Salmon Market Analysis 2007
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1 Salmon Market Analysis 2007 April 2008 Systemizing the World of Aquaculture and Fisheries Industriveien 18, NO-6517 Kristiansund N Norway Tel.: Fax: mail@kontali.no KONTALI ANALYSE AS
2 SALMON MARKET ANALYSIS Introduction 2007 Content: Page EUROPE West Spain 1 France 9 Italy 17 The Netherlands 25 Belgium/ Luxembourg 33 United Kingdom 41 EUROPE East Sweden 50 Finland 57 Estonia 64 Latvia 71 Lithuania 78 Poland 85 Germany 92 AMERICA USA 100 Canada 108 Mexico 115 Brazil 122 Argentina 129 FAR EAST Japan 136 China 144 Hong Kong 151 Taiwan 157 Thailand 163 Singapore 170 South Korea 176 OTHER MARKETS Switzerland 183 Russia 191 Ukraine 198 Israel 205 Australia 210
3 Introduction The analysis is worked out in order to give an overview of supply trends in several major salmon markets over the last years. The selection criteria are supply volume and growth in supply. The latest available figures are used: in the sections concerning supply of salmon, the figures are updated for Some figures presented in other sections, such as macro figures and FAO figures, are older. In the report salmon supply trends are compared with supply trends of other fish species. In regard to supply trends for other fish species, we have changed the figures from supply figures to consumption figures. This is due to changed reporting from the FAO. The analysis presents both supply trends in volumes and values (expressed as total supply and supply per capita). There are some changes in Salmon Market Analysis (SMA) 2007 compared with last years issue. Due to the fact that Poland have become on of the major processing countries of salmon and exports significant volumes of value added products, the country is in the analysis also included as a supplier. Australia is added as a new market For salmon producing markets consumption figures are calculated. For these markets historical consumption figures are revised based on new market simulation models. Each market has a front page which contains a short extract of trends seen in the respective market in 2007 or in a longer perspective.. Definitions The figures in the section salmon supply are expressed in tonnes product weights. Other supply figures in the analysis are in WFE (whole fish equivalent). For some markets consumption of salmon is calculated. These figures are expressed in tonnes WFE. In order to compare WFE figures and product weight figures, product weight figures have to be converted to WFE or the opposite. The following conversion rates are used: Harvest weight Round bled fish (wfe) Atlantic salmon Trout Coho 100 % 100 % 100 % Offal 10 % 12 % % Gutted fish, approx. 90 % % % Head, approx. 7 9 % 8 % % Head off, gutted % % % Fillet skin on % 60 % 60 % Fillet skin off/ portions % 50 % 50 %
4 In the report the term supply is used. Supply is defined as the volumes/amounts of salmon and trout total exported to each market, - not adjusted for re-export. In the section Salmon Supply the supply of salmon is presented on product groups. The products included in the product groups are as follows: Fresh Atlantic salmon: fresh gutted farmed Atlantic salmon, mainly head on Fresh Pacific salmon: fresh Pacific salmon, both round and gutted, both farmed and wild (depending on supplying nation), mainly head on Fresh Coho: mainly gutted, both farmed and wild (depending on supplying nation), mainly head on. Fresh Trout: gutted farmed, mainly head on Frozen Atlantic salmon: gutted, both head on and head off Frozen Pacific salmon: mostly gutted, head off Frozen Coho: gutted, mainly head off Frozen Trout: gutted mainly head off Fresh Atlantic salmon fillets: contains several fillet trimmings, mainly skin on Fresh Trout fillets: contains several fillet trimmings, mainly skin on Frozen Atlantic salmon fillets: contains several fillet trimmings, a large share is assumed to be skin off. Except Chile, the product group also contains portions. Frozen Trout fillets: contains several fillet trimmings, a large share is assumed to be skin off. Other Atlantic salmon: For Chile this product group contains salmon portions. For other countries, all other products except from these specifically listed, are included. Smoked salmon: mostly smoked salmon fillets Smoked Trout: mostly smoked trout fillets Canned salmon (pacific): mostly canned pink and canned sockeye. Salmon market prices (wholesale prices) are expressed in local currency, while fob export prices are expressed in the currency of the supplying country. In the Macro figures section, some figures are marked with E indicating that these figures are estimates made by the OECD. Special methodologies Over the last 10 years supply figures (export stat.) have proven to be much more reliable than imports stats. This applies especially for the European Community. Therefore, imports figures for the markets included in the report will differ from the figures presented in the analysis. For some markets there are limited macro and seafood supply data available. For these markets, the sections mentioned differ from other markets. When calculating supply values, yearly average exchange rates are used. Salmon prices presented in the analysis are selected based on an evaluation of supply volumes. For some markets historical data are missing. This is especially applicable for Poland which entered the European Community in 2004.
5 Sources used in the report: - Statistics Norway - Servicio Nacional de Aduanas - Statistics Canada - BTS - Forvus - Statistics Denmark - Statistical Bureau of the Faeroe Islands - Ireland Central Statistics Office - US Bureau of Census - Japan Tariff Assoc. - Japan Customs - OECD - ZMP - FAO - World Bank - European Commission - Eurostat - World Tariff - De Nederlandsche Bank - Alaska Dep. of Fish and Game - BANR - AMECO SALMON MARKET ANALYSIS 2007 PUBLISHED BY: Kontali Analyse AS PROJECT MANAGER: Jan Erik Øksenvåg: jan.erik.oksenvag@kontali.no DESIGN/LAYOUT: Monica Eikrem: monica.eikrem@kontali.no DATA PROCESSING Monica Eikrem: monica.eikrem@kontali.no Knut Utheim: knut.utheim@kontali.no CONTACT INFO: KONTALI ANALYSE AS Industriveien 18 N-6517 KRISTIANSUND N Norway Tel: Fax: mail@kontali.no web page:
08 / Industriveien 18 Phone: N Kristiansund Fax:
Aquaculture Bulletin HEADLINES 08 / 2006 - a guideline for investors in the aquaculture business * Still high prices on the wholesale markets in the EU, with total supply of Atlantic salmon up with 4.6
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