Seaweed exports: higher volume and value

Exports of products made from algae generated a total of USD 195 million in the first seven months of 2014, according to the Fisheries Development Institute (IFOP).

The Bulletin of Fisheries and Aquaculture Exports issued by the Institute reveals that the figure is 16.3 per cent higher than that obtained in the same period last year.

Meanwhile, the contribution of these products to total revenues earned by exports of fishery sector in Chile was 5.3 per cent.

IFOP noted in its report that the sales abroad of products derived from algae totalled 7,903 tonnes in July this year, a figure that accounts for an increase of 23 per cent over the same month in 2013.

The average FOB price of the total of exported algae products between January and July 2014 was USD 3,577 per tonne, 13 per cent more than in the same period in 2013.

Regarding export volumes, IFOP informed that the main products based on algae exported up to July were dried seaweed (90.8 per cent), carrageenan (5.7 per cent) and agar agar (1.9 per cent).

The income received between January and July 2014 ranked dried seaweed exports in the first place with a 53.3 per cent share. They were followed by carrageenan shipments with a contribution of 24.4 per cent, while agar agar ranked third with a share of 14.3 per cent.

 

Photo caption: Algae-based products. (Photo: Stock File)

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