tuna Bangkok

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Global World Tuna Markets

• INFOFISH TUNA CONFERENCE
• 25-27 May 2006
• Bangkok, Thailand
• Helga Josupeit, FAO
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This presentation will cover

• World Tuna Catches
• Fresh and Frozen Tuna Trade/Prices
• Canned Tuna Trade/Prices
• Recent developments
• Outlook

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Tuna catches by country
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Tuna catches by species(1000 MT)
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Summary and Outlook (catches)

• Catch seem to have reached the limit in 2003, and
  has declined since
• will catch continue to decline?
• High fuel costs is affecting the industry in
  recent years

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Summary and Outlook (catches)

• Skipjack by far the main tuna species caught, but
  also yellowfin production is important
• Bluefin and bigeye resources under stress, but
  while bluefin is generally well managed, bigeye
  is a major concern

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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 total exports(1000 million
US)
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Fish Exports in Value (2004)
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Tuna exports versus catch
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Fresh/Frozen Tuna exports
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Fresh tuna exports(million US)
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World Imports of fresh or frozen tuna
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Fresh/frozen tuna imports
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Italy Frozen Yellowfin Prices
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Frozen Skipjack Prices
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Italy Frozen Tuna Loin Prices
Euro/kg
yellowfin
skipjack
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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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Summary and Outlook (canned tuna)

• Less production of canned tuna in developed
  countries, especially USA, France and Italy
• More production in developing countries
• Recent investment by European canneries in
  various Central American and South American
  countries

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Recent developments

• the strengthening of the position of Thailand as
  the top world tuna producer (despite the
  mid-1990s crisis)
• the development of bluefin tuna farming, to
  ensure full availability of sashimi to the
  Japanese market.

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Recent developments (cont.)

• the progressive substitution of whole frozen raw
  material with loins operated by canneries in
  developed countries Spain is no longer an
  exception
• the introduction of new canned products, such as
  the wide range of tuna salads, tuna in sauce and
  tuna paste

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Recent developments (cont.)

• the generalised increase in the world demand for
  tuna for non-canning purposes
• the growing concerns over tuna resources,
  especially the valuable bluefins and bigeye for
  the sashimi market. Recent news indicates
  overfishing also for yellowfin in the Western
  Pacific Ocean

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Recent developments EU (cont.)

• Heavy investments of Spanish canneries in Latin
  American countries
• CO in tuna steaks and fillets
• EU-Tanzania tuna fisheries discussion
• EU formalises fishing deal with Micronesia

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Recent developments EU (cont.)

• European Seafood business of Heinz sold
• zero tariffs for small canned tuna quota from
  Thailand
• Change in ACP-EU agreement

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Recent developments USA

• Victory of US tuna industry in mercury warning
  labels case
• Nevertheless, mercury scare impacts US canned
  tuna consumption

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Future

• Tuna resources under stress
• More control over tuna catch and over IUU fishing
• More industry concentration
• Industry to promote tuna as a healthy product, in
  all markets
• More networking and exchange of information