Salmon is now the most popularly traded fish, overtaking shrimp which was two percentage points below salmon’s total traded value, according to figures from the United Nations Food and Agricultural Organization (FAO). Shrimp was the most traded seafood for decades, but its production and price volatility due to disease has reduced its share.
Production of shrimp has been falling since 2012 in Thailand, which is one of the leading producers and exporters, and prices hit a record high in 2014. Output was just starting to recover in 2015, with prices down 15 to 20 percent.
Salmon demand has been increasing in the U.S. and Europe, and the overall seafood industry is seeing a boost in trade as consumers become more conscious of the health benefits of fish. FAO estimates world fish consumption per person between 2011 and 2015 has risen from 18.7 kilograms to 20 kilograms, and although the international trade for seafood declined in value in 2015, volumes are expected to remain stable or slightly increase, reported The Financial Times.