Marine Ingredients Overview Intrafish Investment Forum, London 2013 Andrew Mallison IFFO, The Marine...
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Transcript of Marine Ingredients Overview Intrafish Investment Forum, London 2013 Andrew Mallison IFFO, The Marine...
Marine Ingredients OverviewIntrafish Investment Forum, London 2013
Andrew MallisonIFFO, The Marine Ingredients Organisation
WHAT DO WE DO?
Market reports
Communications
LobbyingTechnical Support
Standards
Conferences
http://ami-ingredients.com/product-applications
Raw
Mat
eria
l SO
urce
sIndustrial
Food grade
Prime
Prime food fish reduced to meal & oil
atlantic and pacific herring 10%
jack and horse mackerel 20%
sprat 40%
capelin 50%
pilchard (sardine) 25%
blue whiting 30%
sardinella 15%
Increasing share of fishmeal obtained from fish by-products
From whole fish From fish residues
5,354
6,084 6,018
5,2695,519
5,0914,838
4,560
5,587
4,535 4,672
0.0
1,000.0
2,000.0
3,000.0
4,000.0
5,000.0
6,000.0
7,000.0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
World fishmeal production (000 mt)Peru Chile Thailand U.S.A Japan Scandinavia* Others
886
1,035
906 915
1,029 1,037993
841
1,036
903 885
0.0
200.0
400.0
600.0
800.0
1,000.0
1,200.0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
World fish oil production (000 mt)Peru Chile Scandinavia* U.S.A Japan Other
2,0522,115
2,452
*Peru, Chile, USA, IFFO Europe and South Africa
Total annual fishmeal production*(000 mt)
2012 2013 2014
+ 16%
556
529
595
*Peru, Chile, USA, IFFO Europe and South Africa
Total fish oil production* (000 mt)
2012 2013 2014+ 12%
68%7%
23%
2%
Percentage of fishmeal usage by market in 2011 and 2012
Aquaculture Chicken Pig Other*
74%
22%
4%
2012
78%
19%
3%
2011
Aquaculture Direct Human Consumption Other uses
Percentage of fish oil usage per market
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
0
40000
80000
120000
160000
200000
Capture Aquaculture
World fishery production (million mt)
2009 2010 2011 2012 2013 20140
5
10
15
20
25
30
35
40
World Norway Chile Trout Eu
Inclusion of fish meal in diet for salmonids ( %)
2009 2010 2011 2012 20130
20
40
60
80
100
120
140
160
Trout Sea Bass/bream
Fish meal usage (000 mt)
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
52 2
008
10 2
009
20 2
009
30 2
009
40 2
009
50 2
009
7 20
1017
201
027
201
037
201
047
201
05
2011
15 2
011
25 2
011
35 2
011
45 2
011
3 20
1213
201
223
201
233
201
243
201
21
2013
11 2
013
21 2
013
31 2
013
41 2
013
Weekly fishmeal (65% FOT) and soyameal (44% FOT) ratio in Shanghai
(RMB/mt)
0.7
0.9
1.1
1.3
1.5
1.7
1.9
2.1
2.3
2.51
2010
9 20
1017
201
025
201
033
201
041
201
049
201
05
2011
13 2
011
21 2
011
29 2
011
37 2
011
45 2
011
1 20
129
2012
17 2
012
25 2
012
33 2
012
41 2
012
49 2
012
5 20
1313
201
321
201
329
201
337
201
3
C&F fish oil/rapeseed oil prices ratio in Rotterdam (Netherlands) (US$/mt)
Typical Sustainable Cap
Crude Anchoveta Fish Oil Production and Omega-3 Market Demand(in 000s of metric tons)
Source: International Fishmeal and Fish Oil Organisation, GOED Analysis
Omega-3 demand forecast
Crude fish oil production Omega-3 market demand
Omega-3 Demand Outlets by Crude Anchoveta Fish Oil (in metric tons)
Source: Frost & Sullivan, GOED Analysis
Dietary supplements are still demanding the bulk of anchovy oils
Pharmaceutical41,780
Clinical Nutrition3,090
Pet Food26,490
Functional Food16,420Dietary Supplements
122,980
Responsible Feed
Responsible Aquaculture
Global Food Security
Feeding a growing population.
IFFO RS STANDARD
Ensure no IUU and no IUCN Red
List or diseased
farmed fish
Ensure no IUU and
complete control of
intake species and volumes
Ensure full traceability of pure and safe
products produced
under QMS
Ensure managed according to the
FAO Code of Conduct for Responsible
Fisheries
SET BY MULTI-STAKEHOLDER GROUP
IFFO RS KEY COMPONENTS
•Responsible Sourcing
•Food Safety
IFFO RS – UPDATE NOV 2013
• Now over 100 certified factories• Over 40% of global fishmeal production• 17 whole fish stocks• 63 species approved as by-products• 12 Chain of Custody certificates• Improver Program
Summary
Market forces drive raw material allocation between direct human consumption and reduction to meal and oil
Aquaculture takes and will continue to take the lion’s share in the usage of marine ingredients.
Reduction in the diet inclusion rates of fishmeal/oil. Market choices in non-marine inclusions.
Overall, fisheries related to reduction are being well managed with stable production for the future, increasing contribution from by-products
Growth of direct human consumption of fish oil