18th August

Irish seafood tops one billion in value for first time

Ireland’s seafood sector recorded its third consecutive year of growth in 2017, up 6.4% on 2016, representing €1.15bn of Gross Development Product. This strong growth was driven by a 12% increase in net exports (€331m), a 4% increase in domestic consumption (€429m) and significant private and public investment (€386m) to give an overall trade value that surpassed €1bn for the first time.

BIM 2017 seafood report

 Minister Michael Creed with Jim O'Toole, BIM chief exective, launch the 2017 seafood report 

Speaking at the launch of BIM’s report, ‘The Business of Seafood’ report – a snapshot of Ireland’s Seafood Sector’, Minister for Agriculture Food and the Marine, Michael Creed said the report significantly measures the value of the entire Irish seafood economy at all stages from sea to plate.

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Demand holds for Irish seafood on world markets

Seafood exports to 72 countries increased by 16% in 2017 to €645m, in line with the increase in export volumes.

‘Average unit prices remained relatively stable at approximately €2,637/tonne across all species exported during this period,’ according to 2017-1018 Export Performance & Prospects released by Bord Bia.

2017 Bord Bia Seafood exports

‘Demand for salmon is expected to outstrip supply for 2018, especially for Irish organic salmon where production is forecast to remain stable or even slightly decrease, and prices are ‘firm due to stable global production.’

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Irish seafood nets overseas markets

SFPA exports 2016Almost 42,000 tonnes of Irish seafood, representing 26 different species, were exported to 46 countries outside the EU during 2016, according to new figures published by the Sea-Fisheries Protection Authority (SFPA), Ireland’s independent State agency responsible for regulating sea-fisheries and the seafood production sectors.

Three countries - China, Nigeria and Egypt - accounted for almost 54% of total exports. Congo, Japan, Ukraine and Vietnam also featured among Ireland’s top ten non-EU export markets.

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Irish seafood showcased to Asian buyers

Fourteen Irish seafood companies exhibited on the Bord Bia stand at the China Seafood & Fisheries Expo in Qingdao. The Expo, which ran from November 1-3, is the largest seafood trade event in Asia, attracting 28,000 visitors from over 100 countries.

2018 Bord Bia ChineseSeafoodExp

YU Kangzhen, Vice Minister of Agriculture, Ambassador Eoin O’Leary and James O’Donnell, Bord Bia

In 2013, China's seafood trade surpassed €20 billion in value, cementing its position as the world's leading seafood trading country, according to Ireland's food export agency, Bord Bia.

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Learning from the best at Rick Stein's Cookery School

Part of the prize for winning the '2017 BIM Young Fishmonger of the Year award' was a two-day course at Rick Stein's Cookery School in Padstow, Cornwall.

BIM young fishmonger Stein

Sam Beech, chef lecturer; Eimantas Zvirblis, Donnybook Fair Malahide; Stephen Hurley, The Fish Shop, Glenmar Shellfish Union Hall, Co Cork; chef lecturer Aarran Lightholder, and cookery school assistant, Philip Taylor

Eiimantas Zvirblis, Donnybrook Fair Malahide and Stephen Hurley, The Fish Shop, Glenmar Shellfish, Union Hall, Co Cork last week attended a 'Fish and Shellfish' course where they discovered how to use the freshest seafood to create some of Rick Stein's favourite dishes.

Online marketing to reach China's 1.5bn consumers

BIM 2017 conference

Over 35% of the world's seafood production is consumed by China's 1.5 billion population whose average per capita consumption is set to rise to 39kg by 2020.

From 2006-2011, added-value seafood sales rose by almost 9% and online seafood sales are predicted to increase by up to 300% (2016 & 2017) of which 80-90% from the frozen category, according to Bord Bia, Ireland's Food Board.  

Read more: Online marketing to reach China's 1.5bn consumers

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