1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia...
Transcript of 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia...
![Page 1: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/1.jpg)
Greenland@ ICWPF 2014, Paris
![Page 2: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/2.jpg)
Intro
![Page 3: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/3.jpg)
RG sales of CWP in 2013-14
3
6%
Asia
1%
Other
13%
Russia
Scand.
36%
24%CentralEurope
15%
UK
7%
Japan
4%
Asia
0%
Other
7%
Russia
Scand.33%
26%
CentralEurope
19%UK
11%
Japan
Volume Net turn
Overall Europe is Royal Greenland’s largest market in terms of volume, turnover and profitAsia’s importance to Royal Greenland is growing year by yearOur new strategy has a clear focus on the North Atlantic species
CWP is for the coming years expected to decline in volume, but maintain turnover level
![Page 4: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/4.jpg)
RG Prawn Production Entities
Trawler division (Nuuk, Greenland) Ownership in a number of trawlers and smaller fishing boats as well as numerous partnerships
Landbased production (Greenland)- Ilullisat - Inshore- Sisimiut – Off- and Inshore
- Both factories are peeling at approximately half of the maximum capacity
Repack (Denmark)- Aalborg (frozen, brine), Glyngøre (license prod. MAP)
![Page 5: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/5.jpg)
RG Fleet
Production capacity: 110 tons/day
Catch capacity: 7-10,000 tons/year
Hold capacity: 450-750 tons
Type: Ocean-going prawn trawler
Production capacity: 110 tons/day
Catch capacity: 7-10,000 tons/year
Hold capacity: 450-750 tons
Type: Ocean-going prawn trawler
Production capacity: 110 tons/day
Catch capacity: 7-10,000 tons/year
Hold capacity: 600 tons
Type: Ocean-going prawn trawler
Totally Royal Greenland operates 14 vessels:
• 4 large vessels are dedicated to catching cold water prawns
The trawler division catches 40.000 tons of sea food annually
Prawns and halibut account for 80% of total catch. The rest consists predominantly of cod, redfish and cat fish.
320 people are employed in the fishing activities
Production capacity: 60 tons/day
Catch capacity: 6,000 tons/year
Hold capacity: 130 tons
Type: Inshore prawn trawler
![Page 6: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/6.jpg)
Areas
![Page 7: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/7.jpg)
AreasOur main fishing areas for Pandalus Borealis:
Fishery active in early 00’s
Over the recent years, prawns have migrated further North.Including Inshore fishery.
Recent trial fishery has given limited volumes as far North as the Melville Bay
![Page 8: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/8.jpg)
The Greenlandic Prawn Stock
![Page 9: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/9.jpg)
Catch & TAC DataEast Greenland Prawn Volume – 1978 to 2013
(2014 catches until July)
Source: Greenland Nature Institute: Report Advice September 2014 for 2015
Comments - Since 2003, catch and TAC has been reduced, but from a low level.
![Page 10: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/10.jpg)
Biomass DataEast Greenland Biomass Survey – 2008 to 2014
Source: Greenland Nature Institute: Report Advice September 2014 for 2015
Comments - The biomass survey reveals no further changes to the stock.
![Page 11: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/11.jpg)
Catch & TAC DataWest Greenland Prawn Volume – 1970 to 2014
Source: Greenland Nature Institute: Report Advice September 2014 for 2015
Comments • The prawn stock is continuing to spawn North, expectedly correlating with the increase of
the cod biomass in the Southern areas.
![Page 12: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/12.jpg)
Biomass DataWest Greenland Biomass Survey - 1988 to 2014
InshoreOffshore
Comments The survey index of total biomass remained fairly stable from 1988 to 1997 It then increased by, on average, 19%/yr until 2003, when it reached 316% of the 1997 value. Subsequent values were consecutively lower, by 2008–2009 less than half the 2003 maximum (Fig. 3.4); this decline has been continued in subsequent years, reaching in 2014 the second lowest level in the last 20 years.
Source: Greenland Nature Institute: Report Advice September 2014 for 2015
![Page 13: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/13.jpg)
Catch & TAC DataWest Greenland Total Prawn Volume – 1970 to 2014
Source: Greenland Nature Institute: Report Advice September 2014 for 2015
*Biological advisory 2015” Sept. 2014
![Page 14: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/14.jpg)
The Greenlandic Prawn Stock- Conclusions
- East Greenland Biomass Survey projects only minor changes versus last year. The advisory is to keep TAC unchanged at 2000t for 2015
- West Greenland the Biomass Survey has resulted in an advisory to reduce the TAC from 85.000t to 60.000t.
• Future development of the Borealis stock dependent on evolution of stock of cod.• The Borealis stock has a low proportion of males, and recruitment to both the
fishable and the spawning stocks in the short term are expected to remain low. • Reduction in Offshore stock is especially worrying.
![Page 15: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/15.jpg)
Sum Up
![Page 16: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/16.jpg)
Future
� Capacity
• With current and expected TAC levels, there will be an overcapacity for both fishery and landbased processing. There are today 4 prawn processing plants on the West coast…
���� Supply will go down
• Lowering the supply due to further TAC reductions• Low stock positions in the supply chain
� Demand will be reduced
• WWP is recovering from Early Mortality Syndrome (EMS) • The consumers are expected to reduce consumption due to high shop price• In-store assortments are likely to be reduced to 1 or 2 SKUs instead of 3• Bag sizes are likely to be reduced to small bag size• Will go from a everyday products to a more luxury/weekend product
� Prices?
• Supply & Demand will find it’s equilibrium• Our challenge will be to communicate the product benefits to ensure
continuous demand 11/21/2014Footer skrives her 16
![Page 17: 1 -141119 - Greenland ICWPF2014 · Intro. RG sales of CWP in 2013-14 3 6% Asia 1% Other 13% Russia Scand. 36% 24% Central Europe 15% UK 7% Japan 4% Asia 0% Other 7% Russia 33% Scand.](https://reader034.fdocuments.net/reader034/viewer/2022050509/5f9a6ee3daafe34da12db49c/html5/thumbnails/17.jpg)
C&P Price developmentApril 2010 to Sept/Oct 2014 – DDP, GBP/kg
21-11-2014Footer skrives her 17Source: Undercurrent news and projections