UK Trade Statistics 2016

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1 Value ( million) Rate of Exchange (USD against GBP) ORNAMENTAL AQUATIC TRADE ASSOCIATION LTD. "The Voice of the Ornamental Fish Industry" 1 st Floor Office Suite, Wessex House 4 Station Road, Westbury, Wiltshire United Kingdom BA13 3JN T: +44 () F: +44 () info@ornamentalfish.org UK Trade Statistics 216 August Total Import Values The value of imports for 216 experienced an increase of 6.9 % compared to the previous year, totalling 17 million compared to 15.9 million in 214 (Figure 1). Total import value data for is summarised in Table Value ( million) Exchange Rate Figure 1. Value of ornamental fish imports into the UK ( million) and Rate of Exchange (USD against GBP) for the years of The Rate of Exchange is based on each year s average exchange rate (25 to 216). Source: Bank of England Table 1. Total annual value ( million) of ornamental fish imports into the UK (25 216) Value However, in light of the Brexit vote in June 216, it should be noted that this increase in the value of ornamental fish imports may reflect the fluctuations in the exchange rate post-brexit vote (see Figure 2) rather than being related to volumes of trade or the price of fish. 1

2 Rate of Exchange (USD against GBP) Value and Volume of Fish Imports into the UK: May June July August September October November December Month 216 Figure 2. Rate of Exchange (USD against GBP) pre- and post-brexit vote 216. The Rate of Exchange shown above is based on each month s end exchange rate (May to December 216). Source: Bank of England 2. Freight Weight Due to fluctuations in currency rates of exchange and changes in the price of fish or freight, import values are not considered a reliable indicator of the total number of fish imported into the UK. Assuming that packaging conditions (materials used, volume of water and approximate number of specimens per container) remain fairly constant, freight weight might be a better indicator of total number of fish imported. Total Freight Weight During 216 there was a 2.2% decrease in the total freight weight of ornamental fish imported relative to 215. This represents 1,362 tonnes for 216 compared to 1,393 tonnes in 215. This is the lowest value in the last 15 years and almost 4% less in relation to total freight weight in 25 when total imports reached 2,271 tonnes (see Figure 3). 2

3 Total Freight Weight (tonnes) Number of UK Importers Value and Volume of Fish Imports into the UK: Total Freight Weight (tonnes) Number of UK Importers Figure 3. Total freight weight (tonnes) of ornamental fish imports into the UK and number of importers for Freshwater vs Marine Freight Weight and Value For 216, freshwater imports again accounted for almost 75% of the total freight weight imported into the UK and about 8% of the value. While this trend has remained fairly constant in the last couple years, longer term comparisons show a continued slow but steady increase in the proportion of marine imports, which back in the 199s were only 1% of the total freight weight imported but which now account for almost 25%. 216 saw a reduction in freight weight of 3% for freshwater imports and.2% in marine imports, compared to 215 (Figure 4). Table 2 and Figure 4 present data on freight weight and value of imports for selected years between 199 and 216. Figure 5 presents data in tonnes of freshwater fish imported by month in 216. It is interesting to note that imports in 25 experienced additional peaks in the summer and in the month of November, relative to 215 and 216 where there is only one peak in imports at the beginning of spring. 3

4 Freight Weight (tonnes) Weight (tonnes) Value and Volume of Fish Imports into the UK: 216 Table 2. Changes in proportions of freshwater and marine fish imports by freight weight and value 1 Year Total freight weight (tonnes) Freshwater as proportion of total freight weight (%) Marine proportion of total freight weight (%) Freshwater as proportion of total value (%) Marine as proportion of total value (%) , , , , , , , , Year Freshwater Marine Figure 4. Changes in freight weight of freshwater and marine fish imports between 1991 and Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Month Figure 5. Freight weight (tonnes) of freshwater fish imported by month 1 Refer to Table 1 for total annual value ( million) of ornamental fish imports into the UK (25 216) 4

