GLOBEFISH Highlights 2018

2nd
iss
2 0 ue
18
GLOBEFISH
HIGHLIGHTS
A QUARTERLY UPDATE ON WORLD SEAFOOD MARKETS
APRIL 2018 ISSUE, with Annual 2017 Statistics
GLOBEFISH Highlights | April 2018

1
ABOUT
GLOBEFISH
GLOBEFISH forms part of the Products,
Trade and Marketing Branch of the FAO
Fisheries and Aquaculture Department
and is part of the FISH INFOnetwork.
It collects information from the main market
areas in developed countries for the benefit of the
world’s producers and exporters. Part of its services
is an electronic databank and the distribution
of information through the European Fish Price
Report, the GLOBEFISH Highlights, the GLOBEFISH
Research Programme and the Commodity Updates.
The GLOBEFISH Highlights is based on information

available in the databank, supplemented by market
information from industry correspondents and from
six regional services which form the FISH INFOnetwork:
INFOFISH (Asia and the Pacific), INFOPESCA (Latin
America and the Caribbean), INFOPECHE (Africa),
INFOSAMAK (Arab countries), EUROFISH
(Central and Eastern Europe) and INFOYU (China).
The designations employed and the presentation of material in this information product do not imply the expression of any opinion
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ISBN 978-92-5-130657-4
© FAO, 2018
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Cover photography ©imjustintime - unsplash
GLOBEFISH HIGHLIGHTS
A quarterly update on world seafood markets
ACKNOWLEDGEMENTS
Globefish highlights
This issue of GLOBEFISH Highlights has been prepared by

Silvio Alejandro R. Catalano Garcia, Helga Josupeit, Rita
Monteiro Pierce, Shen Nianjun, Turan Rahimzadeh and
Weiwei Wang with contributions by Shirlene M. Anthonysamy
(Pangasius and Tilapia), Felix Dent (Salmon and Seabass/
bream), Fatima Ferdouse (Shrimp and Tuna), Erik Hempel
(Cephalopods, Crab, Groundfish, Lobster and Small Pelagics),
Thomas Jensen (Events, Eurofish contribution), Helga
Josupeit (Bivalves), Giulia Loi (Food safety issues), Rodrigo
Misa (Salmon, Shrimp and Tilapia regional contributions),
Ferit Rad (Seabass/bream regional contributions), Turan
Rahimzadeh (Events section), Katia Tribilustova (Seabass/
bream regional contributions) and Weiwei Wang (Fishmeal/
oil). Full bios on all contributors are available at www.fao.org/
in-action/globefish/background/publication-contributors.
Weiwei Wang provided coordination, Rita Monteiro Pierce

provided editing services, Silvio Alejandro R. Catalano
Garcia directed the graphic design, Helga Josupeit and Shen
Nianjun were responsible for quality content review, Turan
Rahimzadeh was responsible for the layout, and Fatima
Ferdouse and Weiwei Wang created statistical figures. The
Norwegian Seafood Council provided data support for the
FAO Fish Price Index. Illustrations were sourced from the
Food and Agriculture Organization of the United Nations,
Original Scientific Illustrations Archive.
ACRONYMS AND ABBREVIATIONS
APMDA Agro Processing and Market Development Authority

ASEAN Association of Southeast Asian Nations
CFP Common Fisheries Policy
CFR Cost and Freight
CIF Cost, insurance and freight
DFO Canadian Department of Fisheries and Oceans
DOC US Department of Commerce
EMS Early Mortality Syndrome
EWS Ex warehouse
FAO Food and Agriculture Organization of the United Nations
FTA Free Trade Agreement
GMRI Gulf of Maine Research Institute
HAPO Hellenic Aquaculture Producers Organization
IATTC Inter American Tropical Tuna Commission
ICES International Council for the Exploration of the Sea
IEO Spanish Institute of Oceanography
MARD Viet Nam Ministry of Agriculture and Rural Development
MOIT Viet Nam Ministry of Industry and Trade
MSC Marine Stewardship Council
NPFMC North Pacific Fisheries Management Council
NSC Norwegian Seafood Council
RFC Russian Fishery Company
SFP Sustainable Fisheries Partnership
SPRFMO South Pacific Regional Fisheries Management Organisation
TAC Total Allowable Catch
TiLV Tilapia Lake Virus
VASEP Viet Nam Association of Seafood Exporters and Producers
WTO World Trade Organization
YTL Turkish lira
CONTENTS
ACKNOWLEDGEMENTS 4
ACRONYMS AND ABBREVIATIONS 5
GLOBAL FISH ECONOMY 14

Bumper year for global seafood in 2017 gives way to a more uncertain
outlook for 2018
SHRIMP 17
Farmed shrimp output increased by about 6 percent in 2017
TUNA 22
High-priced raw materials in 2017 weakened demand for canned tuna
GROUNDFISH 27
Lower quotas, prices rising
CEPHALOPODS 31
Continued shortage of octopus, while the squid season looks good
TILAPIA 34
Non-traditional markets lead the way
PANGASIUS 37
Asia and Latin America lead the way, tight supplies keep prices up
BASS & BREAM 39

Sector undergoing structural changes as production surplus continues
to dampen prices
SALMON 42
Steep price slide in the second half of 2017 brings some stability back
to the market
6 GLOBEFISH Highlights | April 2018

SMALL PELAGICS 47
Lower mackerel and herring prices
FISH MEAL & FISH OIL 51

By the end of the second fishing season of 2017, only 46 percent of
the anchovy quota in Peru was fulfilled.
LOBSTER 54
Tighter supplies and higher prices
BIVALVES 57
Bivalves market very positive
CRAB 61
Higher prices for king crab and snow crab
FOOD SAFETY ISSUES 64

Detentions and Rejections of shrimp and prawns in Canada,
European Union, Japan and United States of America
EVENTS 67
2018 Global Fishery Forum and Seafood Expo
APENDIX STATS 68-77

7
TABLES, FIGURES AND NEWS
TABLES
shrimp
World Production of Farmed Shrimp 17
World top exporters and Importers of shrimp 18
US imports of shrimp (by product) 19
Japanese imports of shrimp (by product) 19
EU28 imports/exports of shrimp 19
Shrimp imports in Asia-Pacific 20
TUNA
Japanese tuna landings 22
World top 6 exporters and Importers of canned/processed tuna 24
tilapia
Chinese exports of frozen tilapia 36
salmon
Norwegian exports of salmon 43
Chilean exports of salmon 43
US imports of salmon 45
small
pelagics
Norwegian exports of small pelagics 49
lobster
World imports/exports of lobster 54
US imports/exports of lobster 55
bivalves
World imports/exports of mussels 58
World imports/exports of oysters 59
World imports/exports of scallops 59
World imports/exports of clams, cockles, arkshells 60

Appendix
stats
Fish and fishery products statistics 68
World main squid and cuttlefish importers 69
World main squid and cuttlefish exporters 69
World main octopus importers 70
World main octopus exporters 70
World main tilapia importers 71
World main tilapia exporters 71
World main catfish importers 72
World main catfish exporters 72
World main salmon importers 73
World main salmon exporters 73
World main fish meal importers 74
World main fish meal exporters 74
World main fish oil importers 75
World main fish oil exporters 75
World main lobster importers 76
World main lobster exporters 76
World main crab importers 77
World main crab exporters 77

9
GRAPHS
global fish
economy
FAO Fish price index 15
shrimp
Shrimp production by species, both wild and farmed (2016) 17
USA | Imports | Shrimp 18
India | Exports | Shrimp 20
Prices Shrimp: USA 21
TUNA
Tuna production by species, both wild and farmed (2016) 22
USA | Imports | Tuna | Fresh 23
Japan | Imports | Tuna | Frozen 23
Japan | Imports | Tuna | Fresh/chilled 23
Thailand | Exports | Tuna | Canned/processed 24
USA | Imports | Tuna| Canned/prepared 25
Spain | Imports | Tuna | Cooked loins 25
United Kingdom | Imports | Tuna | Canned 25
Germany | Imports | Tuna | Canned 25
Prices Skipjack: Thailand 26
groundfish
Groundfish production by selected species, both wild and farmed (2016) 27
China | Imports | Cod 28
China | Imports | Alaska pollock 28
Germany | Imports | Alaska pollock 28
Netherlands | Imports | Cod 28
China | Exports | Alaska pollock 29
Russian Federation | Exports | Alaska pollock 29
Norway | Exports | Cod 29
Export price Cod: Norway 30
cephalopods
Cephalopods production (2016) 31
Republic of Korea | Imports | Octopus 31
USA | Imports | Squid and cuttlefish 32
Spain | Imports | Squid and cuttlefish 32
Prices Squid: Italy 33
tilapia
USA | Imports | Tilapia 34
Prices Tilapia: USA 35

pangasius
USA | Imports | Catfish 38
Spain | Imports | Catfish 38

bass & Bream

Seabass and seabream production (2016) 39
Turkey | Exports | Seabass | Fresh 40
Turkey | Exports | Seabream | Fresh 40
Greece | Exports | Seabass | Fresh 40
Greece | Exports | Seabream | Fresh 40
Italy | Imports | Seabass | Fresh 41
Italy | Imports | Seabream | Fresh 41
salmon
Salmon production by species, both wild and farmed (2016) 42
Top three global producers of farmed Atlantic salmon 42
UK | Exports | Salmon 44
Germany | Imports | Salmon 45
Japan | Imports | Salmon 45
Prices Salmon: France 46
Prices Trout: Italy 46
small
pelagics
Export prices Mackerel: Norway 48
China | Exports | Mackerel 48
Export prices Frozen herring: Norway 48
Germany | Imports | Herring 48
Russian Federation | Exports | Herring 49

fish meal
& fish oil
Top global producers of fishmeal 51
Top global producers of fish oil 51
Denmark | Exports | Fish oil 52
Peru | Exports | Fishmeal 52
Peru | Exports | Fish oil 52
Norway | Imports | Fishmeal 53
Norway | Imports | Fish oil 53
China | Imports | Fishmeal 53
Prices fish oil and rape oil: Europe 53
Prices Fish oil and fish meal: Europe 53
lobster
Lobster production (2016) 54
EU28 | Imports | Lobster 55

11
China | Imports | Lobster 55
Canada | Exports | Lobster 55
Prices Lobster tails: USA 56
Wholesale prices American lobster: USA 56
Prices European lobster: Europe 56
bivalves
Bivalve production by selected species, both wild and farmed (2016) 57
EU28 | Imports |Mussels 57
Spain | Imports | Mussels 58
France | Imports | Mussels 58
Chile | Exports |Mussels 58
Prices Mussels: France 58
EU28 | Imports |Scallops 59
France | Imports | Scallops 60
crab
Crab production (2016) 61
Top three importers of crab 61
USA | Imports | Crab 62
China | Exports | Crab 62
Russian Federation | Exports | Crab 62
Prices Crab: USA, Japan 62
food safety
issues
Shrimp rejected at Canadian borders in 2017 by causes (number of cases) 64
Shrimp rejected at Canadian borders in 2017 by hazard 64
Shrimp rejected at EU28 borders in 2017 by causes (number of cases) 65
Shrimp rejected at EU28 borders in 2017 by hazard 65
Shrimp rejected at Japanese borders in 2017 by causes (number of cases) 65
Shrimp rejected at Japanese borders in 2017 by hazard 65
Shrimp rejected at US borders in 2017 by causes (number of cases) 66
Shrimp rejected at US borders in 2017 by hazard 66
©Fotolia - kerenby
GLOBAL FISH ECONOMY
Bumper year for

global seafood
in 2017 gives
way to a more
uncertain
outlook for 2018
©Fotolia - Olga Glebska
Global fish production increased by an estimated 2.3 Production increases combined with high prices
percent in 2017, boosted by a recovery in catches turned into substantial gains in export revenues for
in a number of important fisheries following the El seafood exporting regions in 2017, led in absolute
Niño climatic event. Global aquaculture harvests and percentage terms by South America. Higher
continue to grow at a consistent rate of 4–5 percent catches of Peruvian anchoveta, improved full-year
a year, which will see the sector overtake capture prices for Chilean salmon and good farmed shrimp
fisheries as the leading means of fish production harvests in Ecuador were the main factors behind
within the next 2–3 years. Aquaculture already an estimated USD 3.6 billion increase in the South
supplies the major proportion of the fish we eat, American seafood export revenues in 2017. In Asia,
accounting for 54 percent of the 20.4 kg per capita a 36 percent increase in Indian export revenue in
consumed in 2017. Compared with the previous 2017 followed a 14 percent increase the prior year.
year, international seafood trade expanded at a These figures reflect the effects of rapid growth
faster rate in 2017 in both volume and value terms, in Indian farmed shrimp production, as well as
driven by better than expected economic growth the rising price trend for cephalopods. In Europe,
globally and the weakening of the US dollar towards the general improvement in economic conditions
the end of the year. Prices for multiple commodity was a catalyst for increased seafood exports in
groups trended upwards even as total supply rose, the EU28, both external and internal. Meanwhile,
backed by a general strengthening of demand in Norway continued to record ever-higher export
major seafood markets across the world. revenues on the back of good prices for groundfish
and farmed salmon.
Over the course of 2017, the FAO Fish Price Index
rose by 9 points, primarily as a result of a 23-point The rebound of the Brazilian economy and
rise in traded prices for wild caught species, including accelerated growth in a number of key Asian
cod, cephalopods, tuna and small pelagic species. countries in 2017 helped developing countries
In fact, the capture fisheries price index reached its regain their position as the leaders of global
highest ever level, 169 points, in December 2017, seafood trade expansion. Both exports and imports
the peak of a strong upward trend that began in by developing countries grew an estimated 10
late 2015. Meanwhile, the aquaculture price index percent in 2017. Emerging economies in East and
fell 3 points from December 2016 to December Southeast Asia, mainly China but also smaller and
2017, due in large part to a steep 18-point drop rapidly growing economies such as the Republic of
in the salmon component of the index, as record Korea and Thailand, continue to take an increasing
harvest volumes hit markets in the second half of large share of the global market as consumers, in
the year. Overall, however, average salmon prices addition to their historically more prominent roles
in 2017 still exceeded those achieved in 2016. as producers, processors, and exporters. In 2017,

World Fish market at a glance
2015 2016 2017 Change: 2017
over 2016
estimate estimate
million tonnes %
WORLD BALANCE
Production
168.7 170.9 175.2 2.5
Capture fisheries 92.7 90.9 91.6 0.8
Aquaculture 76.1 80.0 83.6 4.5
Trade value (exports USD) 133.3 142.5 152.1 6.7
Trade volume (live weight) 59.6 59.7 60.4 1.2
Total utlilization 168.7 170.9 175.2 2.5
Food 148.4 151.2 154.5 2.2
Feed 15.1 14.6 15.6 6.8
Other uses 5.2 5.1 5.1 0.0
SUPPLY AND DEMAND INDICATORS
Per caput food consumption
Food fish (kg/year) 20.2 20.3 20.5 0.6
From capture fisheries (kg/year) 9.8 9.6 9.4 -2.0
From aquaculture (kg/year) 10.3 10.8 11.1 2.8
Totals may not match due to rounding.
FAO Fish Price Index

(100=2002-2004)
180
TOTAL AQUACULTURE CAPTURE
160
140
120
100
80
60
40
20
Source: Norwegian Seafood Council

15
however, exporters were able to take advantage
of strong demand spread across multiple markets
in different regions, including the large developed
economies of the United States of America, the
EU28 and Japan, where growth returned in 2017
after relatively weak performance the previous
year. Combined, these three markets imported
6.7 percent more seafood in 2017 in value terms,
equivalent to a total value of USD 6.15 billion.
In 2018, the supply outlook is mixed across the main

commodity groups, and the threat of unexpected
supply shocks due to increasingly frequent extreme
weather events or disease is continually present.
On the market side, the economic gains realized
globally in 2017 are widely expected to continue
into 2018, although the World Trade Organization
(WTO) expects a slight slowdown in merchandise
trade growth, which is generally broadly correlated
with trends in international seafood trade. There
has also been a number of developments that
represent potential downside risks to the global
economy, including rising geopolitical tensions,
interest rate hikes by central banks and further
escalation of the ‘trade war’ between the United
States of America and China. Both of these countries
are major players in the global seafood market, and
although fish products have not yet been subject to
retaliatory measures by either government, their
future inclusion could have a significant impact on
trade flows.
16
© FAO/GLOBEFISH
SHRIMP
Supply
Farmed The global production of farmed shrimp in 2017 was
estimated between 2.9–3.5 million tonnes. Nearly
shrimp output 75 to 80 percent of the production originated in

Asia-Pacific.
increased by World Production of Farmed Shrimp, in 1 000 tonnes

2016 2017 (estimate)
about 6 percent
Country
China 800 600- 700
India 400 430-620
in 2017 Viet Nam

Indonesia
240
390
415-600
350-450
There was a change in market Thailand 300 305
direction from West to East, where Philippines 60 65-70
China played a strong role in 2017. Bangladesh 50 55-60
Local demand in many producing Malaysia 30 32-35

Total Asia-Pacific* 2270 2252-2840
countries was also good and at
Total Latin America** 600 650-700
strong prices.
World total 2870 2902-3540
Source: Aqua Culture Asia Pacific Magazine and industry
sources
Notes: *Myanmar, Brunei, Australia, Iran, Saudi Arabia
and others;
** Brazil, Peru, Nicaragua, Colombia and others
In its 2017 annual review, Aqua Culture Asia Pacific

magazine reported the production trend for Asia
as “expansion and conversion in India, Viet Nam,
Indonesia and to a smaller extent the Philippines;
recovery in Thailand was disrupted. Production also
declined in Malaysia. China’s production continued
to decline ”.
Shrimp production by species, both wild and
65+15+812
farmed (2016) Vannamei is farmed now in most Asian countries,
Others except Bangladesh. Some farmers in Viet Nam and
12% Indonesia returned to black tiger farming because of
higher financial return, whereas Malaysian farmers
Akia paste Whiteleg
shrimp
moved back to black tiger shrimp to address the
shrimp
8% 65% early mortality syndrome (EMS) problem. In Latin
America, the main producers were Ecuador, Mexico
and Brazil, generating more than a total of 700 000
Giant tiger tonnes.
prawn
15%
International Trade
An estimated 2.3 million tonnes of shrimp and prawn
were imported in the top seven global markets in
2017, approximately 15 percent more than in 2016.
Source: FAO Demand in East Asia was stronger in 2017, attracting
large volumes of supplies worldwide.

17
World top exporters and Importers of shrimp Imports
(all types, 1 000 tonnes)
In 2017, shrimp demand was strong in East Asia and
Export percent change in North America, supported by good consumer
Exporters 2016 2017 2017/2016 acceptance of farmed shrimp and steady prices.
India 438.5 574.2 + 31.4 However, in Europe the market was rather flat.
Viet Nam 425.0 530.0 + 24.7
Global imports to the top seven countries (EU28,
Ecuador 372.6 439.7 + 18.0 United States of America, Viet Nam, China, Japan,
Indonesia 188.0 176.6 - 6.1 Republic of Korea and Canada) totalled 2.6 million
China 205.3 196.9 - 4.1 tonnes in 2017, of which 43 percent (1.12 million
tonnes) were imports to four Asian markets (China,
Argentina 159.8 183.3 + 14.7 Viet Nam, Japan and Republic of Korea). Industry
Thailand 209.4 207.8 - 0.8 reports indicated that 60–70 percent of Vietnamese
Importers percent change
imports were re-exported to China, indicating a
2017/2016
double reporting in the international trade.
Importers 2016 2017
EU28 783.9 785.1 +0.1
USA 605.6 664.7 +9.8 United States of America
Viet Nam* 330.0 441.2 +33.7 Shrimp remained the most popular seafood in the
China** 300.0 375.5 +25.2 United States of America. Supported by a strong
Japan 223.6 233.7 +4.3 stock market and higher disposable income, shrimp
Republic of Korea 83.0 70.4 -15.1
consumption in the United States of America
increased in 2017, compared with 2016. Stable
Canada 51.1 55.9 +9.3 US import prices also kept wholesale prices fairly
Source: National data. Note: * Imports from 21 countries; ** attractive during the review period. Sales increases
including imports through border trade in retail and catering trade drove 2017 imports
to record high levels at 665 100 tonnes, worth
USD 6.5 billion, 10 and 14 percent higher than 2016,
Exports respectively.
The positive export growth in India and Ecuador The decrease in the anti-dumping tariff on Indian
resulted directly from an increased domestic shrimp and its increased market acceptance led to
production of farmed shrimp, whereas nearly a significant increase in shrimp supply from India
50 percent of Vietnamese exports consisted of (+39 percent at 214 400 tonnes), which was a key
imported shrimp. factor behind the overall rise in US shrimp imports
in 2017. The average wholesale price of Indian shell-
In 2017, reported shrimp exports from Vietnam to on vannamei was 6–10 percent higher than the
the top 20 destinations, including official exports Ecuadorian product.
to China, totalled 264 000 tonnes, representing
only a 1.1 percent increase from 2016. However, Noticeably, about 78 percent of the US imports of
considering the large re-exports from Viet Nam shrimp were tropical shell-on and peeled products
to China (which comprises 60–70 percent of the (shell-on easy-peel, peeled tail-on, peeled deveined,
imports in Viet Nam), the total shrimp exports from butter-fly cut, among others). The share of prepared
Viet Nam to the global market in 2017 were nearly
25 percent higher, at 530 000 tonnes, compared
with 2016. USA | Imports | Shrimp
Top three origins
Exports from Indonesia and China declined, due to Unit: 1 000 tonnes, January-December
lower domestic production. Thai exports declined to India Indonesia
the major markets except to Japan. Thailand Other countries
Total imports
Shrimp catches in Argentina reached more than 300 680

