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GLOBAL SEAFOOD TRADE The Role of Aquaculture and Consumer Needs. Jochen Nierentz Senior Officer. World Capture and Aquaculture Production. World fish utilization and supply (excl. China). Comparison of discard estimates and retained catches. Capture Fisheries. Aquaculture.
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GLOBAL SEAFOOD TRADEThe Role of Aquaculture and Consumer Needs Jochen Nierentz Senior Officer
Capture Fisheries Aquaculture
Developing Countries with Highest Increase in Aquaculture Production 1999-2004 (excl. China) (with production in 2004 > 50,000 tonnes) Source: FAO Fishstat
Trend of world aquaculture production by major species groups, 1970-2004
FAO Projections Projected world supply and demand for food and feed fish at constant relative prices
Factors Influencing Capture Fisheries Cost of Capture Fisheries Increases • Oil price • More efforts to catch same volume • Average size decreases • Subsidies are under review • More sophisticated equipment and ships • More regulations • Environmental • Food Safety • Handling at sea more costly than when aquacultured
Opportunities for Aquaculture • Globalization • Planning Security • Creation of Regular Supply • Consistency of Quality • Lower cost in Value Chain • Promotion Activities based on Available Supplies • Demand for Fresh Fish • Technical Innovations
Aquaculture Problems for: • Environmental requirements • Trade disputes (dumping, labeling) • Fast technological productivity growth leads to overproduction and lower prices • Limitingfactor: wild seed and feed (fishmeal trap)? • Price of feed?
Top Exporters in 2004 Exports (US$ million)
Top Importers in 2004 Imports(US$ million)
Fish trade balance Surplus Deficit
World: per capita consumption of fish and meat Kg. (live weight and carcass weight)
Price for Capture Fish • Competition from aquaculture • Competition from alternative food products (chicken, turkey, beef, pork) • Value addition as a cost factor reduces share for raw material • Price pressure form retail and food service sector
Top 10 Seafoods ConsumedAquaculture now driving consumption Source: National Fisheries Institute from NMFS data