5 Value and Volume of Fish Imports into the UK: Top sources of UK ornamental fish imports In 216, the UK imported ornamental fish from a total of 39 countries outside the European Union. Of these, the top 1 countries are responsible for 86.1% of the value of all ornamental fish imports into the UK, compared to 81.4% in 214 (Figure 5). Top 1 countries of origin relative to previous years are listed in Table 3. Figure 6. Top 1 countries of origin of ornamental fish as a percentage of the total value of imports to the UK for 216. The Top 5 countries accounted for 7.6% of the total value whilst the next 5 countries in the Top 1 accounted for 15.5% Table 3. Top 1 countries of origin of ornamental fish imports into the UK by year Rank st Singapore Singapore Singapore Singapore Singapore 2nd Israel Israel Israel Israel Israel 3rd Japan Indonesia Indonesia Indonesia Indonesia 4th Sri Lanka Japan Japan Japan Japan 5th Indonesia U.S.A. Thailand Thailand Thailand 6th Thailand Thailand U.S.A. Sri Lanka Sri Lanka 7th U.S.A. Sri Lanka Sri Lanka U.S.A. U.S.A. 8th Philippines Philippines Philippines China & Hong Kong China & Hong Kong 9th Maldives Maldives Maldives Maldives Malaysia 1th Colombia Colombia Kenya Malaysia Maldives With regards to imports of freshwater fish, during 216 the UK imported from 29 different countries outside the EU. The top 5 countries of origin account for nearly 82% of the total value for freshwater fish imports. Similarly, during 216, the UK imported marine fish from 26 different countries. The top 5 countries of origin account for just over 72% of the total value of marine imports. The top 5 countries of origin for both freshwater and marine fish remain unchanged from 215. Table 4 lists the top 5 countries of origin for freshwater and marine fish for 216 by value. Table 5 lists all countries of origin for both freshwater and marine ornamental imports. 5

6 Value and Volume of Fish Imports into the UK: 216 In relation to imports from the EU, during 216, the UK imported ornamental fish from a total of 6 European countries (Denmark, France, Germany, Irish Republic, Netherlands and Portugal). With respect to freshwater fish, the UK imported a value of 26,39 from the EU, with the majority (69.6%) from the Irish Republic. For marine fish, the UK imported a value of 53,63 from the EU, with the majority (84.6%) from the Netherlands. Table 4. Top 5 countries of origin for freshwater and marine ornamental fish imports into the UK in 216 Rank Freshwater exporters Marine exporters 1 st Singapore Indonesia 2 nd Israel United States of America 3 rd Japan Philippines 4 th Indonesia Maldives 5 th Thailand Kenya Figure 7: Map indicating countries of origin (both non-eu and intra-eu) for all freshwater and marine ornamental fish imports into the UK during 216. Key to map: Red marker = Freshwater (Non EU); Blue marker = Freshwater & Marine (Non EU); Green marker = Marine (Non EU); Yellow marker = Freshwater & Marine (Intra EU); Purple marker = Freshwater (Intra EU). 6

7 Value and Volume of Fish Imports into the UK: 216 Table 5. Countries of origin for all freshwater and marine ornamental fish imports into the UK during 216 COUNTRY FRESHWATER MARINE Australia Brazil Burundi Canada China Colombia Congo Dem. Rep. (Zaire) Congo Republic Djibouti Dominican Republic Egypt Fiji Hong Kong India Indonesia Iran Israel Japan Kenya Madagascar Malawi Malaysia Maldives New Caledonia Nicaragua Nigeria Palau Paraguay Peru Philippines Senegal Singapore South Africa Sri Lanka Surinam Taiwan Tanzania Thailand U.S.A. United Arab Emirates Vanuatu Vietnam Intra-EU Denmark France Germany Irish Republic Netherlands Portugal 7

8 Value (E per Kg) Exchange Rate (USD against GBP) Value and Volume of Fish Imports into the UK: Value per Kilogram of ornamental fish imports The graph below illustrates the direct link between the value (cost) of fish arriving in the UK and the strength of Pound Sterling. A weakening Pound Sterling means that anything paid for in US Dollars usually costs more Year Freshwater Marine FW + Marine Exchange Rate Figure 8. Value per kilo (Kg) of freshwater and marine fish freight over the last 11 years 5. Main ports for ornamental fish imports Heathrow remains the main airport for imports. Table 6 shows the percentage of total freight weight through Heathrow, Manchester and Gatwick airports in 21, 215 and 216. Figure 9 shows total freight in tonnes through each of these ports for 24 and 216. Other ports of entry into the UK were Belfast and Edinburgh airports, which received a combined total of.4 tonnes of freshwater fish. In relation to imports to the UK from the EU, the ports of entry are unknown. The reason for this is that UK Customs do not collect UK port of entry data for goods which are dispatched from within the EU. Table 6. % of total freight weight of ornamental fish imports received through different airports in 21, 215 and London Heathrow 68% 78% 8% Manchester 28% 18% 18% Gatwick 3% 3% 2% 8

9 Total Freight Weight (tonnes) Value and Volume of Fish Imports into the UK: Airport Heathrow Manchester Gatwick Figure 9. Total freight weight of ornamental fish received by Heathrow, Manchester and Gatwick airports in the UK between 24 and 216 9

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