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Spain is one of the world’s largest markets for fish and seafood. In 2023, Spain was the fourth largest importer of fish and seafood in the world after the United States, China, and Japan.
Bulgaria’s fish and seafood imports have grown steadily over the past decade and have nearly doubled. Bulgarian fish and seafood importers are seeking to expand the variety of fish available to consumers, particularly among the mid and high-value categories.
Ukraine’s total imports of fish and seafood rebounded by 28 percent in 2023 after a major war-impacted drop in 2022. The demand for seafood remains strong, although it has shifted from more expensive species to cheaper ones. Strong imports are taking place despite a 20 percent population drop, a major disposable income decline, and new and more expensive trade routes.
The fisheries sector contributes to 3.2 percent to Senegal’s gross domestic product (GDP), accounts for 10.2 percent of Senegal exports, and generated $400 million in value in 2021. There is a growing demand for high quality fish and seafood products because overfishing and illegal, unreported, and unregulated (IUU) fishing have led to depleted fish stocks, creating market access opportunities for U.S. seafood exporters.
Japan will require importers of U.S. products containing mackerel, Pacific saury, sardine, squid and cuttlefish to submit a newly approved Catch Certificate issued by the National Oceanic and Atmospheric Administration (NOAA). The requirement extends to all seafood originating from these species if the marine product is harvested after November 30, 2022.
In 2021, U.S. seafood exports to Hong Kong recovered 31 percent year-on-year to $180 million, and taking over a significant share in niche market segments such as lobsters, eels, oysters, and other frozen mollusks products. Hong Kong has a vast seafood market with an import value of $4 billion in 2021, recovering 20 percent despite the COVID-19 pandemic.
On October 27, 2022, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) issued a new order pertaining to FSSAI Order F. No. 1829/Health Certificate/ FSSAI/Imports (2021), which extends the effective compliance date. The new effective compliance date is now set for January 1, 2023 (the previous effective compliance date was November 1, 2022).