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Live Fish Markets in China, Hong Kong & ASEAN . Presented by Fatima Ferdouse & Sudari Pawiro INFOFISH . The importance of fishery trade in developing countries. FAO Fish price Index: (2002-2004=100 ). 2012. However, in Malaysia seafood prices remain high.
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Live Fish Markets in China, Hong Kong & ASEAN Presented by Fatima Ferdouse & SudariPawiro INFOFISH
However, in Malaysia seafood prices remain high Farmed vannamei shrimp 60-70pc ; RM 25/kg Salmon steaks : RM 99/kg
The high side seafood market : Imported Organic Seafood in Malaysia, Singapore, Thailand Frozen Cod: US$70 Organic smoked salmon: US$ 100/kg Breaded Organic Cod: US$200/kg Organic salmon, US$ 150/kg
China Thailand
GLOBAL FISHERY IMPORTS, BY CONTINENT bill. US$ 2011 EXPORTS
---and there are better opportunities in Asian Markets January -September January - August This year, the global financial crisis has had its impacts on the emerging markets but imports into Malaysia increased , indicating strong domestic demand
Now a days , it is rather difficult to draw a clear line between low , medium and high value species . Marine fin fish such as groupers, sea bass , snappers , abalone , sea cucumber are the higher value aquaculture products with growing demand With a different name ‘Siakap’ (Asian seabass) has a better image . When marketed as “barramundi” , it sells well at a higher price in Asian and western markets . soft-shell crab farming is taking over many brackish water shrimp ponds in the region due to better market opportunities. Imports of high value seafood continues to rise in Asia .
Regional import and domestic markets for live food fish and crustaceans are expanding • While China is the growing outlet for live marine fishery products, freshwater species are gaining popularity in other markets. • Pink tilapia has replaced wild red snapper in many seafood restaurants since 1997 economic recession • Restaurant demand for live freshwater prawn has also increased, replacing black tiger shrimp
LIVE FISH MAJOR MARKETS IN ASIA • China • Hong Kong • Taiwan • South Korea • Singapore • Malaysia • Japan • Thailand, Vietnam, Indonesia • Mainly local production + imports • Imports • Local production • Local production + Imports (from China) • Imports + local production • Local production + imports • Local Production • Local production
Live marine fish traded in HK Over 60 species of marine finfish are traded in the market, • Species English/Common Name - Epinepheluscoioides Green grouper/orange-spotted grouper - E. bleekeri Spotted grouper/duskytail grouper -Lutjanusargentimaculatus Mangrove/red snapper - E. polyphekadion Flower/cod grouper - E. fuscoguttatus Tiger grouper - Plectropomusareolatus Spotted coral grouper/trout grouper - P. leopardus Leopard grouper - E. malaboricus Malabar grouper - P. maculatus Spotted coral/trout grouper - CheilinusundulatusHumphead/Napoleanwrasse - Trachinotusblochii Pompano - E. lauceolatus Giant grouper
Three Main Market Segments for Live Seafood (Source: WWF, Hong Kong)
Importers: Capture or culture species Fish Traders Primary Distributors Re-export to China Premium-priced Restaurants Retailers/ Domestic Consumption Medium-priced Restaurants
Huge market- but mainly supplied from domestic production • Imports of live food fish is still small (6516 tons in 2011) • Demand is growing for live grouper • Supplies are mainly from HK (re-export) and Taiwan • Imports dropped in 2011 but recover in 2012
Economic Co-operation Framework Agreement in 2010: import tariff reduce to 5% • Direct export using live fish carrier to major cities in China • Taiwan government targets US$263 million exports by 2013 • Competition from local production (Hainan Island)
China-ASEAN Free Trade Area (CAFTA) • Chinese businessmen invested in Vietnam in grouper farming • Join venture between Taiwanese company and Brunei invest in Red grouper farming (indoor) • Indonesia grouper farming centres: Bali, Situbondo and Lampung also targetting HK and China markets. • Borneo Aqua Harvest from Sabah sales directly to Xiamen
Trends and Issues • Increasing supplies from aquaculture (Taiwan, Indonesia, Thailand, Malaysia, Phillipines, Brunei, Vietnam) • Growing demand: China and SE Asian markets • Current high dependency on live fish market • The New trend: Air-flown freshly killed grouper for banquets from Australia • Farming: costs, feed related issues (trash fish vs pellet)