Commodity Trade shrimp, groundfish, tuna and cephalopods

1
Commodity Tradeshrimp, groundfish, tuna and
cephalopods

• prepared for
• Regional Seminar of TCP/3011/RAS
• by
• Helga Josupeit
• June 2006

2
Outline

• Major features of world trade
• Trade developments for most important commodities
• shrimp
• groundfish
• tuna
• cephalopods
• Outlook for world fish trade

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Fish exports
4
Fish imports
5
International Fish Trade 2004
Developing 48
FISHSTAT 2005
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Fish Exports in Value (2004)
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Shrimp
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World shrimp production
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Shrimp exports
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Shrimp imports
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Shrimp import unit value
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Shrimp Prices
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Summary (shrimp)

• Shrimp trade has grown in value in recent years
• USA - the main player in shrimp trade in recent
  years - reports increasing imports recently,
  despite anti-dumping measures
• Japanese market improves, after years of bleak
  performance
• EU market depends on value of Euro and future
  economic growth

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Groundfish
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Groundfish production
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WORLD GROUNDFISH EXPORTS(BY MAJOR EXPORTING
COUNTRIES)
) Frozen cod-like groundfish species including
minced and fillets
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WORLD GROUNDFISH IMPORTS(BY MAJOR IMPORTING
COUNTRIES)
) Frozen cod-like groundfish species including
minced and fillets
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Groundfish import unit value
) Frozen whole, minced and frozen fillets of
cod-like species
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Groundfish prices in the USA
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Summary (groundfish)

• Groundfish catches went down dramatically
• However, trade increased sharply, due to
  outsourcing of the processing
• China emerged as the main groundfish processing
  country in recent years
• Unit value showed a tendency of stabilization
  during the past decade

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Tuna
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Tuna catches by country
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Products entering international trade

• Sashimi tuna
• Raw material for canning
• Whole frozen
• Tuna loins
• Canned tuna
• Specialty products (smoked, katsuobushi, tuna
  steaks, etc.)

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Tuna exports versus catch
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Fresh/Frozen Tuna exports
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Fresh/frozen tuna imports
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Frozen Skipjack Prices
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Summary and Outlook (fresh/frozen tuna)

• Lower supply resulted in less tuna in
  international trade
• Fresh and frozen tuna prices high, and increasing
• Presence of tuna loins expanding in tuna trade
  (even Japan)
• Fresh/frozen tuna trade forecast to stabilize

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Canned tuna production(in 1000 MT)
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Canned Tuna Exports
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Canned tuna imports
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Canned tuna imports
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Canned tuna imports
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Canned Tuna Prices
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Summary and Outlook (canned tuna)

• Canned tuna trade growing in quantity terms
• Thailand still major canned tuna exporting
  country, and growing strongly in recent years
• but also the Philippines are growing

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Summary and Outlook (canned tuna)

• USA by far main canned tuna importing country,
  demand declining due to various problems
• Demand in canned tuna consuming countries growing
  Europe
• Prices, importers are willing to pay, are
  relatively low, with some timid signs of
  improvements

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Summary and Outlook (canned tuna)

• Decline in quality in many markets
• New markets still far from being opened (China)

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Cephalopods
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WORLD CEPHALOPOD LANDINGS(BY COUNTRY)
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Cephalopod exports
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WORLD CEPHALOPOD IMPORTS(BY MAJOR IMPORTING
COUNTRIES)
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Cephalopod import unit value
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Octopus prices in Japan
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Squid and cuttlefish prices in Japan
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Summary (cephalopods)

• Cephalopod trade stabilized recently, as catches
  of both squid and octopus are going down
• China emerged as the main cephalopod player in
  recent years
• Japanese market declined sharply in recent years
• EU market concentrates on the Southern part of
  the continent, and Spain has become the main
  importer of cephalopods
• USA is emerging as an important market for squid

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Future for World Fish Trade

• Decline of Wild Fish Production due to
  Overfishing
• Increase of Aquaculture Production, including
  species for World Fish Trade
• Role of China as Fish Processor and Re-exporter
  expanding

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Future for World Fish Trade (cont)

• New and more stringent import regulations for
  fishery products
• Further expansion of demand for fish, both in
  developed and developing countries
• Lower tariffs leading to more value addition to
  fish in developing countries

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Future for World Fish Trade (cont)

• Importing countries requesting better social
  conditions of workers
• more organic labelling
• more interest in well managed fisheries and
  responsible fish trade
• supermarkets will play a more important role