Supporting the seafood industry for a sustainable, profitable future 2010 Trade summary Source: BTS...

supporting the seafood industry for a sustainable, profitable futuresupporting the seafood industry for a sustainable, profitable future

2010 Trade summary

Source: BTS and HM Revenue & Customs, Globefish

R Watson


Top Line Figures

• In 2010 a total of 687,054 tonnes of seafood worth £2.23 billion was imported into the UK.

• Over the same period just over 512,400 tonnes of seafood worth £1.33 billion was exported from the UK.

Volume (tonnes) % Chg Value (£m) % Chg

2009 2010 2009 2010

Imports 718,702 687,054 -4.4 2,168 2,234 3.1

Exports 478,287 512,416 7.1 1,160 1,327 14.3


Top 20 Import CountriesTrading partner country Value/£000sVolume/tonnes Value/£000s Volume/tonnes Value Volume

Iceland 320,935 96,300 286,951 74,236 -11 -23 Denmark 139,914 45,289 152,939 48,780 9 8Thailand 126,238 42,888 150,149 43,185 19 1Germany 125,876 39,233 148,015 45,976 18 17China 132,316 54,912 141,003 56,320 7 3Faroe Islands 101,338 39,361 118,829 37,760 17 -4 Norway 105,786 49,985 109,761 47,561 4 -5 Canada 71,098 15,788 80,538 16,549 13 5Netherlands 76,598 20,997 78,663 23,630 3 13USA 72,027 18,614 77,077 19,007 7 2Sweden 63,972 23,215 73,439 17,429 15 -25 Mauritius 55,699 22,996 68,971 28,626 24 24Vietnam 52,144 17,702 59,642 20,861 14 18Poland 50,991 17,620 56,195 14,500 10 -18 India 51,054 13,639 52,508 12,244 3 -10 Indonesia 45,128 10,039 51,466 10,504 14 5France 62,798 13,543 48,255 9,957 -23 -26 Russia 32,962 15,054 48,098 16,938 46 13Bangladesh 42,210 9,659 46,388 9,185 10 -5 Ghana 51,021 19,569 45,522 18,599 -11 -5

Top 20 share of total 83 82 85 83 2 2

2009 Imports % Chg2010 Imports

** No traceability is implied as to the country of origin or geographic catch area of the seafood. The Stated country may be part of a complex distribution chain.

**


Top Import Species

Species Value/£000s Volume/tonnes Value/£000s Volume/tonnes Value Volume

Cod 351,783 107,334 375,398 103,696 7 -3 Warm Water Prawns* 274,389 55,928 308,444 57,198 12 2Tuna 267,115 106,045 299,207 118,100 12 11Salmon 264,042 68,067 292,290 65,435 11 -4 Haddock 162,702 66,833 156,031 60,273 -4 -10 Cold Water Prawns* 115,449 28,936 123,343 28,706 7 -1 Mackerel 44,546 32,340 48,765 31,656 9 -2 Pollock 47,127 22,672 40,837 20,024 -13 -12 Scallops 26,816 3,772 19,620 2,208 -27 -41 Coley 12,343 7,086 16,694 6,921 35 -2 Crabs 17,616 2,966 15,388 2,723 -13 -8 Plaice 58,827 24,302 15,149 4,910 -74 -80 Herring 11,003 8,490 11,573 9,022 5 6Lobster 14,490 1,902 11,470 1,325 -21 -30 Monkfish 9,629 2,789 11,469 3,166 19 14Nephrops 6,865 3,150 5,304 2,949 -23 -6 * all HMC&R shrimp & prawn codes assigned as CWP or WWP by country of origin

% Chg2009 Imports 2010 Imports


UK Imports by Origin 2010 CodValue

£mVol ('000 tonnes)

ICELAND 126 26

DENMARK 46 13

CHINA 39 14

GERMANY 35 9

RUSSIA 33 11

HaddockValue


ICELAND 55 17

NORWAY 33 14

CHINA 21 8

RUSSIA 12 4

FAROE 11 5

SalmonValue


FAROE 61 14

U.S.A. 50 11

NORWAY 20 5

CANADA 18 4

CHINA 15 5

TunaValue


MAURITIUS 69 29

GHANA 45 19

SEYCHELLES 44 15

THAILAND 36 15

PHILIPPINES 25 14

WWPValue


THAILAND 92 17

INDONESIA 44 8

INDIA 43 8

BANGLADESH 37 6

VIETNAM 27 6


Imports Overview

• Total imports value grew by 3.1% in 2010• Over the same period volume fell by 4.4%

• The countries the UK receives imports from, reflect our traditional tastes in seafood.

– Cod, haddock and other white fish come from Iceland, Denmark, Norway and China

– Warm water prawns from Thailand, India and Bangladesh– Tuna from Mauritius, Ghana and the Seychelles– Salmon from Faro, USA and Norway

• Products imported by sea are more likely to be frozen or in an ambient format and may have already been processed to some extent


