By Siti Oktorina
The fish export market is expected to grow at a CAGR of 8.5% during the forecast period as companies look to diversify their portfolio and increase revenue from non-traditional sources such as container ships, long-term contracts and other high value products.
In addition, the success of these exports will depend on how well they are communicated between countries. Therefore, a good first step would be to make a qualitative analysis of this market using an existing research report.
This comprehensive research report provides a detailed overview of global seafood exports for 2018/2019 and 2020/2021 along with projections for future years based on both supply and demand trends. It also includes detailed forecasts for volumes, prices & margins along with key economic indicators like GDP & PPI projections, global trade balance & shares in key economic regions.
The fish exports strategy has been very successful. It is highly popular among countries like Norway, Russia, Canada and the United States. The main reason for this success is that it is a long-term strategy that does not rely on any particular event or circumstance to happen.
However, to achieve this goal, the government has had to make many sacrifices - especially when it comes to budgeting constraints. The scope of the strategy changes every year due to big price fluctuations in fish purchasing power and fluctuating income levels in some countries just because of economic fluctuations.