According to RaboResearch’s annual aquaculture survey on finfish and shrimp production, performed in cooperation with the Global Seafood Alliance (GSA), the industry has a more optimistic outlook for production in 2025.
Improved demand and lower feed costs will drive aquaculture production growth for key species in 2025, but tariffs and trade restrictions are a concern for the industry, said Novel Sharma, Analyst – Seafood and Gorjan Nikolik, Senior Analyst – Seafood,RaboResearch Food & Agribusiness on 19 December 2024.
After a difficult 2024 with demand weakness in key markets, 2025 is expected to bring an improvement in the production growth of key aquaculture species. Still, much remains uncertain for 2025. Lower feed prices and better demand should benefit producers. However, increasing tariffs and trade restrictions may impede the industry, which is highly dependent on exports.
In the case of farmed fish, they expect:
Pangasius and tilapia to have the highest growth, up 7% and 5% YOY, respectively.
Atlantic salmon, sea bass, and sea bream should achieve supply growth of 3% to 4% in 2025.
Shrimp, which continues to face relatively low prices, is expected to grow by only 2%. This is an improvement on the 1% growth in 2024 but low relative to historical levels.
However, survey respondents remain concerned about the market and economic conditions in 2025, with specific concerns about market prices, aquafeed costs, and market access.
Source : Aqua Asia Pacific Magazine