200 000 tonnes in 2017 and there was an increase of 660
250
14.7 percent in exports to 183 300 tonnes, compared
with 2016. Exports to Japan increased by 40 percent 640
200
at 18 000 tonnes and to Viet Nam by 80 percent at 620
150
11 400 tonnes. 600
100
580
Exports of wild caught prawn from Canada declined 50
by 40 percent in 2017 compared to 2016, due to 560
lower catches. There were increased exports to Viet 0 540
Nam. 2015 2016 2017
Source: US-NMFS

products including breaded shrimp was only 22 European Union (Member Organization)
percent. Imports for tropical shell-on and peeled
products increased by 10 percent and for prepared Shrimp demand in the EU28 market remained
products increased by 11 percent, compared with unchanged over the last 5 years. Imports of shrimp
2016. from outside the EU28 consisted in more than 75
percent of the total shrimp trade and persisted in
US imports of shrimp (by product) the range of 570 000 to 580 000 tonnes per year,
January - December including 19–20 percent of value added shrimp.
2013 2014 2015 2016 2017 Total EU28 imports were almost the same in 2016
(1 000 tonnes) and 2017. Despite the stable market prices, imports
from most suppliers increased only marginally,
Shell-on frozen 196.8 219.0 223.8 229.1 236.3
though there was a 25 percent increase in imports
Peeled frozen 199.3 230.0 234.8 242.7 280.9 from Viet Nam (43 percent was value added
Breaded 36.9 39.4 44.5 44.1 47.4 shrimp). There was a weaker demand trend in the
Other products 76.3 80.2 84.1 89.2 100.5 Community market, with some seasonal peaks.
Total 509.3 568.6 587.2 605.1 665.1 In the individual EU28 markets, imports increased
Source: NMFS marginally in Spain (+3 percent at 169 400 tonnes)
and Denmark (+ 5 percent at 79 400 tonnes), but
declined in France (-2.2 percent at 108 000 tonnes),
Japan the United Kingdom (-2.2 percent at 79 400 tonnes),
the Netherlands (-16.0 percent at 72 500 tonnes)
After more than 5 years of stagnation, Japanese and Italy (-5 percent at 69 000 tonnes). Demand for
imports recovered to a total of 223 200 tonnes during Argentinean shrimp was strong in Europe during the
2017 (+4.3 percent than in 2016), supported by an 2017 Christmas season, compared with the demand
improved economy and higher disposable income. for tropical shrimp.
Overall shrimp consumption improved during the
review period, but it is, as normal, associated with Switzerland, the high-end market in Europe,
high consumption periods in April/May, July/August reported a 4 percent rise in shrimp imports at 8 200
and the end of December. tonnes in 2017.
Japanese imports of value-added shrimp amounted In 2017, Shrimp imports in the Russian Federation in
to 62 200 tonnes, representing 27 percent of the 2017 were the highest since 2015, at 38 400 tonnes.
country’s total shrimp imports in 2017, compared Supplies of cold water shrimp from Greenland
with 22 percent in the United States of America and increased by 29 percent to 9 800 tonnes. Shipments
19 percent in the EU28. from Argentina rose by 181 percent to 3 600 tonnes.
Imports of tropical shrimp increased from India (+24
In recent years, Japanese household demand for raw percent at 7 400 tonnes) and Ecuador (+38 percent
shrimp declined, but increased for ‘ready–to cook’ at 4 500 tonnes).
and ‘ready to eat’ products. The year-end sales for
these products were good in 2017. Demand for raw
head-on black tiger shrimp increased from high-end
restaurants and for Argentinean shrimp from sushi
shops and supermarkets during the review period.
Viet Nam and Thailand were the main suppliers to

the Japanese market, including value added shrimp. EU28 imports/exports of shrimp
Other exporters included India (35 000 tonnes), January - December
Indonesia (30 500 tonnes) and Argentina (21 600
tonnes). 2013 2014 2015 2016 2017
(1 000 tonnes)
Imports
Japanese imports of shrimp (by product) Ecuador 83.1 91.6 93.0 95.9 96.7
January - December Argentina 58.9 65.5 71.1 78.4 80.6
2013 2014 2015 2016 2017 India 66.4 80.4 78.7 77.7 78.5
(1 000 tonnes) Others 550.1 558.0 524.6 531.9 529.3
Frozen, raw 187.3 162.3 153.1 163.0 170.9 Total 758.5 795.5 767.4 783.9 785.1
Cooked, frozen 24.2 20.1 19.5 19.6 19.4 Exports
Prepared/preserved 45.7 36.8 37.5 38.8 39.8 Intra-EU 253.4 249.9 243.7 303.9 239.7
Sushi (with rice) 2.2 2.0 2.4 2.8 2.7 Extra EU 80.0 76.8 73.8 64.1 53.4
Total* 262.1 223.4 213.7 223.5 234.4 Total 333.4 326.7 317.5 368.0 293.1
Source: Japan Customs/INFOFISH, *including others Source: EUROSTAT

19
Asia/Pacific Domestic prices of fresh shrimp in China, Taiwan
Province of China, Malaysia, Thailand, Viet Nam
Demand for shrimp in the Asia/Pacific region was and Singapore, were much higher compared with
strong in producing and non-producing countries western import prices. At the retail trade in Malaysia,
(Japan, Republic of Korea, China Hong Kong SAR, prices of fresh vannamei 50/60 pieces per kg price
Singapore, New Zealand) during 2017. Most of the was high at USD 10 per kg. In India, 100 pieces per
regional imports entered local and neighbouring kg of vannamei was sold at USD 3.9 per kg in the
markets (Viet Nam to China, Viet Nam re-exported fresh market.
most of its imports with or without further
processing). In Thailand, imported shrimp is Shrimp imports in Asia-Pacific, in 1 000 tonnes
generally reprocessed into value added products for
exports. percent change
Imports 2016 2017
2017/2016
China remained the leading consumer of shrimp *Viet Nam 330.0 441.2 +33.7
in Asia, including imported shrimp. An increasing *China 300.0 375.5 +25.2
volume (60-70 percent) of domestic production has
Japan 223.6 233.7 +4.3
been entering the local market. The trend is similar
in Southeast Asian producing countries. Republic of Korea 83.0 70.4 -15.1
Taiwan Province of
34.2 41.8 +22.3
SIn the Pacific region, imports declined marginally China
in Australia (-1 percent) to 32 300 tonnes, but Hong Kong SAR 51.6 41.3 -20.1
increased in the smaller New Zealand market by 4 Australia 32.6 32.3 -1.0
percent at 5 200 tonnes.
Singapore 24.8 23.8 -3.6
Reportedly, 70 000 tonnes of vannamei were sold Malaysia 21.5 18.9 -11.9
in India’s domestic market in 2017. Most of the Thailand 26.0 14.8 -42.8
freshwater prawn produced in Bangladesh, Malaysia, New Zealand 4.9 5.2 +4.1
Thailand and Viet Nam also entered domestic urban
markets at much higher prices than export. Total 1132.0 1298.0 14.6
Source: National trade statistics
In the Asia/Pacific region, Viet Nam was the largest Note: (*estimate)
shrimp importer in 2017, with increased shipments
from the main suppliers Ecuador (+51 percent at
223 900 tonnes) and India (+58 percent at 157 700 India | Exports | Shrimp
tonnes). Imports also increased from Argentina at
11 300 tonnes (+79 percent). Viet Nam re-exported Top three destinations
60–70 percent of its imports to China without Unit: 1 000 tonnes, January-December
further processing. United States of America Viet Nam
Japan Other countries
Total Exports
According to the Chinese Customs, shrimp imports
in 2017 increased by 4 percent to 111 400 tonnes. 240 800
The leading suppliers to the Chinese market were 200
Canada, Argentina, Ecuador, India and Greenland. 600
160
Imports increased from all except from Argentina.
In addition, an estimated 265 000 to 270 000 tonnes 120 400
of shrimp entered China from Viet Nam through 80
unreported border trade, while the official volume 200
of imports from Viet Nam to China was only 1 600 40
tonnes. Starting in 1 December 2017, China lowered 0 0
import tariffs on shrimp from 5 to 2 percent, which 2015 2016 2017
has induced more direct imports since then. Source: Ministry of Commerce, India
The import shortfalls in the Republic of Korea and
China Hong Kong SAR were due to declining supplies
of fresh shrimp from China to these markets.
However, imports from Viet Nam increased to these
destinations. The weaker Malaysian Ringgit against
the US dollar also affected imports, even though
local demand was strong at good prices.
Prices
Despite increased production of farmed shrimp,
prices in the international trade remained stable
throughout 2017.

Prices
Shrimp: USA
count 21/25 (India)
count 26/30 (India)
count 36/40 (Ecuador)
USD/lb count 36/40 (India)
Headless, shell-on farmed vannamei, Ex-warehouse, New York, USA

Source: INFOFISH Trade News
Outlook
The 2018 farming season in Asia begins in April/May.
Industry sources in Asia forecast a positive trend
in 2018 and a 10 percent production rise in India.
Latin America entered the low production season
starting in March. The likely El Niño in 2018 may
cause extreme weather such as draught and heavy
rain, which are harmful to the aquaculture sector.
The situation will be clearer by July.
In early 2018 the US shrimp inventory remained high,

while imports in January were 20 percent higher
than last year. In view of the recent weakening of
the US stock market, importers are being cautious.
If the Dow Jones keeps growing in 2018, consumer
confidence will stay positive.
In Europe, buyers await lower prices with anticipated

rise in production.
In Japan shrimp consumption will increase during

the Spring festivals in April/May, while imports were
seasonally low during the first quarter of the year.
Since late December 2017, the Chinese authorities

have started a crack down on illegal imports of
seafood from Viet Nam including shrimp. During the
first two months of 2018, direct imports in China
from Ecuador and India have doubled. Export from
these two origins to Viet Nam also remained strong
in January 2018. The impact of these developments
will be more visible by mid-2018.
21
©FAO/Marco Salustro
TUNA
canneries. Catch improved starting in November
High-priced
2017 and prices started to soften reaching USD 1 700
per tonne by the end of the review period, matching
the weaker demand for canned tuna in Europe and
raw materials in North America.
Catch was moderate to good in the Eastern Pacific

2017 weakened region, benefiting the canneries in Manta, Ecuador.
In this region, two sets of 2-month IATTC Veda
fishing closures were in place from November 2016
demand for to 18 January 2017 and 29 July to 8 October 2017,
when 64 percent of the fishing fleet participated in
canned tuna
the fishing ban.
In the Indian Ocean, landings were moderate and

without much fluctuation in 2017, which allowed
In the large traditional markets, higher transshipment of frozen tuna to Thailand and
conventional products are losing Ecuador.
consumer appeal while high-value
products including non-canned Frozen tuna inventories in Thailand, which were
mostly imported, were healthy in 2017 due to lower
tuna are gaining bigger niches. demand for processed tuna from the global market.
Compared with 2016, total imports of frozen raw
material for canning was 7 percent lower in 2017
at 648 900 tonnes. Imports of skipjack declined
by 10.4 percent at 473 800 tonnes, but yellowfin
Raw material supply imports were marginally higher at 121 900 tonnes
(+1.5 percent). Following the increased demand for
Global supply of tuna canning material was lower canned albacore in the US market, frozen albacore
in 2017 compared with 2016. Landings were imports increased by a hefty 35 percent at 43 700
disappointing in the Western and Central Pacific tonnes.
region during the first half of the year. This region
accounts for two thirds of the world skipjack In 2017, Spain imported 165 900 tonnes of frozen
resources. Catches declined further during July– skipjack, yellowfin and albacore, and 84 500 tonnes
October FAD fishing closure, when skipjack price of cooked tuna loins for reprocessing.
shot up to USD 1 900–2 400 per tonne CFR Bangkok,
following some increase in demand from Thai Japanese tuna landings
2013 2014 2015 2016 2017
52+27+764
Tuna production by species, both wild and (1 000 tonnes)
farmed (2016) Bluefin 3.4 4.2 5.2 5.8 6.1
longtail tuna 4% Bigeye 27.5 29.3 28.0 26.9 23.5
Frigate and Skipjack Yellowfin 28.4 33.4 38.0 36.7 41.3
bullet tunas tuna 52%
6% Skipjack 257.5 243.8 234.4 217.5 200.1
Bigeye tuna Albacore 58.2 53.4 46.1 36.9 40.9
7%
Total* 375 364.1 351.7 323.8 311.9
Source: MAFF, Japan/INFOFISH.
*including distant water catches
Yellowfin tuna Fresh and frozen tuna market

27%
(non-canned)
Global demand for non-canned tuna has been
Source: FAO better than for canned tuna, in particular for frozen
loins, fillets and steaks. Prices remained stable in

the international trade during 2017 and there were USA | Imports | Tuna | Fresh
increased imports to the United States of America, Top three species
Japan and the EU28, compared with 2016. Unit: 1 000 tonnes, January-December
Bigeye
Other species
Total imports
United States of America
8 24
The United States of America imported 2.6 percent
7
more non-canned tuna from Asia and Latin America
in 2017 than in 2016 (revised data: 57 900 tonnes), 6 18
nearly 60 000 tonnes of fresh and frozen tuna 5
(dressed fish and loins). More than 50 percent 4 12
of these imports were frozen loins and steaks, 3
highly preferred by traders and marketers due 2 6
to their longer shelf life compared to fresh tuna. 1
Supplies were mainly from Indonesia, Viet Nam, the 0 0
Philippines, Thailand and China. 2015 2016 2017
Source: US-NMFS (includes fresh loins/fillets)
Yellowfin tuna was the main species in the whole/
fresh tuna category, though US imports from
leading sources declined by 1.6 percent in 2017
compared with 2016, specifically from Sri Lanka,
the Philippines, Maldives and Trinidad and Tobago.
US imports of bigeye tuna represented only a small Japan | Imports | Tuna | Frozen
share of the total imports of fresh tuna and were Top three species
8 percent lower in 2017 than in 2016, mainly from Unit: 1 000 tonnes, January-December
Brazil and the Western Pacific. Bigeye
Skipjack Other species
Total imports
High-value fresh bluefin tuna imports to the United
States of America increased by 33 percent in 2017 80 190
compared with 2016, supplied by Canada, Japan,
Spain and Turkey, with an average import price of 60 185
USD 21 per kg. US imports of frozen Atlantic bluefin
also increased from 5 tonnes in 2016 to 44 tonnes in 40 180
2017, most entering the US sashimi trade.
The US market has emerged as the leading importer 20 175

of air-flown tuna since 2015, a position previously
held by Japan. 0 170
2015 2016 2017
Source: Japan Customs/INFOFISH
Japan
Overall imports of seafood to Japan improved in
2017, supported by economic recovery and rising
disposable income, but that trend was not seen in
the sashimi tuna trade. Japanese imports of fresh Japan | Imports | Tuna | Fresh/chilled
tuna in 2017 were the lowest of recent years, Top three species
decreasing by almost 50 percent compared to 2013. Unit: 1 000 tonnes, January-December
Sashimi tuna has become a seasonal choice for Bigeye
Japanese consumers. Expensive tuna is facing strong total imports
Other species
competition from more affordable salmon imported

from Norway and Chile. 8 24
7
Even though Japanese imports of frozen tuna rose 6 18
by 4.5 percent in 2017 compared to 2016, it was due 5
to higher imports of frozen skipjack and albacore for 4 12
reprocessing of bushi products (cooked, dried tuna) 3
and canned tuna.
2 6
1
Frozen loin imports to Japan, including the high-
priced bluefin tuna from the Mediterranean, 0 0
2015 2016 2017
increased in recent years to supply the seasonal
demand in the retail and catering trade. In 2017, Source: Japan Customs/INFOFISH
Japan imported 47 400 tonnes of frozen tuna loins,

23
13 percent more than in 2016, supplied primarily by
China, the Republic of Korea, Malta, Spain, Turkey Thailand | Exports | Tuna | Canned/processed
and Croatia. This total comprised 30 300 tonnes of Top three destinations
redmeat quality loins (bigeye and yellowfin) and Unit: 1 000 tonnes, January-December
17 200 tonnes of bluefin. Demand for the higher United States of America Australia
value bluefin increased during the festival months Japan Other countries
of April, May and December, but remained stable Total exports
for the cheaper red meat quality (bigeye) loins 500 595
throughout 2017, at stable prices.
400 560
300 525
European Union (Member
200 490
Organization)
100 455
Imports of frozen tuna fillets in the EU28 external 0 420
trade increased in recent years, indicating good 2015 2016 2017
sectorial demand for high value marine fish,
particularly from high-end restaurant business. Source: Thai Customs
Supplied by Viet Nam, the Republic of Korea,
Mexico, Ecuador among the top, imports increased
by 7 percent at 24 300 tonnes in 2017 compared Strong demand for value-added tuna in the EU28
with 19 200 tonnes in 2015 and 22 700 tonnes in market helped Spanish canners to increase exports
2016. During the review period, imports of chilled in 2017, especially to Italy, France, Portugal, the
and frozen swordfish fillet (which is a by-catch of Netherlands and Germany.
tuna fishing) also increased by 33 percent at 4 500
tonnes mostly supplied by Viet Nam, Sri Lanka and China sustained positive export trend by selling more
Indonesia. cooked loins for processing to its main markets, the
United States of America and the EU28.
Demand for marine fish fillet in the EU28 market has
grown despite the high prices. However, demand for World top 6 exporters and Importers of canned/
whole/dressed air-flown tuna dropped by 2 percent processed tuna, (in 1 000 tonnes)
in 2017 to 2 900 tonnes, shipped mainly from the Export percent change
Maldives, Sri Lanka, Suriname and Oman. 2017/2016
Exporters 2016 2017
Thailand 559.6 485.5 -13.2
Canned tuna trade Ecuador 180.8 218.1 +20.7
Spain 95.6 101.6 +6.3
The international trade of canned and processed
tuna in 2017 has been characterised by high raw China 89.2 91.1 +2.2
material prices, increased demand for cooked tuna Philippines 64.0 79.5 (e) +24.0
loins, decreased exports of conventional canned Indonesia 68.5 76.7 + 5.7
tuna in many traditional and emerging markets,
and increased consumer interest for higher value Import percent change
products in developed markets. Importers 2016 2017 2017/2016
USA 190.4 197.2 +3.5
Exports EU28 655.6 725.3 +10.6
Egypt 82.9 32.2 -61.1
The export trend for canned and processed tuna was Japan 60.4 62.9 +4.2
mixed in 2017. Thailand, the world’s largest producer
Australia 44.8 45.6 +1.7
of processed and canned tuna, exported less to the
world market in 2017 compared with 2016, mainly Canada 34.2 31.5 -7.8
because of declining demand in some important Source: National data.
emerging markets in the Middle East (Egypt, Libya
and Saudi Arabia) and in Southeast Asia.
Imports
The positive export trends in Ecuador and the
Philippines could be attributed to higher sales of The relatively low prices of frozen skipjack during
cooked loins as well as canned tuna to the EU28 2014–2016, generated additional demand in many
markets, supported by the preferential tariffs. More emerging markets in the Middle East. This was not
than one third of Ecuadorian exports to the EU28 the case in the large US and EU28 markets, where
consisted of cooked loins. These exports increased such boost was absent, particularly for conventional
by 34 percent from 2016 to 2017, while Ecuadorian light meat tuna in brine (skipjack and yellowfin)
exports of canned/processed tuna to the EU28 even at lower prices. This is a strong indication
market increased by 25 percent. that demand for this category of canned tuna has

levelled off in many western markets. However,
demand for higher value canned/pouched albacore Spain | Imports | Tuna | Cooked loins
has improved in the United States of America and in Top three origins
Western Europe. Unit: 1 000 tonnes, January-December
Ecuador China
Papua New Guinea Other countries
North and South America Total imports
40 100
The 2017 US imports growth resulted from
more imports of higher value albacore products 80
(+14 percent at 28 100 tonnes), showing increasing 30
consumer preference for superior quality products, 60
whereas imports of light meat tuna (skipjack and 20
yellowfin) declined by 12 percent (99 400 tonnes), 40
compared with 2016. The average import value 10
20
of light meat tuna in brine was USD 3.27 per kg
compared with USD 4.36 per kg of albacore in brine. 0 0
The major share of canned light meat tuna (68 200 2015 2016 2017
tonnes) consisted of lower value tuna in brine for Source: Agencia Tributaria
which Thailand was the key supplier. Demand for
canned tuna in the Canadian market remained
soft since 2016 and weakened further in 2017 with
falling supplies from Southeast Asian sources
United Kingdom | Imports | Tuna | Canned
USA | Imports | Tuna| Canned/prepared Top three origins
Top three origins Unit: 1 000 tonnes, January-December
Unit: 1 000 tonnes, January-December Bigeye
Bigeye Albacore Other species
Albacore Other species total imports
total imports
20 24
20 24
15 23
15 23
10 22
10 22
5 21
5 21
0 20
2015 2016 2017
0 20
2015 2016 2017
Source: Her Majesty’s Customs & Excise
Source: US-NMFS (includes cooked loins)
European Union (Member Organization)

Germany | Imports | Tuna | Canned
The EU28 market imported more than 700 000
Top three origins
tonnes of canned tuna products, including 140 000
tonnes of precooked tuna. The top five markets Unit: 1 000 tonnes, January-December
were Italy (+12.7 percent at 129 600 tonnes), Spain Albacore
Bigeye
Other species
(+28.4 percent at 121 600 tonnes), the United total imports
Kingdom (-6.7 percent at 106 900 tonnes), France
(+7 percent at 98 300 tonnes) and Germany (+20.4 20 24
percent at 84 200 tonnes). Imports increased in
these markets except in the United Kingdom. 15 23
Imports also increased in the Netherlands (+16.3
percent at 60 900 tonnes), Belgium (+11.4 percent 10 22
at 18 500 tonnes), Czechia (+12.8 percent at 6 300
tonnes), Romania (+27 percent at 50 100 tonnes) 5 21
and Hungary (+5.6 percent t 2 700 tonnes), but
declined in Poland (-20 percent at 7 800 tonnes).
0 20
2015 2016 2017
Notably, 70 percent (585 300 tonnes) of the EU28
imports of canned/processed tuna were sourced in Source: Eurostat/German Customs
non-member countries, namely Ecuador (142 300

