The latest European Price Report indicates a noticeable rise in seafood prices, driven by increased demand and limited availability of certain species. As buyers gear up for the festive season, key products like groundfish and cephalopods remain scarce, with little improvement expected over the next six months.
Despite these pressures, the prices of farmed fish, such as European seabass and Gilthead seabream, have stayed relatively stable.
Turkish seabass exports have shown solid growth, with shipments reaching 31,900 tonnes in the first eight months of 2024—an increase of 1,900 tonnes compared to the same period last year. However, the average price per kilogram saw a slight dip, falling from approximately €5.85 to €5.74.
Italy remains a key market for Turkish seabass, importing 4,500 tonnes—a rise of 1,000 tonnes year-on-year. While Greece continues to lead as Italy’s primary supplier, recent trends suggest that Turkey is steadily closing the gap.
In the UK, Turkish seabass imports also held strong, with 4,100 tonnes delivered between January and August 2024.
October saw minimal changes in Greek seabass prices, except for a €0.20 per kilogram increase in the 450–600g category. Meanwhile, seabream prices remained stable across all sizes.
As the year-end celebrations draw nearer, Mediterranean seafood markets will continue to be shaped by strong demand and ongoing supply challenges. Importers and exporters alike will be monitoring these trends closely in the months ahead.
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