<25 Jan.~2 Feb. Chinese New Year Holidays> Production growth for key aquaculture species in 2025
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Rabobank: Production growth for key aquaculture species in 2025; modest gains for salmon and shrimp
After a challenging 2024 marked by weak consumer demand in key markets, the global aquaculture industry is poised for stronger production growth in 2025, according to a new report from Rabobank in partnership with the Global Seafood Alliance (GSA).
Finfish production is projected to see the most robust expansion, while shrimp, which continues to face relatively low prices, is forecast to grow by just 2 percent year-over-year. Freshwater species such as pangasius and tilapia are predicted to lead the charge, with year-over-year growth of 7 percent and 5 percent, respectively. Species with a strong European presence – including Atlantic salmon, sea bass and sea bream – are expected to see supply growth of 3 to 4 percent. Shrimp, while improving from 1 percent growth in 2024, remains sluggish compared to historical growth rates.
Salmon to return to growth in 2025
“Atlantic salmon production is expected to experience mild growth from 2024 to 2026, following two consecutive years of decline,” said Novel Sharma, seafood analyst at RaboResearch.
Shrimp production lags amid ongoing low prices
“Despite relatively low prices, we expect global shrimp production growth will remain positive,” said Sharma. After years of strong growth, shrimp production is slowing, with volumes projected to increase by only 1 percent year-on-year in 2024 and 2 percent in 2025.
Pangasius and tilapia to see most production growth
Freshwater species are expected to have the highest growth among farmed species in 2025.
Despite the optimistic outlook, the industry remains concerned about the market and economic conditions heading in 2025. Ongoing geopolitical uncertainties pose significant challenges. According to survey results, market prices are once again the top industry concern heading into the coming year, followed by aquafeed costs and market access.
Above article are excerpt from: https://www.globalseafood.org/advocate/rabobank-production-growth-for-key-aquaculture-species-in-2025-modest-gains-for-salmon-and-shrimp/
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