25
tonnes, +25.3 percent), Mauritius (55 700 tonnes,
+3.2 percent), Seychelles (51 600 tonnes, -6.3 Prices
percent), the Philippines (50 100 tonnes, +40 Skipjack: Thailand
percent) and Papua New Guinea (38 100 tonnes, USD/tonne
+32.7 percent). These countries enjoy tariff privileges
in the EU28 market. 3 000
2 500
Within the EU28 countries, trade of high-value
processed tuna for direct consumption has been 2 000
strong, primarily produced by Spain, Italy, France 1 500
and Portugal. In 2017, imports of cooked loins 1 000
increased in all four counties (Spain 85 000 tonnes, 500
Italy 37 700 tonnes, Portugal 7 900 tonnes, and 0
France 7 500 tonnes). Spain is the largest producer
of high value canned/pouched tuna in Europe and
has been able to increase sales within Europe since
2013.
Asia/Pacific
Canned tuna demand was mixed in the Asia/Pacific
region. Imports weakened in many emerging Outlook
markets in Central Asia and the Middle East. The
imports increase seen in previous years in many Tuna catches have dropped worldwide and demand
medium-to-large markets in the Middle East has for processed/canned tuna finally improved by the
ceased due to the rising prices of raw material and end of first quarter in 2018, leading to increases in
to a declining local demand, associated with the frozen skipjack and yellowfin tuna prices. As of April
geopolitical unrest in the region. In addition, some 2018, fishing in the Western/Central Pacific and in
of the markets are reportedly holding unsold stocks, the Indian Ocean remained moderate. However,
and this has stopped import growth in 2017. There catch in the Eastern Pacific was reported to be poor,
were significant drops in Thai exports to Egypt, Libya, the lowest level since 2015.
Saudi Arabia, Jordan, Yemen, Kuwait, among others.
Frozen tuna inventories in Thailand are presently
Unsold stocks and high prices also affected most of still high. Canneries were closed for a week in early
the markets in Southeast Asia. Even though imports April in celebration of the water festival “Songkran”.
declined in most Southeast Asian markets, the
strong national currencies in Japan and Australia European prices for both skipjack and yellowfin
helped to sustain the positive import trends in tuna recovered, while the market price for cooked,
2017. Imports of canned/processed tuna into Japan double cleaned yellowfin loins remained stable.
increased by 4.3 percent in 2017 at 63 000 tonnes,
including 5 600 tonnes of katsuobushi (boiled/dried The impact of the rising raw material prices may
tuna loins). Japan produces high-value canned tuna, weaken canned tuna demand again in 2018.
mostly consumed in the domestic market. Imports
also improved in Australia at 45 600 tonnes (+1.7 In Japan, demand for all types of sashimi tuna is
percent), after the weakening in 2016. expected to be abrupt during the Spring Festival
months of April and May. In the West, an increase
in demand for canned and non-canned tuna is likely
Prices to take place during the upcoming summer months.
Therefore, import demand for frozen tuna fillets
Despite the worldwide dwindling demand for may increase soon.
canned tuna in 2017, the average prices of raw tuna
material remained high through the first quarter The present situation of low catches, low demand
of 2018. The average CFR Bangkok price of frozen and fluctuating prices, is causing much concern
skipjack went up to USD 1 841 per tonne in 2017, among the global tuna industry. On 27–29 May 2018,
compared with USD 1 430 per tonne in 2016, due industry leaders are scheduled to meet in Bangkok
to lower catch in the main fishing regions. Skipjack at the biennial INFOFISH Tuna Trade Conference,
prices started to drop in December 2017 (USD 1 700 where they will discuss the key issues including
per tonne) and were down to USD 1 500 per tonne sustainability, supply and markets.
in late March 2018.

GROUNDFISH
The A season for Pacific cod in the Bering Sea started

Lower quotas, on 20 January 2018, but it may be a short season,
due to the TAC reduction and to the allocation of
75 percent of the total TAC to the A season. In the
prices rising Gulf of Alaska, the TAC for Pacific cod is down by 80
percent due to a sharp fall in the biomass.
Lower quotas have been set for The Russian Federation is increasing its Pacific cod
quota by 33 percent to 80 000 tonnes. The reason for
most groundfish species like cod, the rise is that there has been a higher than expected
haddock and Alaska pollock in migration of cod into Russian Federation waters.
2018. At the same time, demand for Pacific cod is the third most important species for
groundfish is good and growing. the Russian Far East fishing fleet after Alaska pollock
and herring. However, it is not expected that this
Demand for Alaska pollock is increase in the Russian Federation Pacific cod quota
clearly increasing, especially in will have an impact on cod prices.
the United States of America, and
Canadian Atlantic cod fisheries are struggling.
consequently supplies will be tight According to the Canadian Department of Fisheries
and prices are set to go up. and Oceans (DFO), there has been a 29 percent
decline in the spawning stock biomass of northern
cod off the coasts of Newfoundland and Labrador.
This reduction has occurred in the short period of
one year. A year ago, the biomass was estimated at
440 000 tonnes, while this year the estimate is only
315 000 tonnes, and it is expected that there will be
a further decline in 2019.
Resources
The North Pacific Fisheries Management Council Processing
(NPFMC) sets total allowable catches (TAC) for more
than 20 commercial species in the Bering Sea and The Russian Federation embargo on seafood from
the Aleutian Islands. The TAC for Alaska pollock in several western countries has led the Russian Fishery
the Bering Sea was set at 1 364 341 tonnes, up by Company (RFC) to develop more value-added
19 000 tonnes compared to 2017. The TAC for Pacific products for consumers in the Russian Federation.
cod was reduced by 15 percent to 204 101 tonnes. The company has converted processing lines on
four trawlers in order to be able to produce more
Alaska pollock fillets on board. The company plans
to equip six more vessels with filleting lines in 2018.
15+6+5365
Groundfish production by selected species, The increased production capacity for frozen fillets
both wild and farmed (2016) will reduce the Russian Federation dependency on
Alaska pollock imported product.
15%
Atlantic cod
6%
Trade
Others Largerhead Norwegian cod exports marginally declined from
65% hairtail 207 800 to 206 000 tonnes in 2017 (-0.9 percent).
6%
The average export prices increased and so did the
Blue whiting value of cod exports, which rose by 4.6 percent to
5%
NOK 9.1 billion (USD 1.2 billion). The largest markets
Croakers, drums
3% were Portugal, which imported 44 000 tonnes of
Norwegian cod products. Much of this was klipfish
or salted and dried fish, which carry a very high per
kg price. Average export price for klipfish of cod
was NOK 69.94 in 2017, compared to NOK 30.76
Source: FAO for round frozen cod. Other large importers were
Denmark and China.

27
China | Imports | Cod Netherlands | Imports | Cod
Top three origins Top three origins
Unit: 1 000 tonnes, January-December Unit: 1 000 tonnes, January-December
United States of America Norway
Norway Other countries Iceland Other countries
Total imports Total imports
120 225 60 200
90 210 45 150
60 195
30 100
30 180
15 50
0 165
2015 2016 2017 0 0
2015 2016 2017
Source: China Customs Source: Eurostat
For several years, the Norwegian Seafood Council

(NSC) has been promoting “skrei”, the spring-
spawning cod caught in the Lofoten and Vesterålen
China | Imports | Alaska pollock regions in Northern Norway. The campaign has
Top three origins been a success and has increased exports of high-
Unit: 1 000 tonnes, January-December quality cod to the EU28. But this year the sales of
United States of America “skrei” have declined, while sales of “ordinary” cod
China Other countries have gone up. The NSC has not offered any good
Total imports
explanation for the change.
800 700
Exports of Alaska pollock from the Russian
Federation increased slightly from 839 400 tonnes
600 675
in 2016 to 855 700 tonnes in 2017 (+1.95 percent).
Major markets were China (601 100 tonnes,
400 650 72 percent of the total), and the Republic of Korea
(233 200 tonnes, 28 percent of the total).
200 625
China imported 677 800 tonnes of Alaska pollock in
0 600 2017, up 7.7 percent from 2016. By far the largest
2015 2016 2017 share of this came from the Russian Federation at
Source: China Customs 601 100 tonnes (89 percent of the total), while the
United States of America shipped 65 300 tonnes
(9.6 percent). Most of this imported Alaska pollock
is processed and then re-exported, and in 2017,
China exported 305 600 tonnes of pollock products,
up from 288 400 tonnes in 2016 (+6 percent). The
Germany | Imports | Alaska pollock main destinations for Chinese processed Alaska
Top three origins pollock were Germany (83 200 tonnes, -11 percent
Unit: 1 000 tonnes, January-December compared to 2016), the Republic of Korea (49 200
China United States of America tonnes, +89 percent) and the United States of
Other countries America (29 300 tonnes, -17 percent).
Total imports
100 146
Chinese imports of cod products also increased
slightly, by 3.6 percent to 208 600 tonnes. The
80 144 largest suppliers were the Russian Federation
(97 000 tonnes), the United States of America
60 142 (45 300 tonnes) and Norway (38 400 tonnes).
40 140
US exports of Alaska pollock to the EU28 fell by 6.9
20 138 percent to 131 900 tonnes during 2017. The value
decline was even greater (-7.5 percent) from USD
0 136 364 million in 2016 to USD 337 million in 2017. The
2015 2016 2017
largest single markets for US Alaska pollock in 2017
Source: Eurostat were the Netherlands, Germany and France.

Over the years, Namibia and South Africa have
China | Exports | Alaska pollock built a good stable market for Cape hake in Europe.
Top three destinations The Namibian hake fishery is expected to achieve
Unit: 1 000 tonnes, January-December MSC certification later this year, and that will help
Germany DPK maintaining a good position in the EU28 market.
United States of America Other countries Most of this fish goes to Spain and Germany.
Total exports
200 324 Before Easter 2018, there was growing demand

for haddock and cod in the UK market, and prices
150 312 were increasing. Good supplies from Iceland,
supplemented by products from Norway, Scotland
100 300 and Denmark, helped make the fish readily available
in a whitefish-hungry market.
50 288
At the retail level, there was also good demand
0 276
for haddock and cod in the UK market. Over the
2015 2016 2017 12-month period from February 2017 through
Source: China Customs
February 2018, retail sales of haddock rose 4.3
DPK refers to the Democratic People’s Republic of Korea
percent by volume and 6.7 percent by value.
Haddock prices in the United Kingdom increased 2.2
percent during the same period, while cod prices
increased by 5.5 percent.
Russian Federation | Exports | Alaska pollock Prices

Top three destinations
Unit: 1 000 tonnes, January-December Norwegian export prices for cod have been on a rising
China Republic of Korea trend since March 2017, but it has been a rollercoaster
Belarus Other countries ride. In January 2018 fresh fillet prices as well as whole
Total exports fresh prices dropped, while prices for both frozen cod
800 860 fillets and whole frozen cod increased.
600 840 The cod season in Norway started well with high
prices. In January, first-hand prices to the fishers
400 820 for fresh cod were on average up from NOK 25.18
(USD 3.20) per kg in 2017 to NOK 26.69 (USD 3.40)
per kg in 2018. Frozen cod prices climbed from NOK
200 800
28.82 (USD 3.70) per kg in January 2017 to NOK 30.96
(USD 4.00) per kg in January 2018.
0 780
2015 2016 2017 With the reduced quotas for Atlantic and Pacific
Source: Federal Customs Service of Russia cod, Alaska pollock and haddock, prices started to
rise at the end of 2017. The rising prices are also
affecting Chinese processors. Prices for H&G Atlantic
cod from the Russian Federation were quoted at
USD 3 900–4 000 per tonne, while prices for haddock
were quoted at USD 3 100–3 200 per tonne. In March
Norway | Exports | Cod 2018, cod prices had moved up to USD 4 350 per
Top three destinations tonne CIF China. Chinese processors fear that prices
Unit: 1 000 tonnes, January-December may continue to rise.
Portugal Denmark
China Other countries Demand for Alaska pollock fillets is strong, and
Total exports
during the North Atlantic Seafood Forum in Bergen
100 212
(Germany) in March 2018, one of the speakers
80 208
predicted that it would be even stronger in the
months to come. One of the reasons for this is that
60 204 Americans have caught on to the story of the “wild
Alaska pollock”, an “American” fish that competes
40 200 well with foreign products. But demand will be good
in other markets, too. According to the speaker,
20 196 demand for single and double frozen Alaska pollock
would be about 540 000 tonnes in 2018. This is
0 192 40 000 tonnes above the supply forecast.
2015 2016 2017
Consequently, supplies will be very tight, and prices
Source: Norway Bureau of Statistics will rise.

29
+
Export price
Cod: Norway
120 Fresh cod fillets
100
80
60
40 Frozen cod fillets
20
Outlook
The outlook for 2018 is for tighter supplies for
practically all groundfish species. Alaska pollock will
be in great demand but supplies will probably not be
enough. Cod and haddock supplies will also be tight,
and prices are bound to go up further, according to
industry sources. Some markets may opt for farmed
whitefish species like pangasius and tilapia, but
these species will be substitutes for the lower end
of the market.
30
© Fotolia - Miguel Garcia Saaved
CEPHALOPODS
Octopus
Continued Octopus fisheries are largely unsustainable,
according to a report released by the Sustainable
shortage of
Fisheries Partnership (SFP). According to the report,
less than 1 percent of the world’s octopus fisheries
are classified as sustainable. Among the fisheries
octopus, while
that have received sustainability certification is the
Asturias fishery in Spain and the giant Pacific octopus
fishery in Alaska. SFP calls on consumers to put
the squid
pressure on the industry to promote improvements
and points to consumers and the industry in Japan,
the Republic of Korea, Viet Nam and China to take
season looks
action to improve.
With global octopus resources being vulnerable,

the updates from researchers working on octopus
good farming are encouraging to the growing market
interest in octopus and related high prices. Scientists
from the Spanish Institute of Oceanography (IEO)
Global octopus resources have been in Tenerife and Vigo reported that their results for
taxed heavily for years, and supplies the common octopus (Octopus vulgaris) larvae have
improved the viability of octopus farming. Although
are down, which is reflected in the IEO does not claim that they have closed the cycle
reduced trade and higher prices. in captivity, they claim that their trials achieved
Chinese squid vessels have been higher survival rates than those achieved in earlier
very active in international waters experiments. However, it is undetermined how long
it will take to see commercial outcomes from this
off South America throughout 2017. research.
Squid landings look good this
season; during the first two months
Republic of Korea | Imports | Octopus
of 2018 in Argentina, landings were Top three origins
significantly up. Unit: 1 000 tonnes, January-December
China Viet Nam
Thailand Other countries
Total imports
50 90
77+11+1
Cephalopods production (2016)
40 87
Others
1% Squid 30 84
Cuttlefish
11% 77%
20 81
Octopus 10 78
11%
0 75
2015 2016 2017
Source: Korea Trade Statistics Promotion Institute
Trade
Imports of octopus to Japan declined by almost 4
percent in 2017 (54 300 tonnes) compared to 2016
(56 500 tonnes). The largest octopus supplier was
Source: FAO Mauritania accounting for 28.5 percent of the total
Japanese imports, shipping 15 500 tonnes of octopus

31
(+6.3 percent). Morocco and China decreased their The Argentine squid season was off to a good
shipments to Japan, by 17.6 percent and 4.4 percent, start this year, as landings of 22 000 tonnes of Illex
respectively. argentinus were reported during the first three
weeks of fishing. Both jiggers and trawlers reported
The Republic of Korea decreased their octopus good catches. The good fishery continued into the
imports in 2017 by almost 5 percent from 84 600 beginning of March. At the same time, larger sizes
tonnes to 80 300 tonnes, and there were major were being caught. While in January mostly size SS
changes among the suppliers. Imports from China fell were landed, in February size S were caught and in
to 39 000 tonnes (-17.2 percent), though China still March more squid of size M were landed.
accounts for almost half of the octopus imports to
the Republic of Korea. Viet Nam increased shipments January landings in Argentina were significantly up
to the Republic of Korea to 29 000 tonnes (+18.4 in 2018, totalling 17 700 tonnes, compared to just
percent). Other major suppliers were Thailand (6 700 1 000 tonnes in January 2017, though the season
tonnes, +9.8 percent), Mauritania (2 300 tonnes, -26 started a later in 2017.
percent), and Indonesia (1 100 tonnes, -9.7 percent).
The Falkland Islands (Malvinas) are concerned about
Since December 2017, Moroccan octopus prices the large fleet of squid fishing vessels targeting
have been increasing weekly. Through January 2018, the Illex squid resource about 400 miles north of
prices were higher than record prices in 2017. It is the Islands. The authorities are apprehensive that
mainly Spain that is buying at these higher prices, higher catches in these international waters will
while Italian importers have shifted to smaller affect catches in their waters. Since January 2018,
sizes that come at lower prices. But even Spanish there has been a growing number of Asian jiggers
importers are buying sizes T6, T7 and T8. fishing on these international waters. These vessels
were active even before the official fishing season
Squid
USA | Imports | Squid and cuttlefish
The SFP has also reported on the state of sustainability Top three origins
of global squid fisheries, and regrettably, the situation Unit: 1 000 tonnes, January-December
is just as serious for squid as it is for octopus. Less China Taiwan Province of China
India Other countries
than 1 percent of the global squid production is Total imports
recognized as sustainable or improving. There are
four squid fisheries (Argentina shortfin and jumbo 50 80
flying squid) from China and the Republic of Korea
operating off the coast of South America that do not 40 79
appear to be engaged in improvement efforts. These
30 78
fisheries account for as much as 20 percent of the
global production. 20 77
The Alaska Board of Fisheries is currently considering 10 76

a proposal to develop a new fishery for market squid
(Doryteuthis opalescens) in Alaska. Normally, Alaskan 0 75
2015 2016 2017
waters have been too cold for squid to thrive there,
but in recent years warm water has been pushed up Source: US-NMFS
from the south during strong El Niño years, and since
2015 market squid have been found in these waters.
Spain | Imports | Squid and cuttlefish
Top three origins
RECENT NEWS Unit: 1 000 tonnes, January-December
Falkland Islands (Malvinas) Peru
India Other countries
Business and scientific representatives from Peru, Total imports
Chile and Ecuador have established a new giant
200 300
squid management committee. The committee
for the sustainable management of the South
150 290
Pacific giant squid, Calamasur, will be working
together with the South Pacific Regional Fisheries
100 280
Management Organisation (SPRFMO), and will
be designing and operating a fisheries/biological/
50 270
environmental monitoring programme as well
as a stock assessment model. The committee was 0 260
formed in response to the absence of regulation 2015 2016 2017
of the sustainable management of the giant squid Source: Agencia Tributaria
resource.

in Argentina started on 10 January. In 2017 Illex 2016). The largest supplier was China accounting for
and Loligo catches in waters of the Falkland Islands almost 60 percent of the total US imports of squid
(Malvinas) amounted to 67 000 tonnes and 64 500 and cuttlefish with 47 400 tonnes, (+3 percent).
tonnes, respectively. This represented an increase Other large suppliers were Taiwan Province of China
over 2016 landings, but a decline compared to with 7 700 tonnes (+14.3 percent) and India with
landings in 2014 and 2015. 5 900 tonnes (+17 percent).
Chinese vessels have also been active near Peruvian In 2017, Spain was the dominant importer in Europe,
waters. The season ended in the middle of November with squid and cuttlefish imports totalling 291 500
2017, and it was estimated that from June to tonnes, 6.2 percent more than in 2016. The largest
November about 200 000 tonnes were caught. Prices suppliers were the Falkland Islands (Malvinas) with
of Peruvian giant squid on the Chinese market have 51 300 tonnes (+17.6 percent), Peru with 50 200
been rising recently. tonnes (+17.2 percent) and India with 41 000 tonnes
(+14 percent).
There is a shortage of squid in the market of the
Republic of Korea. A large Chinese fleet is fishing for
squid in the Democratic People’s Republic of Korea Prices
part of the East Sea, and this negatively affects fishing Squid: Italy
in the south. Chinese vessels started operating in the
area in 2004, starting with 140 ships. Currently, 1 238 EUR/kg
Chinese vessels are operating there. 9
Trade 6
Japanese imports of squid and cuttlefish increased 3

by 14.4 percent last year, to a total of 183 100
tonnes. The largest suppliers were China, Chile and
Peru. China shipped 100 600 tonnes, accounting for 0
an impressive 55 percent of the total. Chile shipped
14 800 tonnes (+3.3 percent), while Peru shipped
14 800 tonnes (+3.3 percent). The biggest increase
in shipments was recorded by the United States of Source: GLOBEFISH European Price Report
America, which shipped 8 900 tonnes (+214 percent). Whole, FAS, middle size, origin: South Africa
Viet Nam also significantly increased shipments of
squid and cuttlefish to Japan to 9 200 tonnes (+38.6
percent). Outlook
Imports of squid and cuttlefish to China in 2017 were It looks like octopus supplies will continue to be
stable at 293 700 tonnes, just 0.3 percent lower than tight, and consequently prices may go up. Squid
in 2016. The major suppliers registered increases. supplies, on the other hand, look good in 2018, with
Imports from the Democratic People’s Republic of good landings in South America so far. Trade should
Korea increased to 85 500 tonnes (+9.5 percent), be increasing, with China clearly in the lead as both
accounting for 29 percent of the total. The second importer and exporter. Squid prices are expected to
largest supplier was Indonesia with 50 700 tonnes stay relatively stable or decline marginally.
(+1.4 percent), followed by Peru with 45 400 tonnes
(+27 percent) and the United States of America with
27 300 tonnes (+37.6 percent). Taiwan Province of
China registered the largest increase in shipments of
squid and cuttlefish to China, totalling 22 300 tonnes
(+ 180 percent), compared to 2016.
China is also an important exporter of squid and

cuttlefish. A total of 515 700 tonnes were exported
in 2017, 5.8 percent less than in 2016. Major
markets for China were Japan (103 300 tonnes, +10.8
percent), Thailand (54 000 tonnes, -20.7 percent),
and the United States of America (51 000 tonnes, - 3
percent).
In recent years the United States of America has

become an important player in the cephalopods
market. Squid and cuttlefish imports have been
relatively stable at around 78 000–80 000 tonnes
per year. In 2017, total imports of these species
amounted to 79 400 tonnes (-0.2 percent than in

