Seychelles’ Seafood Sector Value Chains Project
Seychelles – Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3)
Development of Seychelles’ Seafood Sector Value Chains Project forms part of a long-term strategy central to the strategic development of the Blue Economy and aims to promote diversification, economic resilience and sustainability.
Seychelles government has prioritised the development of local seafood value chains as a means of improving value-addition to what are increasingly recognised as finite fisheries resources.
Diverse in scale, species and product processing, Seychelles’ fisheries value chains form an essential component to domestic food security, in addition to high-value products destined for local sales and export to premium international markets.
Value expansion in Seychelles’ fisheries sector is promoted through the development of aquaculture and value addition of fisheries resources by enhancing locally-based seafood processing value chains has lower maintenance costs, and can be recycled.
Offering unique expansion and enhancement opportunities, Seychelles seafood value chains simultaneously face a variety of constraints.
Effectively supporting the sustainable development of seafood value chains requires identification and analysis of existing seafood value chains, with prioritisation of those offering the greatest development opportunities.
Congruency between processing capacity development and raw materials supply is integral to strengthening economic resilience and environmental sustainability within the fisheries sector.
The ‘seafood value chain development and upgrading strategy’ utilises this focus and is informed by three key processes:
- Identification and prioritisation of seafood value chains
- Analysis of prioritised value chains through mapping, allowance for the identification of limitations and the development of interventions
- Investigation of the current and future capacity needs of Seychelles’ seafood sector value chains
The initial identification of twenty-six existing seafood value chains underwent an individual value chain assessment process during the stakeholder workshop, which resulted in the prioritisation of thirteen value chains.
Individual value chains were uniquely positioned within developmental categories based on potential for volume expansion and value enhancement.
Further analysis allowed for the mapping of prioritised value chains and for appraisal of traded volumes, the activities of clustered value chain actors, costs and profit margins and elements of risk.
This process resulted in the identification of a significant number of interventions for prioritised value chains, promoting resilience and sustainable resource use within Seychelles’ fisheries sector value chains.