Changes in the Import Markets

• German imports (-40%~2009) rallied with a 20% increase in value• Imports from Thailand (warm water prawns) and Mauritius (tuna)

saw strong growth of 19% and 24% respectively• Imports from Russia grew strongly up 46% driven by cod and

haddock• In contrast, imports from France and Iceland continue their decline

falling a further -23% and -11% respectively• Imports of WWP, tuna, salmon and coley showed double digit

growth• Imports of haddock, pollock, plaice and Nephrops were in decline


Top 20 Export Countries

**2009 Exports 2010 Exports % Chg

Trading partner Value/£000s Volume/tonnes Value/£000s Volume/tonnes Value VolumeFrance 289,631 81,850 347,558 86,921 20 6 Spain 144,962 35,200 155,397 37,191 7 6 USA 101,146 25,049 147,218 32,113 46 28 Ireland 104,642 28,824 103,107 25,816 -1 -10 Italy 81,063 16,013 89,497 16,499 10 3 Germany 71,896 27,944 72,911 24,877 1 -11 Netherlands 60,770 84,274 63,800 83,876 5 -0 Russia 52,263 42,489 54,263 46,506 4 9 Portugal 38,555 20,319 38,585 17,321 0 -15 Belgium 39,125 9,781 34,798 5,924 -11 -39 Poland 11,875 8,749 26,557 12,165 124 39 Denmark 20,535 10,079 25,446 12,486 24 24 Nigeria 13,626 21,657 23,289 37,176 71 72 China 20,681 17,016 20,946 13,766 1 -19 South Korea 10,795 2,480 11,996 3,367 11 36 United Arab Emirates 5,612 1,529 9,935 7,692 77 403 Switzerland 4,898 603 8,728 1,012 78 68 Sweden 4,413 1,818 8,695 3,479 97 91 Hong Kong 5,560 1,016 6,307 1,006 13 -1 Canada 5,857 1,285 5,566 1,234 -5 -4

** No traceability is implied as to the country of origin or geographic catch area of the seafood. The stated country may be part of a complex distribution chain.


Top Export Species

Species Value/£000s Volume/tonnes Value/£000s Volume/tonnes Value Volume

Salmon 300,306 72,158 397,666 83,536 32 16Mackerel 121,090 103,065 127,976 112,724 6 9Nephrops 110,877 20,354 117,194 20,128 6 -1 Scallops 80,073 12,508 87,950 14,350 10 15Cod 75,008 33,658 81,546 31,832 9 -5 Crabs 75,036 18,959 45,614 14,978 -39 -21 Monkfish 31,787 4,121 31,251 4,334 -2 5Lobster 27,321 2,136 27,414 2,169 0 2Herring 18,285 34,279 20,166 36,758 10 7Coley 9,702 8,745 10,266 6,659 6 -24 Haddock 7,171 3,062 7,649 3,550 7 16Pollock 5,857 2,623 6,910 2,872 18 9Plaice 2,900 1,684 699 607 -76 -64

2009 Exports 2010 Exports % Chg


UK Export and Destination

Cod Value £mVol ('000 tonnes)

PORTUGAL 27 12

IRELAND 13 3

GERMANY 11 4

FRANCE 10 3

SPAIN 7 4

Salmon Value £mVol ('000 tonnes)

U.S.A. 135 30

FRANCE 117 26

IRELAND 31 6

GERMANY 18 3

POLAND 18 4

Mackerel Value £mVol ('000 tonnes)

RUSSIA 48 36

NETHERLANDS 10 18

FRANCE 10 8

GERMANY 8 6

DENMARK 7 5

Nephrops Value £mVol ('000 tonnes)

SPAIN 37 6

FRANCE 33 5

ITALY 32 6

CHINA 7 2

VIETNAM 4 1

Scallop Value £mVol ('000 tonnes)

FRANCE 51 7

ITALY 17 4

SPAIN 10 2

BELGIUM 3 0

GERMANY 2 0


Exports Overview

• The global downturn has affected the UK seafood export market in a variety of ways, although exports have continued double digit growth up 14.3% in 1010

• The main export markets for the UK; France, Spain, USA and the Irish Republic remain unchanged. Accounting for over 50% of the seafood exported from the UK– UK salmon was the single largest export by value, destined for

the USA to fill the vacuum created by the Chilean ISA crisis,.– High value shellfish like Nephrops, crab and scallops and

exported to the French, Spanish and Italian markets– Pelagics were destined mainly for the Russian, Dutch and

French markets


Changes in the UK Export Markets

• Exports to France are up 20% driven by sales of Scallop, Nephrops, Lobster and Coley

• Some recovery in exports to Spain (7%), as Spain struggles to climb out of severe recession

• Exports to the USA rise 46% with a high demand for salmon• Although a relatively small market, demand for Herring and Tuna

saw exports to Poland rise by 124%• Nigeria and United Arab Emirates continue strong growth, with a

volume increase of 72% and 403% respectively• Salmon, scallop, herring and pollock show double digit growth• Crab and plaice exports are in significant decline


Summary

• The global seafood markets are in flux, resulting in changes in traditional import/export dynamics. Emerging markets such as Russia, Brazil, Mexico, Middle East & West Africa, are beginning to displace EU, USA and Japan as the principal seafood markets.

• 2010 saw strong demand, and limited supply driving prices of the most popular UK consumed species; including salmon, WWP and tuna.

• The reliance on China as a processing hub may be shifting. With increasing processing costs and the ever increasing UK consumer appetite for warm water prawns 2010 saw imports from China, drop in ranking from 3rd to 5th replaced by Thailand and Germany

• UK exports continue double digit growth for the second consecutive year.


What Does 2011 hold?

• Changing global dynamics as ‘new’ markets (Russia, Brazil, Mexico, Middle East & West Africa, create new opportunities

• Salmon: Chilean ISA crisis settles, brisk demand and limited supply will keep prices high

• Groundfish: Sustainability, pushed to counter falling prices resulting from pressure from Tilapia and Pangasius

• Tuna: Reduced quota and increased canning costs to drive prices• Prawns: High demands and low harvests continue to drive costs


• Disclaimer:

Although every care is taken in compiling this report, Seafish makes no representations as to the accuracy or completeness of any information and will not be liable for any errors or omissions in this information, nor for any losses, injuries, or damages from the display or use of this information.

Supporting the seafood industry for a sustainable, profitable future 2010 Trade summary Source: BTS...

Documents

Transcript of Supporting the seafood industry for a sustainable, profitable future 2010 Trade summary Source: BTS...