33
TILAPIA
Total tilapia exports from China experienced a
Non-traditional
marginal drop (-0.7 percent) to approximately
383 000 tonnes in 2017 compared to 2016, due to
harsh winter conditions last year. Frozen breaded
markets lead the tilapia fillet is the only category that showed
positive growth in 2017. Exports to African markets
continued to increase, representing 28 percent of
way the total Chinese tilapia exports in 2017, compared

with the 19 percent share recorded in 2012. African
markets remain interesting for Chinese investment.
Global tilapia production is Reportedly, a Chinese-owned company invested
USD 1 million in production facilities in Angola. On
estimated to have remained firm in the other hand, the share of the United States of
2017, with increases from producers America in total Chinese tilapia exports dropped
other than China, where production from 48 percent in 2012 to 33 percent in 2017,
totalling approximately 130 000 tonnes.
is estimated to have continued to
be steady. International tilapia trade Meanwhile, the rapid development of retail, cold
in 2017 grew due to demand from chain and the transportation system in China
encouraged increased domestic consumption of
many non-traditional emerging tilapia. This fish is being consumed in a variety of
markets namely Africa and Asia. In ways, including live, whole fresh, fillet, and used as
2017, global tilapia exports (fillet and a base for preparations such as fish balls and fish
cakes.
whole frozen) were close to 330 000
tonnes, while global tilapia imports
(fillet and whole frozen) reached United States of America
approximately 360 000 tonnes. In the The US market weakened further in 2017 despite
main markets of the United States lower average import prices indicating a decrease
of America, Mexico, Côte d’Ivoire in consumer demand. Total tilapia imports fell to
and the Islamic Republic of Iran, 175 137 tonnes, a nearly 7 percent drop from 2016.
Imports declined from most major sources including
there were declines, while there was China, the largest supplier (130 000 tonnes), during
revival in the EU28 market. African the review period.
countries continue to absorb more
tilapia from imports, while domestic
markets of producing countries in
Asia absorb more tilapia from local USA | Imports | Tilapia
Top three origins
production. Unit: 1 000 tonnes, January-December
China Taiwan Province of China
Honduras Other countries
Total imports
200 240
150 180
China
100 120
In 2016, tilapia production grew by 4.88 percent
to reach 1.86 million tonnes, FAO Fishstat reports. 50 60
Industry sources estimate that the total production
of tilapia in China during 2017 remained firm amidst
the declining demand from the US market and the 0 0
several typhoons, which hit China last year. 2015 2016 2017
Source: US Census Bureau

Other countries, such as El Salvador, are aiming
Prices to promote this popular species. For example, the
Tilapia: USA Ministry of Agriculture and Livestock offers free
technical assistance to Salvadoran fish farmers at all
USD/lb stages, from pond construction to harvest.
6
4 RECENT NEWS
2 The Peruvian National Fisheries

Health Agency (SANIPES) confirmed
0 the presence of TiLV in Piura and San
Martin regions, but the government
explained that it does not threaten
or endanger public health. Since
Chilled tilapia fillets: Primary wholesale, NY, USA, origin: Costa June 2017, an Emergency Plan was
Rica; Frozen tilapia fillets: 3-5 oz/lb, EXW NY, USA, origin: China implemented after FAO issued a
Source: INFOFISH Trade News special alert about the appearance
of the disease. At that time, TiLV or
unusual mortality was not detected.
By the end of 2017, unusual mortality
Latin America was observed both in the farming and
the wild sectors. People involved in
Brazil is the fourth main tilapia producer worldwide tilapia production are being trained
behind China, Indonesia and Egypt, producing in preventive controls to reduce
357 600 tonnes in 2017, a 13 percent increase from risks. Regional authorities were
the previous year, according to the Brazilian Farming asked to restrict international and
Association. Tilapia accounted for 51.7 percent of
interregional border movement of
Brazilian aquaculture fish production, surpassing
native fish, carp and trout. The aquaculture industry live tilapia in all their life stages.
in general registered an increase of 8 percent.
Parana was the biggest state producer of tilapia
(105 300 tonnes), followed by São Paulo (66 100
tonnes) and Santa Catarina (32 900 tonnes).
Presently, this production is going almost exclusively European Union (Member
to the domestic market.
Organization)
Honduras exports of seafood products was valued
at USD 300 million in 2017, according to data from Imports to the EU28 of total tilapia (whole and fillet)
the Ministry of Agriculture and Livestock, with the increased to 28 300 tonnes in 2017, 5.3 percent
boost of shrimp and then tilapia. Local producers more than in 2016. Comparatively weaker average
reported that enough red tilapia (Oreochromis import prices stimulated this increase, particularly
mossambicus) stocks are available to supply the from China, which supplied 78 percent of the total
domestic market starting in early March 2018, EU28 imports. Average import price of frozen fillet
after a shortage and high prices (increases up to from China was USD 2.65 per kg compared to
USD 1.56 per pound in the north and central part of USD 2.75 per kg in 2016. Within the EU28, Poland
Honduras) were registered due to low temperature surpassed Spain and became the largest market for
and rain in the main farming areas. In Honduras, tilapia, importing 4 700 tonnes in 2017, compared
warmer temperatures are expected to accelerate with 3 200 tonnes the year before. Meanwhile,
sizes and reach commercialization weights to Brazilian producers are now targeting the EU28
enter the market. Supply normalized to meet the market for tilapia and actively seeking partnerships,
demand during Easter. Tilapia production is one of though official export figures are still unavailable.
the activities that contribute most to the national
economy.
Asia
CONAPESCA announced that Mexico is now
generating 25 percent of the total Latin American The region continues to be the main producing
production of tilapia due to their public policies and region, as tilapia is popular and widely consumed
producers’ efforts. Authorities believe that training in a variety of preparations. Nearly the entire Asian
promotion and adoption of technology should production from producers aside from China enters
continue, which in addition to the effort of the the domestic market. Regional production of tilapia
producers, will allow the country to be ranked as a increased to 4.25 million tonnes in 2016 (+2 percent
productive power in a few years. compared with 2015), according to latest FAO
statistics. Seven producers from Asia were among the

35
top ten global producers, namely China, Indonesia,
Bangladesh, Philippines, Viet Nam, Thailand and
Taiwan Province of China. Strong domestic demand
in these countries likely led to a marginal increase in
their tilapia production in 2017.
In 2017, total exports from Asia amounted to nearly

310 000 tonnes, marginally declining from 2016, as
more production entered domestic markets. Taiwan
Province of China, once the leading exporter of
tilapia, exported close to 23 000 tonnes of tilapia in
2017, nearly 80 percent of which was whole frozen
tilapia shipped to the major markets of the United
States of America and the Middle East.
Chinese exports of frozen tilapia
January - December
2015 2016 2017

(1 000 tonnes)
Frozen fillets
United States of America 84.0 62.5 57.9
Mexico 24.0 28.9 21.1
Iran (Islamic Republic of) 10.7 16.4 13.5
Other countries 34.5 38.6 44.0
Total 153.3 146.4 136.6
Frozen whole
Cote d'Ivoire 20.8 29.5 27.4
Burkina Faso 6.9 3.5 7.5
Total 132.7 132.8 131.6
Source: TDM
Outlook
Current high ex-farm prices in China mainly due
to soaring demand during the Chinese New Year
in February is expected to soften as production
increases from May onwards. When production
levels increase in the coming months, which will
likely lead to lower prices, demand in the traditional
major markets will rise.
African markets continue to be poised for further

growth. Asia will continue to be the main contributor
of global production driven increasingly by a strong
domestic demand.
In Brazil, tilapia production is expected to grow up

to 15 percent in 2018, with more farmers focused
on the species. As Brazilian producers now target
the EU28 market for tilapia, there will be a future
alternative source in the global market besides
China and other Asian countries.
36 GLOBEFISH Highlights | April 2018 © Fotolia -yodaswaj

PANGASIUS
dumping ruling would affect the brand name, image

and prestige of Vietnamese tra fish in the international
Asia and Latin market, as well as business and production strategies
of local firms. The agency suggested domestic tra
America lead the fish businesses proactively shift to other markets
such as China, Brazil, Mexico, Colombia and ASEAN,
way, tight supplies while also upgrading production conditions to
improve the quality and safety of products to meet
regulations set by importers. In addition, those
keep prices up businesses should reduce prices, diversify products,
and increase the volume of value-added products,
to reduce unhealthy competition that affects the
Prices of pangasius fillet continue quality and price of Vietnamese tra fish in the global
to soar with the strong demand market. Meanwhile, a source from the industry said
that pangasius producers are also now increasingly
from China coupled with shortage producing smaller size fillet to cater to its growing
in supplies. In 2017, average import demand in the US market.
prices in international markets
ranged between USD 1.35–4.10 per
kg. Approximately 540 000 tonnes
of pangasius (whole and fillet) RECENT NEWS
entered the international market
in 2017. The US and EU28 markets Following the completion of an anti-
remain weak, while positive growth dumping investigation on 15 March
persists in Asia, the Pacific and 2018, the US DOC has decided to impose
a higher tariff on Vietnamese pangasius.
Latin America, the largest regional The new tariff stands at USD 7.74 per
markets for pangasius. Viet Nam, kg on products from the two companies
the leading producer of pangasius that were subject to the investigation.
targets to earn USD 2 billion from Other exporters face a fee of USD 3.87
exports in 2018, amidst facing per kg, the highest tax the United
States of America has ever imposed on
higher anti-dumping duties by the Vietnamese pangasius. The Viet Nam
US Department of Commerce (DOC). Association of Seafood Exporters and
Producers (VASEP) announced that Viet
Nam will bring the matter to the US
Court of International Trade as soon as
possible and described DOC’s decision
Viet Nam as “punitive, unfair, and unlawful.”
Viet Nam Ministry of Industry and Trade
Total exports of pangasius from Viet Nam in 2017
(MOIT) also called on the United States of
were valued at USD 1.78 billion, up 4.3 percent
against 2016, the Viet Nam Association of Seafood America to review the decision to make
Exporters and Producers announced. The United sure it is fair for Vietnamese companies.
States of America remains the single largest The ministry said it is working with
market although exports declined by 11.1 percent VASEP and other relevant agencies “on
in value. Among the markets that showed positive measures to ensure the legitimate rights
growth were China, Hong Kong SAR, Association of and interests of the local exporters.”
Southeast Asian Nations (ASEAN) markets, Brazil, Viet Nam has also filled a complaint with
Mexico and Saudi Arabia. the WTO to challenge US restrictions on
imports of pangasius from Viet Nam.
According to the Agro Processing and Market
Development Authority (APMDA) under the Viet
Nam Ministry of Agriculture and Rural Development
(MARD), the United States of America’s recent anti-

37
United States of America Demand for pangasius in most parts of Asia remains
firm considering the affordability of the species. The
Higher prices and lower demand resulted in introduction of pangasius to Asia by the Vietnamese
decreased imports of pangasius in the US market in has also made the consumption of this fillet popular
2017. However, frozen catfish fillet imports increased in the region.
from sources other than Viet Nam in 2017, namely
China, Myanmar, Indonesia, India and Bangladesh.
In total these countries supplied the US market USA | Imports | Catfish
with close to 6 000 tonnes during 2017, while total Top three origins
imports of frozen pangasius from Viet Nam dropped Unit: 1 000 tonnes, January-December
by about 19 percent to 106 000 tonnes. Vietnamese Viet Nam China
industry sources reported that there is a growing US Myanmar Other countries
demand for smaller size fillets, which is leading to its Total imports
increased production. Higher anti-dumping duties 150 150

imposed by US DOC on pangasius imports from
120 120
Viet Nam will likely impact imports further. Average
import prices of frozen pangasius strengthened from 90 90
USD 2.93 per kg in 2016 to USD 3.43 per kg in 2017.
60 60
Latin America 30 30
The region continues to be among the largest 0 0

markets for Vietnamese pangasius, with Mexico 2015 2016 2017
and Brazil taking 75 percent of the market share. Source: US Census Bureau
Average lower import prices in 2017 encouraged
higher imports during this period. Mexico imported
close to 60 000 tonnes (+4 percent than in 2016) and
Brazil imported approximately 45 000 tonnes (+28 Spain | Imports | Catfish
percent). Average import prices ranged between Top three origins
USD 1.80–1.90 per kg in comparison to USD 1.90– Unit: 1 000 tonnes, January-December
2.00 per kg in 2016. Viet Nam Netherlands
Germany Other countries
Total imports
Asia and the Pacific 25 30
New Zealand and Australia are important markets in 20 24

the Asia Pacific region, where imports of pangasius
15 18
have been increasing. Combined imports of both
markets reached close to 7 000 tonnes in 2017 with 10 12
Australia taking 85 percent of the market share.
Australian imports of pangasius overtook imports 5 6
of hake fillets, stimulated primarily by affordable
prices. 0 0
2015 2016 2017
Demand for pangasius in the Japanese market Source: Agencia Tributaria
increased steadily. In spite of the higher average
import prices (USD 3.30 per kg) in 2017 compared
with 2016 (USD 3.15 per kg), imports grew by nearly
50 percent to 6 100 tonnes in 2017. Outlook
China has emerged as the fastest growing market for Demand from markets other than the US and EU28
pangasius in the Asia Pacific region in the last two markets (namely China, Asia and Latin America)
years, with imports almost doubling to reach 53 500 will likely be drivers of demand and thus lead to
tonnes in 2017. China became the largest market production growth in Viet Nam. There will be also
for pangasius (whole and fillets) in Asia, overtaking increased production of smaller size fillets for the
Thailand. US market. Nevertheless higher anti-dumping duties
imposed by the DOC on pangasius imports from Viet
Imports of pangasius frozen fillet into India have Nam will possibly have an impact on imports into
been steadily increasing, reaching 15 100 tonnes the US market. Industry sources expect prices to
in 2017 from 3 000 tonnes in 2014. Pangasius strengthen this year.
fillet is predominantly consumed through the
catering trade. Local production of pangasius is also
increasing with an estimated 30 000 tonnes in 2017.

BASS & BREAM
Exports of farmed bass and bream by major producing

Sector undergoing countries Greece and Turkey rose in 2017, backed by
historically high production following a multi-year
structural changes restructuring of the Greek sector and rapid expansion

of the Turkish industry. According to estimates
published by Kontali, total harvests for all producers
as production combined reached 157 200 tonnes for seabass and
191 000 tonnes for seabream in 2017, with Greece
and Turkey accounting for 69 and 64 percent of
surplus continues these totals, respectively. These figures represent
new peaks for both species, and the additional
to dampen prices supply kept pressure on prices in all major markets
throughout the year, particularly for seabream. A
severe price decline has so far been avoided, due to a
The Mediterranean seabass and combination of mitigating factors. In Turkey, margins
have been relatively good due to continued currency
seabream aquaculture industry, led depreciation that has protected exporters from price
by Greece and Turkey, is currently declines and made Turkish fish much cheaper for the
experiencing a rise in investment majority of buyers. Also of importance was the partial
activity, horizontal consolidation recovery of the Russian Federation market and the
success that Turkish exporters have had in developing
and vertical integration. Such new markets in the Middle East, in countries such
development is taking on new as Lebanon, the United Arab Emirates and Israel. A
importance as the pace of supply general improvement in economic conditions in the
core European markets such as Italy, Spain, France
growth threatens to overwhelm and the United Kingdom has also played a part in
demand. increasing demand just enough to prevent extensive
damage to producer margins.
In Greece, the sale of two of the largest seabass

and seabream aquaculture companies, Nireus and
Selonda, is expected to be finished in the coming
months. Although the details of the deal have not
yet been finalized, the end result is expected to be
the consolidation of the Greek sector, which should
in turn lead to increased efficiency due to economies
of scale and a greater degree of price control.
This is the latest step towards increased strategic
coordination by the Greek industry, which has come
19+18+1548
Seabass and seabream production (2016) to recognize the need for large-scale co-operation
between all stakeholders in order to maintain their
European seabass competitiveness in a market that has an increasing
19% number of newer players, mainly in Turkey, but also
in other Mediterranean countries such as Croatia and
Malta. Efforts to achieve this began in 2016 with the
establishment of the Hellenic Aquaculture Producers
Gilthead
Others Organization (HAPO), whose members produce 80
seabream
48%
18% percent of Greece’s farmed bass and bream. Focus
has now shifted towards marketing, specifically
the creation of a national brand that differentiates
Greek fish from cheaper alternatives, primarily by
emphasising its quality and origin. Greek producers
Japanese are simply unable to compete on price terms
seabass with major competitors such as Turkey and this is
15% particularly problematic in emerging markets where
price is often the primary concern. However, the
Source: FAO development of a national brand and the continuing
expansion of the organic and sustainability certified

39
product line will help Greek marketers to protect and
grow their own distinct market segment. Turkey | Exports | Seabream | Fresh
Due to relatively favourable prices and profit margins, Unit: 1 000 tonnes, January-December
2017 was a good year for the Turkish seabass and Netherlands Italy
seabream sector. Ex-farm prices for seabream were Other countries
relatively better than those for seabass. Profit Total exports
margins encouraged the sector to plan for capacity

20 40
expansion through investment in new potential sites.
Environmentalist groups opposed the allocation and
operationalization of new sites in the Aegean and 15 30
Eastern Mediterranean of Turkey. Site allocation in the
Aegean region was resolved by the end of 2017. New 10 20
production sites (45 000 metric tonnes of licensed
capacity) in the Aydin Province will be operative by 5 10
the end of 2018 or early 2019. This has the potential
to increase supply by 45 000 metric tonnes of seabass 0 0
and seabream, which could be entering the market 2015 2016 2017
in 2020 or 2021. According to industry sources, in Source: Turkey Statistical Institute
lack of an efficient market promotion and marketing
strategy, this additional supply has the potential
to put pressure on prices. Allocation of potential
aquaculture sites in the Eastern Mediterranean
region of Turkey, namely Mersin, is still pending.
Greece | Exports | Seabass | Fresh
During the first quarter of 2018, seabass prices were in Top three destinations
the range of USD 3.98–4.50 per kg depending on size Unit: 1 000 tonnes, January-December
category. Starting in March, prices were higher due to Italy Spain
a decline in stocks and availability and they expected France
Total exports
Other countries
to soon reach USD 5.5 per kg. Seabream prices

continued to be satisfactory during the first quarter 25 50
of 2018, at about USD 5.10 per kg since January. The
devaluation of Turkish Lira (YTL) continued during 20 40
this period and it is likely that a weak YTL in 2018 will
favour exports rather than domestic sales. 15 30
10 20
Markets 5 10
0 0
Italy 2015 2016 2017
Source: Eurostat
Italy was the largest European market for seabass and
seabream, absorbing an estimated 77 100 tonnes
of both species combined in 2017. The majority of
Turkey | Exports | Seabass | Fresh Greece | Exports | Seabream | Fresh

Top three destinations Top three destinations
Unit: 1 000 tonnes, January-December Unit: 1 000 tonnes, January-December
Italy Lebanon Italy Spain
Netherlands Other countries France Other countries
Total exports Total exports
30 50 25 54
24 40 20 51
18 30 15 48
12 20 10 45
6 10 5 42
0 0 0 39
2015 2016 2017 2015 2016 2017
Source: Turkey Statistical Institute Source: Eurostat

this volume consisted of Greek fish, supplemented domestic production, driven by continuing investment
by Turkish supply in the lower priced segment and into the sector, offset a slight drop in bream imports.
by domestic production for the higher end product Prices for both seabass and seabream were lower at
range. Smaller producers such as Malta and Croatia Spanish wholesale markets in Barcelona and Madrid,
are also supplying rising volumes to the Italian particularly for smaller sizes, with the drop relatively
market. Italian imports rose in 2017 as improving more pronounced for bream than for bass.
economic fundamentals boosted demand, with
Italy the top destination for both Turkish and Greek
exports. For seabream, 2017 prices remained well France
below those observed in 2016 for the majority of the
year, reflecting the effect of higher harvests in both French imports of seabass and seabream rose by 9
Greece and Turkey as well as domestically. Bass prices and 12 percent, respectively, in 2017, with Greece
were also lower and declined steeply in the second supplying the majority of this volume and Spain the
half of 2017. second placed supplier. Less expensive fish from
Turkey is becoming more popular with French buyers,
although the Turkish share of the French market
Italy | Imports | Seabass | Fresh was smaller than in other large European markets.
Top three origins Economic expansion was the primary reason behind
Unit: 1 000 tonnes, January-December strong French demand and relatively firm prices.
Greece Turkey
Other countries
Total imports
Other markets
18 27
The Portuguese market for bream has expanded
15 rapidly in recent years, outgrowing the small
26
12 domestic sector to the point where 14 000 tonnes
of imports were required to meet demand in 2017.
9 25 Approximately 40 percent of this volume was supplied
6 by Greece, with Spain and Turkey supplying 34 and
24 21 percent respectively. Bass imports have also risen,
3
although not to the same extent. Meanwhile, the
0 23 Russian Federation market has shown some signs
2015 2016 2017 of recovery, a welcome development for Turkish
Source: ISTAT - National Institute of Statistics exporters. In the United Kingdom and the United
States of America, demand for bass, particularly
Turkish seabass, continued to grow, while seabream
import volumes stagnated.
Italy | Imports | Seabream | Fresh

