Aquaculture Trade and Prices

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Aquaculture Trade and Prices

• by
• Helga Josupeit
• GLOBEFISH

FEAP meeting, Rome, May 2007
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What is GLOBEFISH?

• GLOBEFISH is the unit in the FAO Fisheries
  Department responsible for information on
  international fish trade.
• The core of GLOBEFISH is the GLOBEFISH Databank.
  GLOBEFISH produces a number of publications
• GLOBEFISH is jointly financed by FAO and
  GLOBEFISH partners
• GLOBEFISH is an integral part of the FISH
  INFOnetwork and performs a co-ordinating role in
  the Network activities.

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(No Transcript)
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Outline

• Estimates on total international trade of
  aquaculture species
• Importance of aquaculture for the major
  commodity shrimp
• Importance of aquaculture for the major
  commodity salmon
• development of prices example seabream
• Conclusions

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World Fish Production
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Fish Exports in Value (2004)
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Fish Exports in Value (2004)
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Shrimp
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Shrimp production
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Shrimp Aquaculture production versus Trade
- liveweight equivalent
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Shrimp Aquaculture production versus Trade
- liveweight equivalent
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Shrimp Unit Value
- liveweight equivalent
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Shrimp prices Japan and USA
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Conclusions

• Shrimp trade has not grown as much in value than
  in quantity terms in recent years
• USA - the main player in shrimp trade in recent
  years - reports lower demand
• Japanese market seems to have improved recently
• EU market depends on value of Euro and future
  economic growth

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Conclusions

• The importance of shrimp aquaculture in overall
  shrimp supply is growing
• The growth of shrimp aquaculture has had an
  important impact on international fish trade of
  this species

• Unit value of cultured species is going down when
  aquaculture starts
• However, there are signs of stabilization in
  price levels for those species where the industry
  is more mature

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Future Outlook

• Future difficult for shrimp trade in traditional
  markets, as demand does not grow as much as
  supply
• New markets are emerging
• in South East Asia
• in Latin America
• Aquaculture production likely to grow in coming
  years, maybe at slightly reduced pace
• Wild shrimp production stable for main shrimp
• As a result, aquaculture will overtake wild
  shrimp production in the very near future

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Salmon
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Salmon production
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Salmon Aquaculture production versus Trade
- liveweight equivalent
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Salmon Aquaculture production versus Trade
- liveweight equivalent
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Salmon Unit Value
- liveweight equivalent
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Salmon Wholesale PricesFrance - Rungis
- liveweight equivalent
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Future Outlook

• Salmon market very mature market, with 10
  companies dominating more than 90 of market
  share
• New markets are emerging
• in South Asia and China
• in Latin America
• Aquaculture production likely to grow in coming
  years, maybe at slightly reduced pace
• Aquaculture will soon account for two thirds of
  total salmon supply worldwide
• Wild salmon commands premium prices

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Seabream Wholesale PricesMercabarna - Spain
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Seabream Wholesale PricesMercabarna - Spain
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Conclusions

• The importance of aquaculture in overall fish
  supply is growing
• In a not too far away future (2010 or at the
  latest 2020), aquaculture will overtake capture
  fisheries for food fish supply

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Conclusions

• The growth of aquaculture for high value species
  (shrimp, seabass, seabream, salmon) has had an
  important impact on international fish trade
• In recent years, species of lower value (tilapia
  and catfish) also entered successfully
  international trade

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Conclusions

• Unit value of cultured species is going down when
  aquaculture starts
• However, there are signs of stabilization in
  price levels for those species where the industry
  is more mature

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Conclusions

• Many new species will be cultured in the coming
  years
• Mainly high value species for markets in
  developed countries, but the bulk of production
  can be foreseen in developing countries
• Aquaculture species will dominate trade in the
  years to come

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• Thank you