Mauritian seafood companies take part in the Seafood Expo Global
Mauritian companies are currently taking part in the Seafood Expo Global to tap new markets and customers, where the last edition saw Rs 380 million of orders booked at the fair. (Image:sourcemauritius.com)
Four local seafood companies, namely Ferme Marine De Mahebourg, Hassen Taher, Sapmer Premium Sea Products and Princes Tuna (Mauritius) have made their way to Brussels, Belgium, to participate in the Seafood Expo Global (SEG) with the support of the island’s premier trade promotion agency, Enterprise Mauritius.
Formerly known as the European Seafood Exposition, the SEG is organised in April each year as the largest event of its kind. The grand event regroups more than 25,800 buyers, suppliers, media and other seafood professionals from 150 countries, as a platform to promote and sell seafood products and processing equipments/services to leading buyers from around the globe.
The objective of Mauritius from its participation at the SEG is to promote Mauritian fish and fishery products as well as enhance the visibility of the Mauritian seafood sector. The SEG serves as the ideal platform for the island economy to strengthen its presence in the main markets of the marine sector, in line with its market development strategy, as well as tap new markets, identify new customers and gather competitive intelligence.
Enterprise Mauritius has been associated with this event since 2009, which has proven beneficial for local seafood companies, especially over the last edition, which saw Mauritian firms booking orders in excess of Rs 380 million.
Brief overview of Mauritian seafood sector:
The seafood sector is firmly positioned as the 2nd pillar of the manufacturing sector in Mauritius after Textiles & Clothing.
In 2014, domestic exports of seafood products represented 18% of total domestic exports in terms of value and 50% of the domestic exports of Agri & Agro cluster, followed by sugar (37%).
The export of seafood plays a significant role in the export-oriented sector. In 2014, export of seafood products amounted to Rs 10.7 billion, which represented 18% of island exports.
During the last four years, exports in the sector have increased by 27% from Rs 7.7 billion in 2010 to Rs 10.7 billion in 2014. Europe remains the main market for Mauritius, with 91% of exports to the European region. Within Europe, over a fourth of products are exported to the United Kingdom, 16.7% to Spain and 14% to Italy.