Top three origins Outlook
Unit: 1 000 tonnes, January-December
Greece Turkey Typically, the annual upturn in seabass and seabream
Malta Other countries prices is kickstarted by the arrival of Easter and
Total imports
associated demand. In 2018, however, reports from
the European market suggest that prices are still
20 35
sluggish and fish are plentiful. Merger and acquisition
activity is expected to continue across the sector,
15 32 including in Turkey, with large investment funds and
multinational corporations playing an increasingly
10 29 important role in driving consolidation. Ongoing
vertical integration, whereby aquaculture companies
5 26 acquire feed and juvenile production facilities,
is also contributing to the changing structure of
0 23 the industry. Broadly speaking, the seabass and
2015 2016 2017 seabream sector is following a similar path to that
Source: ISTAT - National Institute of Statistics of the farmed salmon sector, which has grown into a
large, profitable, global industry. The shift towards a
more coordinated international marketing campaign
is also comparable to the salmon sector, although
Spain on a significantly smaller scale. In the shorter term,
however, the continuing firmness of demand, and the
Consumption of bass and bream was relatively high relative stability of prices, will be more dependent on
in Spain in 2017 as strong economic growth saw good economic conditions in core markets.
consumer spending rise and lower prices increased
the relative attractiveness of bass and bream
compared with alternative seafood items. Higher

41
SALMON
Top three global producers of farmed Atlantic

Steep price slide in salmon
Unit: 1 000 tonnes
the second half of Norway

United Kingdom
Chile
Other countries
2017 brings some 1 600 2 400
stability back to 1 200 2 320
the market 800 2 240
400 2 160
A general shortage of farmed
Atlantic salmon persisted 0 2 080
2015 2016* 2017*
throughout the first six months
of 2017 and prices remained high Source: FAO (until 2015), *estimate
after the record heights reached
at the end 2016. From midsummer
Norway
onwards, however, the release of
large quantities of backed up supply After a 5 percent drop in 2016, Norwegian farmed
volumes onto the market brought Atlantic salmon production rebounded in 2017,
driven by improved biological performance and
prices down to levels not seen since good water temperatures over the summer
late 2015, restoring some degree of months. The total harvest of 305 million fish was
balance to a still booming sector. 3 percent higher than the previous year, although
these volumes were heavily concentrated towards
the latter half of 2017. Although a spike in harvest
volumes in the third quarter is typical in Norway,
this was an abnormally large quantity of fish for
the market to absorb over such a short period of
time and prices inevitably suffered. Starting at their
highest point of almost NOK 80 per kg at the start of
2017, Norwegian salmon export prices fell steeply
from June onwards, bottoming out at around NOK
Salmon production by species, both wild and 45 per kg in early December.
69+10+9651
farmed (2016)
Despite the rapid price decline later in 2017,
Coho salmon 5% Others 1% relatively higher prices earlier in the year translated
Atlantic salmon
Sockeye salmon 69% into a higher average export price of NOK 56 per kg
6% compared with NOK 54.5 per kg in 2016. Norwegian
total salmon export revenues of NOK 64.7 billion
Chum salmon for the year set a new record, supported by slowly
9% accelerating economic growth in a number of
important markets and a diversification of its export
Pink salmon destinations. The EU28 remains by far the largest
10% market for farmed Norwegian salmon, but its
share of total value dropped to 71 percent in 2017,
compared with 74 percent in 2016. Demand in the
EU28 has increased due to improving economic
conditions, but exceptionally high prices have driven
some consumers away from salmon. In contrast,
Source: FAO Asian markets increased their share, as did the US
market. China and Norway resumed Free Trade

Agreement (FTA) negotiations in 2017, and Norway’s prices peaked at near NOK 80 per kg in the second
access to this key market has improved after being quarter of 2017, but had fallen back to around NOK
restricted as a result of political disputes. Norwegian 55 per kg by early 2018.
fresh salmon exports to China are currently subject
to a 10 percent tariff. China and the United States of
America are being actively targeted by the Norwegian Chile
industry due to the size and future growth potential
of these two markets. Norway is also diversifying Chilean salmon industry is showing positive progress
into new markets for its farmed salmon such as Viet in environmental, health, productive and economic
Nam, the Republic of Korea and Thailand. terms due to the measures implemented by the
Government. Around 58 percent of the farming
Forecasts for Norwegian farmed Atlantic salmon centres presented excellent health performance,
production growth in 2018 were optimistic earlier with less than 10 percent losses in their productive
in the year, with some analysts anticipating an cycle. In the midst of this growth, there were mergers
increase of as much as 10 percent. However, colder and acquisitions, investments and expansion plans
than expected water temperatures and related in the business sector.
mortalities led to a relative scarcity of fish towards
the end of March 2018 and prompted downward At the end of 2017 Chilean production of farmed
revisions of those forecasts. At the same time, the salmon had recovered to the events of 2016.
response of prices to Easter demand demonstrated Around 582 000 tonnes of Atlantic salmon were
the continuing strength of consumer demand for harvested in 2017, 15.2 percent more than in 2016,
farmed salmon, pushing the Fish Pool Index for fresh and representing 73.6 percent of the overall Chilean
whole salmon back up to NOK 71 per kg by week 10. fish harvest. Roughly 75 000 tonnes of rainbow trout
Fish Pool forward prices for the second quarter have were produced, 4.1 percent higher than in 2016, and
risen to NOK 70 per kg, although in the latter half 9.5 percent of the total fish harvest. Pacific salmon
of 2018 supply is expected to be sufficient to keep harvest levels reached 134 000 tonnes during 2017,
prices down around NOK 55–57 per kg. representing a remarkable 35 percent growth
compared to 2016, and 16.9 percent of the total fish
Although the supply of farmed Norwegian harvest.
trout received a boost from the same positive
environmental and biological conditions affecting The Central Bank of Chile reported salmon exports
salmon growth in the second half of 2017, biomasses worth USD 4 622 million during 2017, 19 percent
remained at low levels relative to historical norms higher than the USD 3 866 million in 2016.
and total exports were down 41 percent in volume
and 27 percent in value in 2017. Fresh farmed trout
Norwegian exports of salmon Chilean exports of salmon

January-December January-December
1 000 tonnes 1 000 tonnes
2015 2016 2017 2015 2016 2017
Fresh Fresh
Poland 137.7 137.9 129.7 United States of America 99.5 96.1 95.3
France 119.0 111.7 100.8 Brazil 80.6 67.8 73.1
Denmark 76.5 72.9 84.2 China 6.7 13.5 11.2
Other countries 616.8 575.6 601.2 Other countries 12.6 11.9 13.3
Total 949.8 898.1 916.0 Total 199.4 189.3 192.9
Frozen Frozen
Sweden 9.9 9.4 10.9 Japan 112.6 82.6 95.8
United States of America 9.0 7.4 10.7 Russian Federation 56.4 45.8 40.1
Israel 5.7 4.5 6.5 United States of America 16.0 17.6 18.8
Total 72.8 71.6 65.8 Total 295.3 249.7 256.5
Prepared Prepared
Australia 0.7 0.6 0.7 United States of America 1.9 1.3 1.4
United States of America 0.1 0.1 0.2 Japan 0.1 0.0 0.3
Italy 0.2 0.2 0.2 Canada 0.2 0.2 0.2
Total 2.4 2.2 2.5 Total 2.9 2.1 2.5
Source: TDM Source: TDM

43
Regarding disease problems, an intense growth in Wild salmon
the flowering of harmful algae set off the alarms
in the region of Aysén and south of Los Lagos. This Russian Federation harvests of wild salmon reached
abundance increased in rates that were not seen 353 000 tonnes in 2017, a decrease of 6 percent
for the past nine years. Other areas have witnessed compared with 2015, the last comparable year.
this issue and the event is comparable to the one Meanwhile, reports from Alaska put the 2017 total
occurred in 2009. This has worn the salmon farming at 473 000 tonnes, 3 percent less than in 2015. The
industry although no significant mortalities have projected total harvest for the coming season in
been recorded yet. Alaska is 34 percent lower, although this is mainly
due to the typical drop in pink salmon harvests in
Some analysts forecast that the industry will grow even-numbered years. In the Russian Federation,
about 6 percent during the next two years, compared however, a record-breaking pink salmon harvest
with the previous productive period, taking into has been forecasted, pushing the total to 492 000
account all measures applied. The observed tonnes, with pink salmon catches contributing 69
harvests growth and the price improvement offer an percent of this total.
encouraging outlook, and is ideal for new mergers
and/or acquisitions.
Markets
United Kingdom Global demand for seafood was raised in 2017 by
strengthening economic fundamentals in both
The Scottish salmon farming industry has established developed and developing markets, and the salmon
a firm foothold in Europe, particularly in France, in industry has benefitted, despite higher prices for
the United States of America and in China. Exports to both farmed and wild. In particular, the EU28, the
all three countries rose in 2017. This diversification United States of America and Japan all increased
of core markets combined with high prices, booming their imports in 2017, while China, Viet Nam,
demand and a weaker currency has created ideal Thailand, the Republic of Korea and the Philippines
conditions for rapid export revenue growth and led the expansion in Asia. The economic recoveries
good profits. However, sea lice and environmental in Brazil and in the Russian Federation are evident
issues remain a concern for the industry and a focus in their import statistics, each importing 12 percent
for negative media coverage. In the second quarter more salmon imports in 2017 in US dollar terms.
of 2018, UK exporters have reported the same price The combined capacity of these markets to absorb
spike as their Norwegian counterparts on the back the exceptionally large quantities of farmed salmon
of strong Easter demand. produced in the second half of 2017 without a
severe price crash is evidence of the continuing and
The first market for Scottish salmon continues to increasing popularity of salmon in a geographically
be the United Kingdom. For UK consumers, salmon diverse range of countries. Salmon’s versatility
remains the number one seafood choice, although and nutritional qualities allow marketers to align
prices at retail level rose 16.6 percent in 2017, themselves with the broader consumer trends of
according to Nielsen. Total volume sold dropped by health and convenience, and to ensure that salmon’s
10 percent to 51 600 tonnes but total value was up popularity grows together with cuisine styles such as
by 4.6 percent to GBP 916 million. poke and sushi that are becoming more widespread,
particularly amongst the younger demographic.
France
UK | Exports | Salmon
Top three destinations France is the largest single European market for
salmon, with Norway and the United Kingdom
Unit: 1 000 tonnes
France United States of America its leading suppliers. In recent years, Norway has
China Other countries become a less important supplier, and these volumes
Total exports
have been replaced by Scottish salmon. Origin-
50 126 sensitive French consumers increasingly prefer
Scottish farmed Atlantic salmon, some of which
40 119 bears the French Label Rouge quality mark. In 2017,
surplus volumes late in the year and the resulting
30 112 price decline brought some relief to processors that
have suffered from high raw material costs. Reports
20 105 from the industry indicate better than expected
end-of-year smoked salmon sales and improved
10 98 consumer confidence.
0 91
2015 2016 2017
Source: Eurostat

Germany US imports of salmon
January-December
German consumers generally favour smoked
salmon, which represented 37 percent of the total 1 000 tonnes
value of German salmon imports in 2017 in US dollar 2015 2016 2017
terms. However, a rise in imports of fresh whole
Atlantic salmon from Norway reflects the growing Fresh
popularity of fresh salmon products, helped by Chile 100.3 99.2 102.3
concentrated marketing efforts by discount retail Canada 85.9 92.8 83.3
chains and demand from sushi and poke food Norway 28.3 29.7 36.9
service establishments. High prices have affected
sales volumes across all products in the German Other countries 31.7 31.9 38.1
market, but total revenue continues to increase. Total 246.1 253.6 260.7
Germany, along with multiple other EU28 markets, Frozen
is expected to benefit from accelerating economic
growth in 2018, and the outlook for salmon demand China 33.8 35.5 39.5
remains positive. Chile 31.5 30.5 34.5
Norway 9.9 8.4 11.9
Germany | Imports | Salmon Other countries 7.3 10.0 9.4
Top three origins Total 82.6 84.5 95.3
Unit: 1 000 tonnes
Prepared
Norway Poland
Denmark Other countries Thailand 4.8 4.2 4.8
Total imports
Chile 1.9 1.6 2.5
80 190
China 2.4 1.9 1.7
60 180
Total 14.7 13.9 15.2
Source:TDM
40 170
20 160 Japan
Although seafood demand is generally on a long-
0 150
term declining trend in Japan, demand for salmon
2015 2016 2017
has remained relatively strong. Japan imports
Source: Eurostat farmed coho salmon from Chile, farmed Atlantic
salmon mainly from Norway and wild sockeye
salmon from the Russian Federation and the United
United States of America States of America. Prices rose for all these species
in 2017, but Japanese import volumes were largely
Although revitalized economic growth resulted in unaffected, indicating a firm underlying demand.
higher salmon imports in many important markets In 2018, Japanese importers are being helped
in 2017, it is the United States of America where by a recovering yen and demand should remain
the effect of improving economic fundamentals
on salmon demand has been particularly evident.
Despite its growing popularity, there is still Japan | Imports | Salmon
significant potential for higher consumption of Top three origins
salmon among the US population, estimated most Unit: 1 000 tonnes, January-December
recently at around 620 g per capita per year (source: Chile
USDA). Import volumes have continued to rise even Norway
Total imports
Other countries
as prices have soared and competition for supply

has intensified globally. The total value of US salmon 120 215
imports in 2017 was 16.5 percent higher than the
previous year, and 38.1 percent higher than in 2015. 210
90
Although Chile remains the top supplier, a number
of other farmed salmon producers, including 205
Norway and the United Kingdom, have been 60
directing a higher proportion of their production 200
to the booming US market. The development of a 30
salmon aquaculture sector in the United States of 195
America was set back in early 2018, however, after
a bill was passed to ban Atlantic salmon farming in 0 190
2015 2016 2017
Washington state waters.
Source: Ministry of Finance and the Customs

45
strong in a stable economic environment. However, systems such as closed-containment are not yet
competition for volumes is strong, and even the viable on a large scale. Given the trajectory and
Japanese staple, farmed coho salmon from Chile, is geographic extent of market expansion, aggregate
now increasingly wanted by buyers in a number of demand should continue to be more than sufficient
other countries such as the Russian Federation and to absorb current volumes at profitable prices for
various East and Southeast Asian markets. producers, so long as relatively stable economic
conditions persist in core markets, including in
large emerging markets such as Brazil, the Russian
Prices Federation and China. However, ongoing efforts
Salmon: France to address consumer concerns regarding the
EUR/kg environmental impact of salmon farming will be
necessary to ensure the continued popularity of
8 salmon products, particularly amongst the younger
demographic in developed markets.
6
Fresh, gutted, HO, 3-6 kg/pc, origin: Norway

Source: GLOBEFISH European Price Report
Prices
Trout: Italy
EUR/kg
6
Trout: Salmos pp.

4
2
Rainbow Trout: Oncorhynchus
mykiss
0
Ex-farm price from Norway

Outlook
Previous forecasts for some 8 percent growth
in global farmed Atlantic salmon production
volume in 2018 now look to have been somewhat
optimistic. Colder water temperatures and higher
than anticipated losses are expected to negatively
affect total harvests in European waters, while
algal blooms in Chile may have the same effect.
Meanwhile, a jump in wild salmon catches in the
Russian Federation should be offset at the global
level by a reduction in Alaskan catches in 2018. In
the longer term, investment into new aquaculture
sites, for example in Iceland and Eastern Canada,
should not have a significant impact on total supply
for some years to come, and alternative farming

SMALL PELAGICS
In 2017, supplies of frozen mackerel to the European
Lower mackerel
market increased slightly to about 150 000 tonnes.
Shipments from Norway declined marginally,
while arrivals from Iceland increased significantly.
and herring
Supplies to the Asian markets increased even more,
with Norway clearly in the lead as the main provider
accounting for more than 80 percent of supplies
prices
to these markets. The two largest importers of
mackerel in Asia were China and Japan and both
increased the import volumes in 2017, to 87 800
tonnes and 70 600 tonnes, respectively.
Mackerel and herring prices declined In 2018, landings of Atlantic mackerel are expected
in 2017, and no change seems to be to decline a bit. Norway, which is a major producer, is
expected to land about 277 000 tonnes, substantially
in sight. A substantial increase in lower than the 348 000 tonnes in 2017. The mackerel
supplies of anchovies is expected, inventory declined from last year, and one would
while herring and mackerel supplies therefore expect prices to go up. First-hand prices
did indeed go up a little in the first weeks of 2018.
are likely to decline slightly. Prices
have been on a downward trend for
some time and are not expected to RECENT NEWS
improve much in the short term.
Climate change and global warming
is benefitting the Greenland fisheries
industry, at least in the short term.
Species that thrive in warmer waters
than those around the coasts of
In February 2018, Iceland and the Faroe Islands Greenland, like mackerel and bluefin
agreed on Faroese fishing rights in Icelandic waters. tuna, are finding their way north and
The parties agreed on mutual access to blue whiting
being caught by Greenland vessels.
and Norwegian-Icelandic herring. Icelandic vessels
may fish for bluefin tuna in Faroese waters, while Significantly increased landings helped
the Faroese can catch 5 percent of the Icelandic the economy to grow by 4.6 percent in
capelin quota, limited to 25 000 tonnes. 2016.
Brexit is in the back of everybody’s minds as the

negotiation between the United Kingdom and the
European Union (Member Organization) for fishing
quotas is underway. The European Union wants the African imports of mackerel declined significantly
United Kingdom to respect the CFP until 2021. This in 2017. Both of the main suppliers, the EU28 and
gives European Union countries access to British Norway, suffered declined volumes, while Iceland
waters between 12 and 200 nautical miles. However, increased shipments of mackerel to Africa.
the British have suggested to abandon the CFP when
the country leaves the EU28, and negotiations have An active buyer in the mackerel market was
started to reach an agreement on this and other the Russian Federation. Imports to the Russian
issues. Federation increased for the second year in a row,
and again, the Faroe Islands was the leading supplier,
accounting for about two thirds of the total. Other
Mackerel western countries such as Norway and the EU28
cannot export to the Russian Federation because
In January 2018, the Peruvian Ministry of Production of the import ban for these countries. Greenland
established catch quotas for horse mackerel and China were also active suppliers to the Russian
(Trachurus murphy) at 75 000 tonnes and mackerel Federation, but with smaller quantities than the
(Scomber japonicus) at 110 000 tonnes. However, Faroe Islands.
these quotas can be modified depending on
biological and/or environmental factors.

47
shoals. The average size of the herring landed was
Export prices 348 g, with fat content within the market demands.
Mackerel: Norway Demand for single fillets without skin was good in
Germany, and this product typically requires about
NOK/kg 12 percent fat.
50
Herring prices declined in 2017. EU28 market prices
40 in EUR were down by about 18-19 percent. The price
fresh whole
drop was more pronounced for Norwegian exporters
30
with export prices in NOK down by over 26 percent.
20
The NSC blames the price decline on larger quotas
and increased volumes on the market, on increased
10
competition, and on the fact that Norway and most
frozen whole western countries are being blocked from selling to
0 the most important market, the Russian Federation.
China | Exports | Mackerel Export prices

Top three destinations Frozen herring: Norway
Unit: 1 000 tonnes, January-December NOK/kg
Indonesia Philippines
Thailand Other countries 20
Total exports Frozen fillets
250 500 15
200 400 10
150 300
5 Whole frozen
100 200
0
50 100
0 0
2015 2016 2017 Source: Norwegian Seafood Council
Herring Germany | Imports | Herring

Top three origins
Atlantic herring quotas are set to be somewhat
reduced in 2018 compared to 2017, based on Denmark Poland
the recommendations by the ICES. Landings are Netherlands Other countries
expected to come down a bit. Norway is expected to Total imports
land about 484 000 tonnes of Atlantic herring, down 60 120
from about 560 000 tonnes in 2017.
The outlook for Alaska herring seems brighter in 45 114

2018 than last year. The Togiak, the main fishing
area for herring in Alaska, TAC for 2018 has been 30 108
increased by 49 percent to 24 042 tonnes. Purse
seiners get 70 percent of this, while gillnetters get
the remaining 30 percent. The fleet only caught 95 15 102
percent of the quota in 2017, landing 16 000 tonnes
of herring. 0 96
2015 2016 2017
The Norwegian pelagic fishery started slowly in
January 2018. Vessels reported a lot of herring, but it Source: Eurostat
was swimming deep and therefore difficult to catch
with purse seines. Fishing improved in February 2018
as good weather made it easier to access the herring

Trade
Russian Federation | Exports | Herring
Top three destinations Norwegian exports of mackerel increased by 9.4
Unit: 1 000 tonnes, January-December percent in 2017, to 338 000 tonnes. Most of this
China Republic of Korea increase was accounted for by higher exports to
Nigeria Other countries China, Turkey, Viet Nam, Taiwan Province of China
Total exports
and the United Kingdom. Norway’s market share
200 250
in some of the major importing countries rose or
remained quite high, with 21.2 percent in China, 18.5
200 percent in Japan, and 11.2 percent in the Republic of
150
Korea. Norwegian mackerel exports to China went
150 up by an impressive 38.9 percent (71 500 tonnes),
100 while exports to Japan fell slightly to 62 400 tonnes
100 (-3.1 percent) and to the Republic of Korea fell to
50
50
38 000 tonnes (-2.1 percent).
0 0 China also exported more mackerel to the world in

