Seafood industry sailing on crest of a wave in Chinese market

Ireland’s seafood industry has the potential to achieve €1bn in sales by 2020 and create over 3,000 jobs through expansion into new markets.

Seafood industry sailing on crest of a wave in Chinese market

The sector is currently worth €822m to the economy, employs 11,000, and has seen exports up 18% on 2011 to €493m in 2012. While traditional markets like the UK, Germany, Spain, and France have seen a decline in demand in recent years, markets in China and India are becoming the focus of the industry.

“If every Chinese person was to eat 100g of Irish seafood just once a year, that would equal 150,000 tonnes a year,” said Christophe Pelletier of the Happy Future Consulting Group.

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