LONG-LASTING AQUACULTURE PUMPS

Growing demand for seafood is a global phenomenon

What explains this resurgence of interest in seafood? It is the most highly traded animal protein in the world with a trade value of USD164bn in 2021 or 3.6 times the size of the beef trade and eight times the size of the poultry trade according to Rabobank. e bank forecasts demand for sh to increase by 15 to 183m tonnes in 2031 compared with 2021. e EU, US, Japan, and China are the biggest markets for seafood and import products from countries around the world, and demand is likely to be driven by increasing awareness of seafood as a healthful and generally sustainable source of protein. According to Rabobank, in the US both the millennial population and the ageing baby boomers are searching for alternatives to traditional proteins and seafood ts the bill. e growing demand in the US is increasingly being met through imports which increased 55 to USD28bn in 2021 compared with 2013. And demand in the US is projected to continue rising in the long term. e report also points to China as a growing destination for seafood exports. In 2019, Chinese seafood imports reached USD18bn from USD8bn in 2013, an average annual growth of 14.5. And in 2021 imports reached USD17bn, the third highest gure globally. In volume terms, Chinese imports amount to 3m tonnes, the second highest gure in the world. is trend in import growth can be attributed to the decline of the long-distance shing eet and the increasing a uence in Chinese society. e latter creates demand for imported high value products such as shrimp and salmon. e Chinese aquaculture industry is the world’s biggest by a huge margin and it has had success with farming marine species,

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but production of farmed marine species cannot compensate for the decline in marine catches. Chinese companies were well represented at the seafood expo. After abandoning its zero-covid policy and allowing travel in to and out of the country China returned to the seafood expo with a vast pavilion.

Barcelona is a hit with the global seafood sector

e 2022 event was the rst to be held in Barcelona and the rst to be held since the pandemic. Part of the seafood industry may have elected to wait and see how the show would develop before committing itself to coming to Barcelona. e show last year was a clear success and rea rmed the need for the industry to meet face to face. It also con rmed that the move to Barcelona and an innovative, contemporary venue was right for the expo providing more growth opportunities, said