2015 2016 2017 2017 than in 2016. Total mackerel exports (including
Source: Federal Customs Service of Russia jack mackerel and horse mackerel) increased from
344 000 tonnes to 407 000 tonnes (+18.3 percent).
The largest markets were Indonesia with 83 000
tonnes, the Philippines with 76 000 tonnes, and
Anchovy/Sardines/Capelin Thailand with 36 000 tonnes.
The current La Niña, which has impacted the waters Norwegian herring exports also increased
of South America since October 2017, is not expected significantly, from 165 500 tonnes in 2016 to
to have a negative effect on the Chilean pelagic 225 200 tonnes in 2017 (+36 percent). Main markets
fishery. The climatic phenomenon is expected to included Denmark (36 500 tonnes, 16.2 percent of
last until April 2018 and has been characterized as a total), Egypt (32 400 tonnes, 14.4 percent of total)
rather weak event. and Ukraine (31 300 tonnes, 13.9 percent of total).
In early February 2018, the Ministry of Production in German imports of herring declined by 10.5 percent
Peru reported that 46 percent of the anchovy quota in 2017 compared to 2016. Total imports amounted
had been landed during the second fishing season to 102 000 tonnes. The main suppliers were
of 2017, which ran from 23 November 2017 to 26 Denmark (50 000 tonnes), Poland (34 000 tonnes)
January 2018. Expectations for the 2018 fishery are and the Netherlands (4 000 tonnes).
that anchovy landings will be significantly increased.
Kontali Analyse estimates an increase of up to 1.8 Exports of herring from the Russian Federation
million tonnes in Peru alone. Most of this catch goes almost doubled in 2017 compared to 2016, from
for fishmeal production. 102 000 tonnes in 2016 to 203 000 tonnes in 2017.
Almost all of this increase was accounted for by a
It is expected that there will be a small increase massive increase in shipments to China, up from
in horse mackerel because of the more extensive 77 000 tonnes in 2016 to 162 000 tonnes in 2017.
presence of cold water in the coastal zone of Exports to the Republic of Korea and Nigeria were
southern-central Chile. Mackerel fishing is expected also increased, but the volumes were much smaller,
to be favourable until July/August, with a good 18 000 tonnes and 8 000 tonnes, respectively.
chance of filling the quota. Norwegian exports of small pelagics
Iceland registered a 10 percent increase in fish January-December
landings in 2017. Landings were particularly strong 1 000 tonnes
for capelin and blue whiting. Capelin catches
2015 2016 2017
increased by 95 percent compared to 2016, to
196 900 tonnes, while blue whiting catches increased Mackerel
by 22 percent to 228 900 tonnes. Capelin quotas are China 51.9 51.5 71.5
expected to be cut for 2018, from 299 000 tonnes Japan 62.8 64.4 62.4
previously proposed to 208 000 tonnes.
Republic of Korea 27.7 38.8 38.0
At the end of March 2018, it was reported that the Other countries 217.1 154.1 165.9
Norwegian capelin quota of 421 000 tonnes was Total 359.5 308.7 337.8
almost filled, except for about 3 000 tonnes. The
capelin fishery came to an early close in 2018. Most Herring
of this catch goes to reduction purposes (fishmeal Denmark 26.0 21.5 36.5
and fish oil), but about 17 000 tonnes goes to human Egypt 12.5 12.1 32.4
consumption, mostly used for roe production. In
Ukraine 25.2 34.1 31.3
2018, total capelin landings are expected to increase
by some 200 000 tonnes. Other countries 97.1 97.8 125.0
Total 160.8 165.5 225.2
Source: TDM
49
Outlook
It is expected that there will be a decline in landings of
Atlantic herring but a significant increase in landings
of South American anchovy. There will be an overall
decline in landings for human consumption. Prices
are expected to continue to weaken for herring and
mackerel in the beginning of the year but may recover
in the second half of 2018. Norway will continue to
dominate the Asian market for mackerel. Larger
volumes are expected to go for reduction purposes.
The Russian Federation embargo on supplies from
the western countries will continue.
©Fotolia - Shulevsky Vladimir

FISH MEAL & FISH OIL
By the end of the

Top global producers of fishmeal
Unit: 1 000 tonnes
second fishing
Peru China
Thailand/Viet Nam Other countries
season of 2017, 3 000 4 800
only 46 percent of 4 700

2 500
2 000 4 600
the anchovy quota 1 500

1 000
4 500
4 400
in Peru was fulfilled 500

0
4 300
4 200
2014 2015 2016
This was below market expectation
and drove the prices up. In 2018, Source: IFFO, Oil world
the market is reasonably optimistic
on the first fishing season in Peru,
on preserved biomass and on Top global producers of fish oil
favourable fishing conditions. Unit: 1 000 tonnes
Peru United States of America
Denmark/Norway Other countries
700 960
Production 600 940
The first anchovy fishing season of 2017 in Peru, 500
920
which started in April, reached 85 percent of 400
900
the total allowable quota, with catch totalling 300
2.4 million tonnes. This outcome was interpreted as 200
880
a positive indication of the end of the El Niño and 860
100
of a recovered anchovy biomass in Peru. The quota
for the second fishing season of 2017 in the centre- 0 840
north area was set at 1.49 million tonnes. Exploratory 2014 2015 2016
fishing started on November 2017, but due to the
high presence of juveniles, the second anchovy Source: IFFO, Oil world
season was not resumed until January 2018. Merely
687 600 tonnes of anchovy were landed until the
end of the second season (26–28 January 2018) Exports
equivalent to 46 percent of the assigned quota.
In total, the Peruvian government reported 735 000 The successful first fishing season translated into
tonnes of fishmeal output in 2017, 16.2 percent a 51 percent growth in Peruvian exports in 2017,
more than in 2016. compared to 2016. Peru exported a total of 977 000
tonnes of fishmeal in 2017, representing more than
Nordic countries also registered higher production 35 percent of the aggregated world exports. Nearly
due to an abundant supply of small pelagics. Sand 80 percent of the Peruvian exports were destined
eel harvest in Denmark and Norway, capelin from for China. Viet Nam and Japan absorbed 5 and 4
Iceland and herring from Norway, jointly raised the percent, respectively.
market supply. Overall, Nordic countries reported
a combined production of approximately 600 000 Denmark, Chile, the United States of America,
tonnes of fishmeal in 2017 (+30 percent over 2016) Morocco and Iceland exported more than
and 150 000 tonnes of fish oil (+18 percent) 100 000 tonnes of fishmeal in 2017, above the
export volumes of 2016.

51
Fish oil exports from Peru reached 165 000 tonnes,
73 percent more than in 2016, and surpassed Danish Denmark | Exports | Fish oil
exports. Denmark exported 147 000 tonnes of fish Top three destinations
oil, mostly to Norway and the United Kingdom. Unit: 1 000 tonnes, January-December
Norway United Kingdom
Netherlands Other countries
Markets Total imports
120 200
Since the stricter environmental protection
regulations and standards have been in effect, 100
farmers feeding ponds with raw forage fishes and 150
80
domestic reduction plants of fishmeal and fish oil
have had to come up with new operative solutions 60 100
to handle the inspections. The increased regulatory 40
awareness has stimulated the Chinese market to 50
press for a shift in the feeding structure. More 20
companies and farmers resort to compound feed to 0 0
provide sufficient protein rather than to raw forage 2015 2016 2017
fish to feed carnivorous species. Many producing Source: Eurostat
plants moved to trade business instead of producing
fishmeal and fish oil locally. Some small-scale
producers shutdown because they were below the
environmental standards. Production consolidation
has been happening in China to improve their ability
to meet the inspection requirements. In addition, Peru | Exports | Fishmeal
the fishing moratorium that traditionally goes from Top three destinaions
June to September was extended by one month Unit: 1 000 tonnes, January-December
to sustain the fish biomass in the ocean in China. China Viet Nam
This extension affected the supply of raw materials Japan Other countries
Total exports
intended for fishmeal and fish oil reduction. All these
factors contributed to the highest Chinese imports 1 000 1 200
so far, a total of 1.582 million tonnes in 2017, 56
percent of which were shipped from Peru. 800
800
Norwegian imports of fishmeal and fish oil 600
increased in 2017 (+10 percent). More than half of
400
the provision of fishmeal was supplied by Iceland. 400
Denmark and the Faroe Islands added an additional 200
40 percent of the total Norwegian fishmeal imports.
0 0
2015 2016 2017
Price Source: Produce
Fishmeal price has been trending upward since the

first half of 2017, due to increasing global demand, in
particular demand from China, seeking to substitute
the market scarcity caused by local production
shortages. When the second fishing season in Peru Peru | Exports | Fish oil
was announced to be suspended in November 2017, Top three destinations
fishmeal and fish oil prices rose steeply. Peruvian Unit: 1 000 tonnes, January-December
super prime fishmeal traded in Shanghai, China at Denmark China
more than USD 2 000 per tonne in early 2018, while Canada
Total exports
Other countries
the price was around USD 1 600 per tonne in the

middle of 2017. 100 200
With the optimistic prospects for the first anchovy 80

150
fishing season in Peru starting in April 2018, the
60
fishmeal and fish oil prices are levelling off. Further 100
corrections will materialize upon the announcement 40
of the volume of the assigned quota for this season
and the weather situation by then. 50
20
0 0
2015 2016 2017
Source: Produce

Norway | Imports | Fishmeal Prices
Top three origins fish oil and rape oil: Europe
Iceland Denmark USD/tonne
Faroe Islands Other countries
Total imports
3 200
120 200 Fish oil
2 400
90 190
1 600
60 180 Fish meal
800
30 170
0
0 160
2015 2016 2017
Source: Norway Bureau of Statistics Source: Oil World
Norway | Imports | Fish oil Prices

Top three origins Fish oil and fish meal: Europe
Peru Denmark USD/tonne
Iceland Other countries
Total imports
3 200
90 200 Fish oil

2 400
60
1 600
Fish meal
190 800
30
0
0 180
2015 2016 2017
Source: Oil World
Source: Norway Bureau of Statistics
Outlook
The postponement of the Peruvian fishing season in
China | Imports | Fishmeal 2017 due to the high presence of juveniles provided
Top three origins the anchovy schools adequate time to grow in
Unit: 1 000 tonnes, January-December recent months and thus to build up a healthy adult
Peru Viet Nam biomass in Peruvian waters. Peru, as the driver of
United States of America Other countries global fishmeal and fish oil output, is thus likely to
Total exports see an encouraging first anchovy fishing season
1 000 2 000 in 2018. Current level-off price is also expected to
undergo further correction from its seasonal peak.
800 1 600
600 1 200
400 800
200 400
0 0
2015 2016 2017

53
LOBSTER
A recent study by the Gulf of Maine Research Institute

Tighter supplies (GMRI) predicts that warming ocean temperatures
will lead to a drop in the lobster population in Maine
by 40—62 percent by the year 2030. The Maine
and higher Department of Marine Resources has little faith in
the GMRI prediction, stating that this wild resource
is difficult to predict.
prices New Zealand has set the rock lobster quota for the
2018/2019 season at 1 585 tonnes, a 1 percent
The New England lobster harvest decline from the 2017/2018 quota. The New
Zealand rock lobster (Jasus edwardsii), also known
decreased in 2017 and could decline as southern rock lobster or spiny red rock lobster,
further. Production of lobster in is New Zealand’s most valuable seafood export
warmer areas may be improving, commodity. In 2017, New Zealand exported rock
lobster worth NZD 266 million (USD 189 million),
but the overall picture in 2018 will which nevertheless represented a decline of 16
be one of tighter supplies and percent compared to 2016.
higher prices. Strong demand in
Mexico reported that lobster catches in the northern
China seems to be the main driver Pacific zone of Baja California are excellent. It is
in the market. estimated that the fishery will yield more than 2 200
tonnes by the end of the season in 2018, compared
to the 1 200 tonnes that have been the norm in
recent years. The catch consists mostly of red lobster
(Panulirus interruptus) and is mostly exported to
Asian markets.
Supplies
World imports/exports of lobster
The lobster harvest in Maine for 2017 declined by 16 January - December
percent by volume compared to 2016. The average
price per pound dropped from USD 4.08 per lb in 2015 2016 2017
2016 to USD 3.91 per lb in 2017. The first-hand value (1 000 tonnes)
of the lobster catch in Maine dropped by 20 percent
from USD 540 million in 2016 to USD 434 million in Imports
2017. Maine accounts for about 83 percent of the United States of America 65.7 61.3 58.9
total US lobster catch. China 18.1 22.0 27.5
Canada 31.5 32.7 25.4
61+22+107
Lobster production (2016) Other countries 58.0 59.6 65.9
Others Total 173.2 175.6 177.6
7% Exports
Tropical lobsters nei American lobster
61% Canada 83.3 83.9 84.9
10%
United Kingdom 4.1 5.2 10.0
Total 189.0 194.5 194.6
Source: TDM
Caribbean spiny
lobster
22%
Source: FAO

US imports/exports of lobster
January - December
EU28 | Imports | Lobster
2015 2016 2017 Top three origins
(1 000 tonnes) Unit: 1 000 tonnes, January-December
Canada United States of America
Imports Nicaragua Other countries
Total imports
Canada 56.6 53.2 50.8
12 23
Bahamas 1.5 1.2 1.8
Honduras 1.6 1.4 1.3 9
Other countries 5.9 5.5 5.0 21
Total 65.6 61.3 58.9 6

Exports 20
Canada 31.1 32.3 25.1 3
China 6.0 6.4 8.2

0 18
Italy 3.4 3.7 3.4 2015 2016 2017
Other countries 16.2 16.2 13.8 Source: Eurostat
Total 56.7 58.6 50.5
Source: TDM
International trade
Global lobster imports appear to have declined China | Imports | Lobster
in 2017 compared to 2016, when total imports Top three origins
amounted to 175 600 tonnes. The largest importers Unit: 1 000 tonnes, January-December
were the United States of America with 58 900 Canada United States of America
tonnes (-3.9 percent), followed by China with New Zealand Other countries
27 500 tonnes (+24.5 percent), and Canada with Total imports
25 400 tonnes (-22.2 percent). There was a notable 12 32

increase in French imports, which increased from
8 200 tonnes in 2016 to 11 000 tonnes in 2017 9 24
(+34.4 percent).
6 16
China imported 27 500 tonnes of lobsters in 2017,
up from 22 000 tonnes in 2016 (+24.5 percent).
The largest suppliers were Canada (10 100 tonnes, 3 8
+34.8 percent), the United States of America
(8 000 tonnes, -0.6 percent), New Zealand (2 600 0 0
tonnes, -4.7 percent) and Australia (2 300 tonnes, 2015 2016 2017
+382 percent). Source: Eurostat
US lobster exports to the EU28 have been declining

for some time, and the decline increased after
Canada and the EU28 implemented a bilateral
trade agreement in September 2017. However, Canada | Exports | Lobster
the decline in US exports to the EU28 has been Top three destinations
compensated by increased exports to Asia. In 2017, Unit: 1 000 tonnes, January-December
the United States of America exported 8 100 tonnes United States of America China
of lobster to the EU28, down from 10 400 tonnes in Republic of Korea
Total exports
Other countries
2016 (-22 percent). US exports to Asia (including

60 85
some Middle East countries like Saudi Arabia and
Israel) increased from 15 700 tonnes in 2016 to
17 600 tonnes in 2017 (+12 percent). China (including 45 84
Hong Kong SAR and Macao SAR) accounted for
almost two thirds of this with 11 900 tonnes. 30 83
Australia is also benefiting from strong demand for

15 82
lobster in China. Most of the Australian rock lobster
is exported to China, and the quality is high.
0 81
US imports came mainly from Canada, which 2015 2016 2017
accounted for no less than 50 800 tonnes, Source:
86.3 percent of the total. Other suppliers to the

55
United States of America included the Bahamas
Prices (1 800 tonnes) and Honduras (1 300 tonnes).
Lobster tails: USA
USD/lb Prices
28 Lobster is often associated with romantic dinners,
and naturally, Valentine’s Day is a popular lobster
21 season. However, in the United States of America,
14 the Valentine’s Day lobster dinner came very much
more expensive this year. At the consumer level,
7 prices were up by almost 50 percent compared
to two years ago, as the market prices reached
0 USD 23.5 per lb. Dealers report that demand during
such holidays as Valentine’s Day and Chinese New
Year is very strong, and consequently prices go up
EXW prices of frozen lobster tails during these periods.
(8-10 oz/pc), origin: Brazil
Outlook
If predictions about the Maine lobster fishery are
correct, total supplies of lobsters will decline in 2018.
Tighter supplies and a strong demand in the most
important markets will surely push prices upwards.
Wholesale prices China seems to have a strongly growing desire for
American lobster: USA lobster, particularly for the North American lobster,
USD/lb though demand for Australian rock lobsters is also
very strong. Price increases across the board can be
16 expected.
12
1-1.5 lb live, NY wholesale price

Prices
European lobster: Europe
EUR/kg
40
30
20
10
Live, origin: Ireland; 400–600, 600–800 g/pc


BIVALVES
as hatchery-bred mussel spat. Mussel aquaculture
Bivalves market
growth is set to boost New Zealand seafood exports
in 2018.
The outlook for mussel production is positive also

very positive in all other mussel culturing countries, but demand
is likely to exceed production growth, and prices
are forecast to increase even further in the coming
months.
Demand for bivalves is growing
worldwide. All major consuming
countries reported high requests
for bivalve products. Production
is increasing, but it is generally
not enough to completely meet the
world demand, leading to growing Bivalve production by selected species, both
54+18+244
wild and farmed (2016)
prices in all major markets.
Clams 4%
Scallops
24%
Oyster
54%
Mussel industry bound to grow

Mussels
The Chilean mussel industry reported a record year 18%
in 2017, with production exceeding 300 000 tonnes,
after low production in 2016. Contrary to all the
other major producing countries, all this production
goes to exports, making Chile the world’s major Source: FAO
exporter of mussels. In 2017, exports reached
70 000 tonnes meat weight, an 18 percent increase
over 2016. Spain is the main market for Chilean
mussels, importing 15 000 tonnes in 2017, a 25
percent growth from 2016. These mussels are EU28 | Imports |Mussels
mainly used in the canning industry, and compete Top three origins
there heavily with the domestic mussels produced in Unit: 1 000 tonnes, January-December
the Galician fjords. Other major importing countries Chile New Zealand
of Chilean mussels are the United States of America, Norway Other countries
Total imports
France, and Italy. These three countries reported
stable imports of Chilean mussels in 2017. However, 50 50
the Russian Federation is becoming an important
outlet for Chilean mussels, importing some 9 000 40 48
tonnes in 2017, a 51 percent increase from 2016.
30 46
Similar to Chile, New Zealand is producing mainly
20 44
for the export market. In recent years, after a boom
in the 1990s, these exports have been stable at 10 42
USD 180 million. Main importing countries are the
United States of America, China and Thailand. This 0 40
stagnant situation is about to change this year, as 2015 2016 2017
the mussel industry in New Zealand is about to Source: Eurostat
change significantly, using new technologies, such

57
World imports/exports of mussels
January - December Chile | Exports |Mussels
2015 2016 2017
(1 000 tonnes) Spain United States of America
France Other countries
Imports Total exports
France 56.7 59.4 60.9
Italy 52.3 45.0 50.9 50 85
Netherlands 21.6 34.0 42.6 40 80

Other countries 196.0 166.3 177.2 30 75
Total 326.7 304.7 331.5
20 70
Exports
Chile 69.7 67.4 79.3 10 65
Netherlands 60.9 61.1 69.1 0 60
Spain 58.7 50.7 59.0 2015 2016 2017
Other countries 139.8 162.7 167.0 Source: Chile National Customs Office
Total 329.1 341.8 374.4
Source: TDM
Prices
Mussels: France
Spain | Imports | Mussels
EUR/kg
Top three origins
Unit: 1 000 tonnes, January-December 6
Chile Italy
Greece Other countries
Total imports
16 24 3
12 22
0
8 20
4 18
Monthly average consumet prices in metropolitan France
0 16 Source: European Price Report
2015 2016 2017
Source: Agencia Tributaria
Price of oysters sky-high and likely

France | Imports | Mussels to grow further
Top three origins
Unit: 1 000 tonne, January-December Oysters are an upper end product, with consumers
Spain Netherlands willing to pay high prices. Overall world trade of
Chile Other countries this commodity is rather limited at 70 000 tonnes.
Total imports France is the main exporting country of oysters,
though being only number five among the producing
20 62 countries. In 2017, the country exported 12 000
tonnes, 20 percent more than in 2016. France is also
15 60 a major importer of oysters, with 8 000 tonnes in
2017. Demand for oysters is growing in the United
10 58 States of America, the world’s major importing
country with 12 000 tonnes last year. In addition to
imports, the country is also trying to boost domestic
5 56
production. Maine oyster is a new industry that
has been growing rapidly, with massive expansion.
0 54 However, demand is still higher than what the supply
2015 2016 2017 is able to meet, so prices continue to grow, oyster is
Source: Eurostat sold by the number rather than by the dozen or in
bags as on the US West Coast, which indicates that

oysters are considered a top seafood item in New the Republic of Korea are the main clam exporting
York and other East Coast cities. With the economic countries, followed by Canada. In Canada, the 30-
growth forecasted for 2018, further increase in year monopoly of Clearwater Seafoods over the
demand for oysters is likely to materialize, especially Artic surf clam has allowed the company to harvest
during the holiday months. up to 38 000 tonnes of clams. In 2018, there will
be an allocation of 8 700 tonnes to a First Nations-
owned company. The impact of this decision for the
World imports/exports of oysters world clam market is still to be seen.
January - December
World imports/exports of scallops
2015 2016 2017
January - December
(1 000 tonnes)
2015 2016 2017
Imports
(1 000 tonnes)
Imports
France 6.4 7.4 8.0
China 56.4 47.1 35.7
China, Hong Kong SAR 6.1 6.6 7.2
France 17.0 13.2 14.3
Total 63.7 67.1 67.3
Exports
Total 174.2 164.2 138.7
France 10.6 10.8 12.6
Exports
China 9.3 9.9 9.6
China 35.2 34.6 30.7
United Kingdom 11.4 12.2 8.0
Total 53.9 56.4 70.3
Source: TDM Other countries 50.3 51.5 50.0
Total 107.0 108.7 98.1
Source: TDM
China imports less scallops
World imports of scallops declined sharply in 2017,
as China, the main world’s importer of this species, EU28 | Imports |Scallops
reported a 24 percent drop in their imports. China Top three origins
still represents about one quarter of the world’s Unit: 1 000 tonnes, January-December
imports of scallops. The decline in Chinese demand United States of America
Peru Other countries
for foreign scallops was caused by an increase in Total imports
domestic production. The United States of America
reported an 18 percent decline in scallop imports. 8 20
France was the only importing country reporting
higher demand for external scallops. Scallops are 6 15
the fourth largest seafood import into France, after
shrimp, tuna and salmon. In 2017 French imports of 4 10
scallops from Argentina boomed to 3 000 tonnes,
while Peru which used to be the main exporter
2 5
lost ground, due to a failure in the Peruvian scallop
production in 2016 –early 2017. The Peruvian scallop
industry is likely to recover ground in 2018. 0 0
2015 2016 2017
Source: Eurostat
Clams
Overall world imports of clam are increasing, though
the two main clam importing countries, Japan and
the Republic of Korea, reported stable imports in
2017. Total world imports reached 280 000 tonnes
last year, a 6 percent growth over 2016. This
increase in imports was mainly due to import rises
in southern European countries such as Spain and
Italy. Both countries have important aquaculture
and capture clam fisheries, but in recent years
this production was not enough to meet demand.
Spanish imports of clams reached 38 700 tonnes in
2017, a 14 percent increase over 2016. China and

59
France | Imports | Scallops
Top three origins
Unit: 1 000 tonne, January-December
United Kingdom
United states of America Other countries
Total imports
12 20
9 15
6 10
3 5
0 0
2015 2016 2017
Source: Eurostat
World imports/exports of clams, cockles, arkshells

January - December
2015 2016 2017

(1 000 tonnes)
Imports
Japan 74.8 80.4 80.6
Spain 31.7 33.8 38.7
Total 256.1 262.9 280.9
Exports
China 157.2 156.0 164.2
Canada 9.4 11.0 13.3
Total 244.2 249.2 268.0
Source: TDM
Outlook continues strong

Further increase in demand for bivalves is expected
for the holiday period in North America and in Europe.
There seems to be no limit to the price expectations
by traders. Bivalves are also increasingly being used
in the preparation of ready meals, being one of the
most versatile products for diversification of product
presentation.
©Fotolia - naturalbox
CRAB
be reduced by 47 percent, while in Newfoundland

Higher prices and Labrador a 20 percent reduction is expected.
The Ministry of Agriculture of the Russian Federation

for king crab is considering changing the quota allocation system
to an auction system. Industry representatives
fear that this will increase illegal crab fishing and
and snow crab ultimately jeopardize the fishery’s MSC certification.
The Russian Federation is committed to capture
a larger share of the US market for king crab and
The quotas for snow crab are one way to achieve that would be to ensure MSC
certification for their crab fisheries.
lower for 2018, and consequently
landings will go down. Demand is The Russian Federation increased quota for king
good, and prices will therefore go crab (from 21 000 to 26 000 tonnes) should have an
up. Illegal fishing in the Russian effect on prices, but it is not known what this effect
will be. Some observers believe that the effect will
Federation appears to be declining, be negligible, claiming that the illegal crab that was
but the increased quotas there will already on the market will now just become legal and
probably have little or no effect on the total amount available may not be increasing as
much as it would appear from the quota numbers.
prices.
In the beginning of 2018, dungeness crabbers on the
US coast of Washington faced difficulties again. While
domoic acid concerns delayed the season in 2017,
this year the weather caused the postponement and
the season only began on 15 January. Further south,
Supplies in California, the authorities have extended the rock
crab fishery by opening areas that were previously
The global supply of snow crab is expected to be closed due to high domoic acid levels. The fishery
around 104 000 metric tonnes in 2018. This is a was closed since 8 November but was opened in
reduction of about 10 percent from 2017, and a 76 mid-January. The California crab fishery was closed
percent reduction from 2015, when the amount in June 2016 due to an outbreak of algal blooming
landed was 150 000 tonnes. which caused the occurrence of domoic acid in the
crabs. Some areas were later opened, but there
TACs in Canada are expected to be dramatically have been several such occurrences since.
reduced. It is expected that TAC in Nova Scotia will
29+18+12932
Crab production (2016) Top three importers of crab
Unit: 1 000 tonnes
Chinese mitten crab United States of America China
Republic of Korea Other countries
29%
Total imports
Others
32% 200 408
160 396
120 384
Gazami crab 80 372

Blue swimming 18%
crab 40 360
9% Marine crabs nei
12%
0 348
2015 2016 2017
Source: FAO
Source: TDM

61
In the Arctic, the EU28 and Norway are fighting for
USA | Imports | Crab control over the crab resource. Norway claims that
Top three origins only Norwegian vessels can harvest the snow crab
Unit: 1 000 tonnes, January-December resource in the Svalbard Fisheries Protection Zone,
Canada
while the EU28 insist that all signatories to the 1920
Indonesia Other countries Svalbard Treaty have a right to exploit this resource.
Total imports The matter may end up in the international court in
The Hague.
50 110
40
109 International trade
30
108 The global trade of crab increased by about 3.0–3.5
20 percent in 2017 compared to 2016. Imports to the
10
107 United States of America, China, and the Republic
of Korea, were relatively stable, while Japanese
0 106 imports declined by 16.8 percent.
2015 2016 2017
Source: U.S Census Bureau US imports of crab increased marginally by 1.7
percent to 109 400 tonnes in 2017. The main
suppliers to the United States of America were
Canada (40.7 percent), the Russian Federation (17.7
percent) and Indonesia (11.7 percent).
China | Exports | Crab Chinese crab exports were stable in 2017, only
Top three destinations 0.6 percent above 2016 shipments. Total exports
Unit: 1 000 tonnes, January-December amounted to 75 000 tonnes. The main markets
Republic of Korea Taiwan Province of China were the Republic of Korea (31 percent of the total),
Unitd States of America Other countries Taiwan Province of China (19 percent) and the
Total exports
United States of America (14 percent).
35 84
The Russian Federation increased its crab exports
28 81 to 63 700 tonnes in 2017, 22.3 percent more than
in 2016. Main markets were the Republic of Korea
21 78 (65.7 percent of the total), the Netherlands (19.4
percent) and China (9.6 percent).
14 75
7 72 European crab imports declined somewhat in

2017 compared to 2016. In the largest European
0 69 importing country (France), imports declined by
2015 2016 2017 over 10 percent.
Russian Federation | Exports | Crab Prices

Top three destinations Crab: USA, Japan
Unit: 1 000 tonnes, January-December USD/lb
Rupublic of Korea Netherlands
China Other countries 25
Total exports
20 9–12 oz/pc
45 75
15
36 60
10
14–17 oz/pc
27 45 5
18 30 0
9 15
0 0
2015 2016 2017 Claw and sections, red, EXW New York
Source: Federal Customs Service of Russia Source: INFOFISH Trade News

Prices
The US market for king crab has been stagnant
recently. The price difference between red
king crab (Paralithodes camtschaticus) and the
Russian Federation golden king crab (Lithodes
aequispinus) has increased. The price difference
was approximately USD 0.50 per lb, but in January
2018, the gap widened to almost USD 3.00 per lb. As
golden king crab has been less expensive, demand
for this species has increased on the US market.
In contrast, the expected tighter supplies of snow

crab in 2018 are likely to stimulate snow crab prices
to continue to rise through the year.
Outlook
Snow crab quotas were reduced for 2018, except
in the Russian Federation. However, the total
estimated supplies will probably fall by 10 percent
and this will have an effect on prices. King crab
prices are also expected to rise. Total imports are
likely to stagnate because of availability, but demand
is growing in major markets like China and to some
extent the United States of America. Some product
may also be imported to China through South East
Asian countries like Thailand and Taiwan Province of
China.
©FAO/Silvio
GLOBEFISH Alejandro
Highlights | April 2018
63
Catalano
FOOD SAFETY ISSUES
Detentions and Rejections of

shrimp and prawns in Canada,
the European Union (Member
Organization), Japan and the
©FAO/T. Rahimzadeh
According to FAO, the main importing countries of shrimp by value and volume
in 2015 were the United States of America, Japan and Spain. The major producing
countries were China, Indonesia and India. In this analysis we describe the border
rejections of shrimp in the four United Nations members where data is available, i.e.
Canada, the European Union (Member Organization), Japan and the United States
of America. Rejections are categorized by chemical, microbiological and other
risk categories. In addition, general causes such as packaging issues, allergens,
improper health certificate, poor temperature control, labelling issues, will be
described.
Canada
Shrimp detentions and rejections in Canada Shrimp rejected at Canadian

amounted to 129 in 2017, representing 10
percent of the total rejections of fish and borders in 2017 by causes
fishery products at the border. (number of cases)
The main causes of rejections and detentions Others Chemical
of shrimp in the Canadian market in 2017 were
labelling issues accounting for 70 percent of shrimp 21
rejections, followed by chemical causes. Other
rejections were due to the lack of net weight 113
determination, inappropriate water activity and
food information regulation requirements. Under
the chemical category the main rejections were due Source: Canadian Food Inspection Agency
to the presence of non-permitted additives, followed
by nitrofuran, tetracyclines and other residues of
veterinary drugs.
Shrimp rejected at the Canadian borders in 2017 by hazards

Labelling Net weight determination
Non permitted additives Water activity
94 Food information regulation requirements Nitrofurans
Tetracyclines Sensory evaluation
Fluoroquinolones Container integrity
12 7 5 4 3 3 2 2 1 1
number cases
64 GLOBEFISH Highlights | January 2018

European Union
Shrimp detentions and rejections in the Shrimp rejected at EU28

EU28 totalled 47 in 2017, representing 13
percent of the total rejections of fish and borders in 2017 by causes
fishery products at the border. (number of cases)
The main reasons for shrimp border rejections in Chemical Others Microbiological
2017 were chemical causes, followed by other causes, 3
and microbiological causes. The main chemicals
detected were residues from veterinary drugs, such 7
as nitrofuran, sulphite and chloramphenicol. They 37
were followed by cadmium above the maximum
limit. Among other causes, the main problems were
related to poor temperature control and allergens. Source: Rapid Alert System for Food and Feed
The microbiological detentions were due to bacteria
such as Salmonella, Vibrio cholerae and Vibrio
parahaemolitycus with one case each.
Shrimp rejected at the EU borders in 2017 by hazards

Nitrofuran Sulphite Cadmium Poor temperature control Chloramphenicol
Allergens Salmonella Vibrio cholerae Vibrio parahaemolyticus
14
11 10
5
2 2 1 1 1
number cases
Japan
Shrimp detentions and rejections in Japan Shrimp rejected at the Japanese

amounted to 35 in 2017, representing
24 percent of the total rejections of fish borders in 2017 by causes
and fishery products at the border. The (number of cases)
majority of rejections in the analysed
shrimp were due to chemical hazards, Microbiological Chemical
followed by microbiological causes.
14
The main chemical problem recorded was the 21
presence of antimicrobials, such as furazolidone,
enrofloxacine and sulfadiazine, in a total of 19 Source: Ministry of Health, Labour and Welfare
border rejections. Additives such as polysorbate 80
and SO2 were present in one case each. The main
microbiological problems were due to Escherichia
coli (six cases), Coliform (five cases) and live bacteria
(three cases).
Shrimp rejected at the Japanese borders in 2017 by hazards
Furazolidone Enrofloxacine Escherichia coli Coliform Live bacteria Sulfadiazine Polysorbate 80 SO2
9
8
6
5
3
2
1 1
number cases
GLOBEFISH Highlights | January 2018

65
Shrimp rejected at US borders in
Shrimp detentions and rejections
in US borders totalized 141 in 2017, 2017 by causes
representing 9 percent of the total (number of cases)
rejections of fish and fishery products at Others Chemical Microbiological
the border.
The majority of rejections were due to other causes, 40
followed by chemical causes and microbiological 46
causes. Within the category of other causes, the
leading specific cause was “filthy” in 41 cases, 55
followed by misbranding (five cases) and adulteration
(three cases). “Filthy” represents 30 percent of Source: Food and Drug Administration
shrimp detentions in US borders in 2017. Salmonella
was the only microbiological hazard in 40 cases.
The main chemical cause was residues of veterinary
drugs, followed by chloramphenicol, unauthorized
additives and nitrofurans.
Shrimp rejected at the US borders in 2017 by hazards

Filthy Salmonella Vet drugs Chloramphenicol Additives Misbranding Nitrofuran Adulteration
41 40
32
10
6 5 4 3
number cases
References:
• For further information you can visit the following website: www.fao.org/in-action/globefish/fishery-
information/border-rejections/en/
• Canadian Food Inspection Agency (CFIA)
• Rapid Alert System for Food and Feed (RASFF)
• Ministry of Health, Labour and Welfare
• US Food and Drug Administration (FDA)
66 GLOBEFISH Highlights | January 2018

EVENTS
2018 Global
Fishery Forum
and Seafood Expo
After the first successful experience
in 2017, the Global Fishery Forum
and Seafood Expo will reopen
in St. Petersburg, the Russian
Federation’s port city on the Baltic
Sea.
©EUROFISH
From 13 to 15 September 2018 the city of St.

Petersburg will host the second edition of the Global
Fishery Forum and Seafood Expo. THE EUROFISH BUSINESS PLATFORM
AT THE GLOBAL FISHERY FORUM
The event aims to create a common platform where AND SEAFOOD EXPO IN
fisheries companies, traders, packaging manufactures,
research centres, and retailers can discuss the status ST. PETERSBURG
and the latest developments of the seafood industry
and potential future progresses.
The Global Fishery Forum and Seafood Expo will
During the first edition, more than 5 000 people be held on 13–15 September 2018 at the ECC
visited the 161 stands of exhibiting companies, EXPOFORUM. The International Organisation for
while 80 speakers, 19 foreign delegations and 1 600 the Development of Fisheries and Aquaculture in
participants from different countries worldwide Europe (EUROFISH) will participate at the event
attended the Forum. with a Business Platform, a concept created for
the benefit of EUROFISH member countries. The
This year, the number of participating companies Business Platform hosts associations and SMEs,
will be doubled, and there will be a special place for
joint national stands of organizations from Norway, helping them to participate at international trade
Denmark, China and other countries. shows, to exhibit and promote their products and
services, to communicate with visitors and other
Members of the FAO GLOBEFISH team will be exhibitors, and to hold meetings with existing and
participating in the Seafood Expo with a dedicated potential business partners.
booth for the first time, intending to meet countries,
organizations, traders, industries and all fisheries In St. Petersburg, the Business Platform will host
stakeholders and to share points of view on how to a delegation of officials and traders from the
contribute together to a sustainable development for Turkish fisheries and aquaculture sector, interested
this important sector. in exploring the seafood market of the Russian
Federation and in introducing their products and
The Forum will also provide an opportunity to discuss services to Russian Federation processors, fish
seafood trade as an essential element in national and farmers and distributors.
global economies. Fish and fishery products are, in
fact, among the most traded products in the world For more information, please visit www.eurofish.dk
and 2017 has seen a significant increase to trade or contact Ms. Aleksandra Petersen at
values worldwide. aleksandra.petersen@eurofish.dk
More information on the Global Fishery Forum and
Seafood Expo can be found at rusfishexpo.com

67
FISH AND FISHERY PRODUCTS STATISTICS¹
Capture fisheries Aquaculture fisheries Exports Imports
production production
2015 2016 2015 2016 2015 2016 2017 2015 2016 2017
estim. estim. estim. estim.
Million tonnes(live weight equivalent) USD billion
ASIA2 50.7 50.2 67.9 71.5 51.8 54.5 57.7 41.6 43.7 48.1
China 18.7 18.5 47.4 49.5 22.2 22.6 23.1 13.4 14.0 15.9
of which China, Hong Kong SAR 0.1 0.1 0.0 0.0 0.8 0.8 0.7 3.6 3.8 3.6
& Taiwan Province of China 1.0 0.8 0.3 0.3 1.6 1.7 1.9 1.2 1.3 1.4
India 4.8 5.1 5.3 5.7 4.9 5.5 7.2 0.1 0.1 0.1
Indonesia 6.7 6.5 4.3 5.0 3.6 3.9 4.2 0.3 0.4 0.4
Japan 3.5 3.2 0.7 0.7 1.9 2.0 2.0 13.5 13.9 15.0
Korea, Rep. of 1.6 1.4 0.5 0.5 1.5 1.7 1.7 4.3 4.6 5.1
Philippines 2.2 2.0 0.8 0.8 0.8 0.7 0.9 0.4 0.4 0.5
Thailand 1.5 1.5 0.9 1.0 5.7 5.9 5.9 2.5 3.1 3.6
Viet Nam 2.8 2.8 3.4 3.6 6.8 7.3 7.5 1.3 1.3 1.4
AFRICA 8.8 9.3 1.8 2.0 6.0 6.4 6.8 5.2 5.5 5.7
Egypt 0.3 0.3 1.2 1.4 0.0 0.0 0.0 0.8 0.7 0.6
Morocco 1.4 1.4 0.0 0.0 2.0 2.1 2.2 0.2 0.2 0.2
Namibia 0.5 0.5 0.0 0.0 0.6 0.6 0.7 0.0 0.1 0.0
Nigeria 0.7 0.7 0.3 0.3 0.1 0.1 0.1 1.2 1.3 1.4
Senegal 0.4 0.5 0.0 0.0 0.4 0.4 0.4 0.0 0.0 0.0
South Africa 0.6 0.6 0.0 0.0 0.5 0.6 0.6 0.3 0.4 0.4
CENTRAL AMERICA 2.1 2.1 0.4 0.4 2.5 2.5 2.9 1.7 1.7 1.9
Mexico 1.5 1.5 0.2 0.2 1.0 1.0 1.3 0.8 0.8 0.9
Panama 0.1 0.1 0.0 0.0 0.2 0.2 0.2 0.1 0.1 0.1
SOUTH AMERICA 9.3 8.1 2.3 2.3 13.1 13.8 16.2 2.8 2.6 2.9
Argentina 0.8 0.8 0.0 0.0 1.5 1.7 2.0 0.2 0.2 0.2
Brazil 0.7 0.7 0.6 0.6 0.2 0.2 0.3 1.2 1.2 1.4
Chile 1.8 1.5 1.0 1.0 4.8 5.1 6.0 0.4 0.3 0.4
Ecuador 0.6 0.7 0.4 0.5 3.7 3.9 4.6 0.1 0.1 0.1
Peru 4.8 3.8 0.1 0.1 2.4 2.2 2.7 0.2 0.2 0.3
NORTH AMERICA 6.2 6.1 0.6 0.6 11.0 11.3 12.0 22.5 23.4 24.6
Canada 0.9 0.9 0.2 0.2 4.7 5.0 5.3 2.7 2.8 2.9
United States of America 5.0 4.9 0.4 0.4 5.9 5.8 6.1 19.8 20.5 21.6
EUROPE 14.1 13.7 2.9 2.9 46.0 50.9 53.4 51.9 56.9 60.9
European Union 2 5.3 5.2 1.3 1.3 29.8 32.8 34.8 47.2 52.0 55.7
of which Extra-EU " " " " 5.4 5.7 6.2 25.0 27.2 29.0
Iceland 1.3 1.1 0.0 0.0 2.1 2.0 2.0 0.2 0.1 0.1
Norway 2.3 2.0 1.4 1.3 9.2 10.8 11.3 1.2 1.2 1.2
Russian Federation 4.5 4.8 0.2 0.2 3.7 3.9 3.6 1.6 1.7 1.9
OCEANIA 1.4 1.4 0.2 0.2 2.9 3.0 3.2 1.8 1.8 2.0
Australia 0.2 0.2 0.1 0.1 1.1 1.0 1.1 1.4 1.5 1.6
New Zealand 0.4 0.4 0.1 0.1 1.1 1.2 1.2 0.2 0.2 0.2
WORLD 3
92.7 90.9 76.1 80.0 133.3 142.5 152.1 127.6 135.6 146.1
World excluding Intra-EU " " " " 108.9 115.4 123.5 105.4 110.8 119.4
Developing countries 68.3 67.4 71.6 75.5 72.1 76.0 82.3 37.6 39.3 43.1
Developed countries 24.4 23.6 4.5 4.5 61.1 66.6 69.8 90.0 96.4 103.0
LIFDCs 12.7 13.4 8.2 8.8 8.2 9.1 11.0 3.2 3.4 3.5
LDCS 8.7 9.2 3.5 3.7 2.9 3.1 3.3 1.1 1.1 1.2
NFIDCS 17.8 17.4 5.1 5.6 9.9 10.1 11.2 4.1 4.0 4.2
1
Production and trade data exclude whales, seals, other aquatic mammals and aquatic plants. Trade data include fish meal and fish oil.
2
Including intra-trade. Cyprus is included in Asia as well as in the European Union.
3
For capture fisheries production, the aggregate also includes 39 006 tonnes in 2015 and 5 229 tonnes in 2016 of not identified countries; data not included in any other aggregates.
totals may not match due to rounding
photo ©FAO/Giulio Napolitano
WORLD MAIN SQUID AND CUTTLEFISH IMPORTERS
By quantity (1 000 tonnes)
(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 346.46 378.97 451.90 443.30 294.58 293.71 0%
Spain 273.71 249.17 265.95 270.96 274.51 291.53 6%
Japan 150.18 168.86 158.66 151.94 161.53 183.10 13%
Italy 148.02 156.32 159.69 166.51 161.33 159.74 -1%
Thailand 0.00 0.00 0.00 189.19 151.34 146.40 -3%
Other countries 491.71 542.52 648.76 647.48 670.38 668.92 0%
Total 1410.09 1495.83 1684.95 1869.38 1713.66 1743.40 2%
By value (million USD)
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Spain 951.15 774.81 855.53 808.71 1085.17 1243.43 15%
Japan 1015.85 924.72 836.11 734.70 823.00 1017.51 24%
Italy 694.44 693.87 721.13 681.03 804.84 880.91 9%
China 598.28 634.68 707.89 662.10 602.27 636.05 6%
Republic of Korea 292.21 281.81 355.69 331.52 370.05 437.42 18%
Other countries 1597.69 1691.51 1750.83 1969.19 2397.17 2668.84 11%
Total 5149.63 5001.41 5227.20 5187.25 6082.51 6884.17 13%
photo: ©FAO/Alessia Pierdomenico
WORLD MAIN SQUID AND CUTTLEFISH EXPORTERS

(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 326.38 397.42 462.50 505.94 547.33 515.71 -6%
Peru 276.22 271.76 304.80 284.88 170.14 174.63 3%
India 143.58 174.49 155.92 150.36 162.75 172.02 6%
Spain 102.32 107.88 117.30 128.71 130.36 146.56 12%
Indonesia 65.77 71.35 64.12 84.11 108.66 102.75 -5%
Other countries 607.58 667.48 834.98 840.21 738.94 655.93 -11%
Total 1521.86 1690.38 1939.62 1994.20 1858.19 1767.61 -5%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 2107.86 2371.06 2635.68 2843.39 3226.36 3225.98 0%
India 512.54 580.98 525.00 496.25 642.44 758.23 18%
Spain 390.65 380.51 416.25 430.83 530.56 580.54 9%
Peru 414.72 408.56 519.73 366.14 333.48 396.71 19%
Thailand 468.61 414.06 413.68 344.23 354.90 362.59 2%
Other countries 1863.55 2136.36 2174.97 2065.36 2775.12 2532.46 -9%
Total 5757.92 6291.53 6685.30 6546.20 7862.86 7856.52 0%
Note:Viet Nam and Bangladesh data are not reported
Source: TDM
GLOBEFISH Highlights | October 2016

69
WORLD MAIN OCTOPUS IMPORTERS
(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Republic of Korea 70.31 66.73 84.35 87.05 84.55 80.34 -5%
Japan 58.18 68.06 49.65 60.00 56.53 54.30 -4%
Italy 48.80 48.48 52.02 56.56 60.31 53.44 -11%
Spain 34.37 45.37 47.00 56.90 55.27 58.38 6%
United States of America 16.91 15.61 19.27 22.84 20.77 25.66 24%
Other countries 48.38 58.29 56.29 63.22 65.99 69.59 5%
Total 276.94 302.53 308.58 346.58 343.43 341.71 -1%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Spain 277.17 235.38 346.84 379.16 417.00 592.89 42%
Japan 548.62 441.92 382.70 403.26 408.75 452.22 11%
Italy 327.43 242.28 323.10 322.07 350.01 405.25 16%
Other countries 331.04 309.12 335.92 358.49 385.81 489.29 27%
Total 1884.21 1607.02 1933.70 2019.87 2119.25 2601.47 23%
photo: ©FAO/GLOBEFISH
WORLD MAIN OCTOPUS EXPORTERS

(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 71.90 73.44 87.26 78.78 76.12 67.91 -11%
Morocco 35.83 61.85 44.18 63.02 61.14 56.06 -8%
Spain 27.80 29.26 28.69 32.45 37.25 40.33 8%
Indonesia 15.12 11.21 14.91 15.87 13.76 17.94 30%
India 10.25 8.32 8.12 10.30 11.84 13.69 16%
Other countries 43.69 49.98 58.15 69.48 69.27 66.47 -4%
Total 204.59 234.05 241.30 269.91 269.37 262.40 -3%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 502.88 523.10 650.85 552.15 567.45 584.43 3%
Morocco 298.28 344.42 359.17 432.57 466.29 538.66 16%
Spain 224.89 175.11 240.13 227.62 281.50 381.80 36%
Portugal 101.19 102.25 131.54 95.79 98.39 110.29 12%
Indonesia 73.87 42.03 57.85 60.60 53.10 84.16 58%
Other countries 191.33 144.69 254.31 302.84 320.47 399.74 25%
Total 1392.43 1331.60 1693.85 1671.58 1787.21 2099.07 17%
Note: Viet Nam and Bangladesh data are not reported
Source: TDM
70 GLOBEFISH Highlights | October 2016

WORLD MAIN TILAPIA IMPORTERS
(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
United States of America 205.22 211.49 216.38 215.33 187.99 175.14 -7%
Mexico 19.19 52.05 51.64 51.06 66.25 64.79 -2%
Côte d'Ivoire - - - 21.64 38.96 35.48 -9%
Zambia - - - 16.01 14.78 14.90 1%
Islamic Republic of Iran - - - 9.50 17.03 13.75 -19%
Other countries 58.02 96.17 90.09 88.16 79.64 90.75 14%
Total - - - 401.69 404.64 394.81 -2%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Mexico 54.32 168.71 169.23 136.01 155.43 147.77 -5%
Islamic Republic of Iran 0.00 0.00 0.00 44.05 66.29 47.80 -28%
Israel 24.94 15.19 46.09 37.71 48.49 43.31 -11%
Côte d'Ivoire 0.00 0.00 0.00 28.82 43.50 38.31 -12%
Other countries 217.38 336.36 324.26 285.64 257.28 265.03 3%
Total 1207.87 1521.20 1621.82 1493.09 1309.97 1204.00 -8%
photo: ©yodaswaj/Fotolia
WORLD MAIN TILAPIA EXPORTERS

(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 290.79 316.75 309.44 285.91 279.23 268.19 -4%
Taiwan Province of China 0.00 0.00 26.23 22.19 21.34 22.63 6%
Indonesia 0.00 14.45 16.97 14.68 11.88 9.18 -23%
Honduras 7.45 11.68 11.69 11.86 9.83 8.63 -12%
Netherlands 3.22 4.54 4.45 5.06 4.57 8.37 83%
Other countries 19.73 41.85 50.57 57.10 53.05 47.00 -11%
Total 321.18 389.26 419.36 396.79 379.90 364.01 -4%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 907.20 1078.89 1089.56 872.43 776.95 716.86 -8%
Indonesia - 78.95 98.22 89.70 71.42 57.44 -20%
Taiwan - 0.00 69.11 63.43 51.45 49.31 -4%
Honduras 56.80 66.92 66.76 72.10 57.60 47.44 -18%
Colombia 20.14 29.20 37.44 42.16 38.71 41.69 8%
Other countries 116.90 200.76 201.72 206.28 195.74 189.58 -3%
Total 1101.05 1454.73 1562.81 1346.09 1191.87 1102.31 -8%
Source: TDM

71
WORLD MAIN CATFISH IMPORTERS
(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Mexico 18.07 46.27 53.91 59.57 56.63 59.77 6%
China 4.51 9.00 8.99 16.94 33.54 53.59 60%
Brazil 12.72 23.39 46.51 31.08 33.82 43.03 27%
Thailand - - - 20.63 24.84 27.99 13%
Other countries 245.04 302.93 299.06 267.67 332.76 255.02 -23%
Total 388.18 500.49 517.28 510.36 618.76 551.03 -11%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Mexico 40.76 98.31 111.34 111.04 90.79 107.71 19%
Spain 90.74 76.68 78.56 58.85 51.32 18.06 -65%
Brazil 28.74 46.52 91.55 57.16 51.73 94.78 83%
Netherlands 68.06 59.47 56.96 54.14 48.81 49.29 1%
Other countries 517.50 593.77 588.17 592.34 620.50 667.58 8%
Total 1114.60 1241.81 1277.13 1227.58 1269.81 1321.25 4%
photo: ©FAO Aquaculture photo library / J. Aguillar
WORLD MAIN CATFISH EXPORTERS

(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Viet Nam 354.67 458.81 478.02 473.15 539.52 510.42 -5%
China 7.62 11.83 13.35 9.96 8.35 8.09 -3%
Netherlands 9.66 7.39 5.73 5.31 5.17 9.93 92%
Indonesia 0.00 7.76 4.83 6.72 11.12 5.30 -52%
Belgium 4.79 4.65 4.84 4.52 4.30 3.91 -9%
Other countries 25.12 22.48 21.68 22.38 23.61 29.58 25%
Total 401.85 512.92 528.43 522.04 592.06 567.24 -4%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Viet Nam 976.83 1096.41 1129.18 1095.84 1140.55 1182.79 4%
China 31.56 47.21 63.60 49.36 50.47 41.34 -18%
Netherlands 42.04 31.03 23.06 18.51 19.97 36.20 81%
Belgium 22.55 21.68 21.17 18.30 16.99 16.27 -4%
Germany 18.90 17.75 12.94 10.82 9.45 10.13 7%
Other countries 49.77 69.95 57.18 54.45 62.19 59.53 -4%
Total 1141.65 1284.04 1307.13 1247.29 1299.62 1346.26 4%
Source: TDM

WORLD MAIN SALMON IMPORTERS
(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Sweden 456.89 452.70 494.12 557.98 523.50 462.07 -12%
China 146.79 210.09 199.71 192.30 209.58 209.61 0%
Japan 212.27 196.36 179.74 211.89 200.15 202.49 1%
Denmark 165.34 166.54 186.27 186.99 183.26 194.03 6%
Other countries 1065.35 1314.94 1423.23 1470.66 1435.09 1442.17 0%
Total 2318.72 2637.14 2798.19 2963.16 2903.56 2881.54 -1%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Sweden 2389.95 3238.66 3460.57 3176.03 3849.55 3628.87 -6%
Germany 1028.78 1383.62 1648.73 1408.80 1763.38 1842.17 4%
Japan 1386.74 1235.73 1372.08 1320.91 1369.29 1659.61 21%
Denmark 870.13 1197.12 1347.84 1102.89 1387.41 1571.49 13%
Other countries 6380.21 9317.29 10328.30 9018.11 10568.36 11853.73 12%
Total 14014.95 18926.48 21063.26 18725.59 22136.77 24282.53 10%
WORLD MAIN SALMON EXPORTERS

(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Norway 985.53 947.73 988.97 1025.04 971.94 984.27 1%
Chile 326.45 391.89 464.56 497.58 441.10 451.85 2%
Sweden 412.73 411.23 446.53 511.95 486.66 421.15 -13%
Denmark 140.08 149.50 163.83 167.11 165.08 167.96 2%
Other countries 569.01 796.20 825.79 818.97 896.85 815.20 -9%
Total 2608.39 2940.26 3103.70 3275.87 3161.00 3094.82 -2%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Norway 5056.24 6687.39 6901.98 5852.39 7295.01 7792.03 7%
Chile 1810.95 2521.02 3354.35 2830.51 3177.65 3815.22 20%
Sweden 2120.67 2884.25 3146.16 2952.92 3616.74 3332.59 -8%
Denmark 881.96 1214.00 1309.60 1090.34 1364.90 1509.44 11%
Poland 718.59 976.25 1093.21 930.63 1072.11 1269.91 18%
Other countries 4288.28 5354.51 5800.55 5596.27 6191.43 6956.92 12%
Total 14876.70 19637.43 21605.85 19253.07 22717.85 24676.11 9%
Source: TDM

73
WORLD MAIN FISH MEAL IMPORTERS
(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 1249.36 980.62 1041.64 1030.52 1042.36 1582.83 52%
Norway 249.78 214.35 225.94 181.96 175.89 193.41 10%
Japan 257.09 199.65 253.95 230.52 157.48 180.02 14%
Turkey 65.60 73.42 81.11 79.33 108.02 124.01 15%
Other countries 1093.59 1090.16 1186.25 1055.93 1098.12 1026.28 -7%
Total 2915.41 2558.20 2954.49 2721.42 2708.66 3251.06 20%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 1693.12 1675.69 1562.11 1797.53 1616.29 2228.36 38%
Norway 398.28 383.57 398.61 292.90 311.19 289.05 -7%
Japan 356.20 318.25 377.29 368.51 226.51 249.14 10%
Turkey 89.27 115.56 109.51 119.81 151.32 157.14 4%
Other countries 1504.84 1701.18 1779.07 1564.11 1577.30 1366.36 -13%
Total 4041.71 4194.25 4441.41 4345.34 4051.31 4473.47 10%
WORLD MAIN FISH MEAL EXPORTERS

(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Peru 1352.40 866.33 868.30 709.47 644.46 977.40 52%
Denmark 184.80 194.60 177.65 214.62 168.42 244.80 45%
Chile 309.27 239.45 257.68 193.61 191.64 207.99 9%
Morocco 88.91 83.98 136.98 110.88 134.57 139.08 3%
Other countries 912.01 894.19 1011.07 1169.50 1122.09 1009.21 -10%
Total 2991.64 2427.84 2612.21 2546.63 2415.34 2735.78 13%
(1 million USD)
Change: 2017
2014 2015 2014 2015 2016 2017
over 2016
Peru 1797.51 1388.64 1356.67 1175.72 1014.05 1384.72 37%
Denmark 274.83 344.24 303.23 346.33 289.62 368.13 27%
Chile 440.21 416.35 426.47 357.40 327.11 322.46 -1%
Iceland 178.41 216.71 137.28 221.97 120.33 168.35 40%
Other countries 1006.772211 1147.802217 1312.288127 1439.364339 1609.086967 1292.459923 -20%
Total 3843.26 3699.39 3732.95 3722.58 3583.29 3718.00 4%
Source: TDM

WORLD MAIN FISH OIL IMPORTERS
(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Norway 189.21 168.30 180.46 185.91 191.87 193.10 1%
Denmark 166.30 98.56 122.30 89.56 94.84 97.78 3%
Chile 70.33 41.85 58.65 70.59 50.47 59.65 18%
China 43.59 65.54 45.97 48.68 33.80 54.58 61%
Canada 50.05 33.66 36.84 30.81 39.02 51.11 31%
Other countries 330.97 264.87 291.84 493.14 349.99 364.07 4%
Total 850.45 672.78 736.06 918.69 759.98 820.29 8%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Norway 335.63 358.68 356.61 393.66 391.81 334.78 -15%
China 78.38 118.07 95.57 100.79 99.52 142.65 43%
Denmark 290.05 201.18 230.55 174.02 183.48 139.43 -24%
Canada 111.56 108.44 106.56 87.41 103.12 133.13 29%
Other countries 805.41 742.83 749.93 762.64 755.26 758.52 0%
Total 1713.01 1639.67 1642.92 1631.77 1632.19 1621.68 -1%
photo: ©naturalpastels on Pixabay
WORLD MAIN FISH OIL EXPORTERS

(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Peru 311.84 125.90 163.07 116.76 95.05 165.03 74%
Denmark 149.70 119.75 140.09 118.07 142.61 146.75 3%
Norway 68.48 66.75 82.45 86.58 83.90 88.50 5%
Chile 70.53 67.13 85.27 79.57 68.67 61.48 -10%
Other countries 227.16 207.24 217.40 248.79 278.17 306.13 10%
Total 868.61 654.48 767.30 703.32 743.11 829.25 12%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Peru 541.67 342.38 395.41 293.34 270.33 320.60 19%

Denmark 268.25 261.14 274.18 242.48 269.22 232.82 -14%
China 81.76 113.12 123.18 162.31 133.50 123.55 -7%
Norway 118.95 123.00 125.40 118.28 114.42 107.60 -6%
Other countries 587.13 605.96 585.07 552.70 618.42 646.28 5%
Total 1681.64 1580.30 1655.93 1498.55 1569.23 1558.68 -1%
Source: TDM
75
WORLD MAIN LOBSTER IMPORTERS
(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Canada 31.47 29.97 32.25 31.46 32.70 25.42 -22%
China 10.36 13.56 17.41 18.10 22.05 27.46 25%
France 8.41 8.55 8.71 8.53 8.20 11.04 35%
China, Hong Kong SAR 12.03 9.64 8.02 6.50 7.55 7.68 2%
Other countries 34.22 37.59 42.63 43.00 43.85 47.15 8%
Total 152.86 157.77 170.57 173.23 175.60 177.60 1%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 327.18 464.62 576.67 555.91 667.05 837.96 26%
Canada 234.63 257.06 334.54 340.84 357.86 264.10 -26%
France 171.53 172.81 181.24 178.58 183.36 211.53 15%
China, Hong Kong SAR 289.38 175.62 138.70 132.44 152.31 142.20 -7%
Other countries 576.21 638.31 733.51 768.54 841.88 888.81 6%
Total 2707.99 2835.96 3259.10 3401.14 3548.49 3670.45 3%
photo: ©FAO/Vasily Maksimov
WORLD MAIN LOBSTER EXPORTERS

(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Canada 59.98 62.99 74.66 83.29 83.87 84.89 1%
United Kingdom 3.49 3.89 4.73 4.09 5.21 9.96 91%
Australia 7.42 7.90 8.48 8.24 8.50 8.93 5%
Belgium 2.44 2.58 2.55 2.98 2.96 3.59 21%
Other countries 36.36 38.95 31.55 33.68 35.42 36.82 4%
Total 159.66 168.69 180.70 188.97 194.54 194.65 0%
(1 million USD)
Change: 2017
2014 2015 2014 2015 2016 2017
over 2016
Canada 1086.62 1111.28 1378.51 1582.93 1625.70 1647.29 1%
United States 527.67 626.19 762.25 752.95 798.87 694.47 -13%
Australia 422.96 485.17 594.71 551.99 529.86 526.27 -1%
New Zealand 180.43 204.96 221.94 213.15 229.63 199.69 -13%
United Kingdom 56.45 62.77 75.72 64.24 77.13 145.70 89%
Other countries 567.05 659.66 625.35 638.63 597.15 627.76 5%
Total 2841.18 3150.03 3658.48 3803.89 3858.34 3841.18 0%
Source: TDM

WORLD MAIN CRAB IMPORTERS
By quantity (1000 tonnes)
(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 61.35 57.76 56.01 53.11 65.47 76.26 16%
Japan 78.25 60.82 58.78 48.90 48.96 40.76 -17%
Thailand - - - 6.25 11.48 16.67 45%
Other countries 90.09 102.88 122.43 107.02 109.37 109.88 0%
Total 358.51 360.24 376.81 368.04 387.49 398.39 3%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
Japan 1070.26 764.22 813.03 718.82 829.62 763.56 -8%
China 460.39 493.19 496.44 500.50 614.35 770.58 25%
China, Hong Kong SAR 218.93 248.48 245.24 184.12 175.70 187.30 7%
Other countries 546.51 685.09 798.73 756.38 837.76 877.38 5%
Total 3851.76 3810.54 4229.06 4029.11 4399.75 4974.52 13%
photo: ©Johan Wildhagen/Norwegian Seafoood Council
WORLD MAIN CRAB EXPORTERS

(1 000 tonnes)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 78.76 77.07 79.64 82.17 74.56 75.02 1%
Canada 70.68 73.63 71.18 69.37 66.26 72.49 9%
Russian Federation 0.00 28.45 42.16 45.60 52.10 63.74 22%
Indonesia 0.00 34.17 28.09 23.75 29.04 27.37 -6%
Other countries 85.38 93.32 102.84 109.51 122.53 121.43 -1%
Total 272.45 337.19 354.09 352.60 367.69 381.10 4%
(1 million USD)
Change: 2017
2012 2013 2014 2015 2016 2017
over 2016
China 1083.29 1083.85 1204.49 1213.39 1094.16 1106.13 1%
Canada 764.75 816.71 833.76 777.44 857.98 1134.45 32%
Russian Federation 0.00 285.61 468.90 488.46 583.14 842.78 45%
Indonesia 0.00 359.30 414.37 309.73 321.84 411.36 28%
Other countries 704.04 794.91 1006.02 985.88 1117.83 1182.49 6%
Total 2865.30 3615.95 4224.97 4041.39 4252.04 4914.45 16%
Source: TDM

77
For more information please contact:
Food and Agriculture Organization of the United Nations
GLOBEFISH, FIAM
Fisheries and Aquaculture Policy and Resources Division
Products, Trade and Marketing Branch
Viale delle Terme di Caracalla
00153 Rome - Italy
(+39) 06 57052884 globefish@fao.org www.fao.org/in-action/globefish @FAOfish
ISBN 978-92-5-130657-4
9 7 8 9 2 5 1 3 0 6 5 7 4
BU674EN/1/06.18

GLOBEFISH Highlights 2018

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2nd

APRIL 2018 ISSUE, with Annual 2017 Statistics

GLOBEFISH Highlights | April 2018

The GLOBEFISH Highlights is based on information

This issue of GLOBEFISH Highlights has been prepared by

Weiwei Wang provided coordination, Rita Monteiro Pierce

APMDA Agro Processing and Market Development Authority

ACRONYMS AND ABBREVIATIONS 5

GLOBAL FISH ECONOMY 14

BASS & BREAM 39

6 GLOBEFISH Highlights | April 2018

FISH MEAL & FISH OIL 51

FOOD SAFETY ISSUES 64

APENDIX STATS 68-77

GLOBEFISH Highlights | April 2018

8 GLOBEFISH Highlights | April 2018

GLOBEFISH Highlights | April 2018

10 GLOBEFISH Highlights | April 2018

bass & Bream

GLOBEFISH Highlights | April 2018

Bumper year for

14 GLOBEFISH Highlights | April 2018

FAO Fish Price Index

Source: Norwegian Seafood Council

GLOBEFISH Highlights | April 2018

In 2018, the supply outlook is mixed across the main

shrimp output 75 to 80 percent of the production originated in

increased by World Production of Farmed Shrimp, in 1 000 tonnes

in 2017 Viet Nam

There was a change in market Thailand 300 305

direction from West to East, where Philippines 60 65-70

China played a strong role in 2017. Bangladesh 50 55-60

Local demand in many producing Malaysia 30 32-35

In its 2017 annual review, Aqua Culture Asia Pacific

GLOBEFISH Highlights | April 2018

Shrimp catches in Argentina reached more than 300 680

18 GLOBEFISH Highlights | April 2018

Viet Nam and Thailand were the main suppliers to

GLOBEFISH Highlights | April 2018

20 GLOBEFISH Highlights | April 2018

USD/lb count 36/40 (India)

Headless, shell-on farmed vannamei, Ex-warehouse, New York, USA

In early 2018 the US shrimp inventory remained high,

In Europe, buyers await lower prices with anticipated

In Japan shrimp consumption will increase during

Since late December 2017, the Chinese authorities

canneries. Catch improved starting in November

Catch was moderate to good in the Eastern Pacific

In the Indian Ocean, landings were moderate and

Yellowfin tuna Fresh and frozen tuna market

22 GLOBEFISH Highlights | April 2018

The US market has emerged as the leading importer 20 175

competition from more affordable salmon imported

GLOBEFISH Highlights | April 2018

24 GLOBEFISH Highlights | April 2018

Source: US-NMFS (includes cooked loins)

European Union (Member Organization)

GLOBEFISH Highlights | April 2018

26 GLOBEFISH Highlights | April 2018

The A season for Pacific cod in the Bering Sea started

GLOBEFISH Highlights | April 2018

120 225 60 200

For several years, the Norwegian Seafood Council