Page 69 - Food Outlook

Figure 5. Export prices of cod in Norway
Figure 6. Spain imports of squid and cuttlefish
NKr per kg
120
80
40
0
Dec Jun 2014
Dec Jun 2015
Dec Jun 2016
Dec Jun 2017
Fresh cod fillets
Frozen cod fillets
Source: Norwegian Seafood Council
thousand tonnes
80 60 40 20
0 2015 Peru
2016
Falkland Isl. (Malvinas)
thousand tonnes
150 140 130 120
2017 110
India
Other countries
Source: Agencia Tributaria
Total imports (right axis)
Table 3. Chinese exports of Alaska pollock
PANGASIUS
During the first half of 2017, global imports of frozen pangasius fell slightly, mainly due to lower imports into the single largest market, the United States, while demand also continues to weaken in the EU. Imports into Latin America and Asia, however, comprised approximately 51 percent of the world’s total over the same period, increasing from a 42 percent share the previous year. Overall, prices remain relatively strong. In Viet Nam, by far the largest pangasius producing country, the Ministry of Agriculture and Rural Development is actively promoting the consumption of pangasius domestically as well as targeting expansion in international markets, particularly China.
TILAPIA
In total, during the first half of 2017, approximately
170 000 tonnes of tilapia (whole, fillets and breaded) entered the international market. While the US market grapples with weak demand, some recovery in the tilapia
Table 4. US imports of fresh and frozen catfish fillets (by origin)
2013 2014 2015 2016 2017
Jan-June (thousand tonnes)
64.4 51.9 2.8 3.4 0.0 0.0 0.0 0.0
67.2 55.2
2013
Russian 385.6 Federation
USA 24.6
Japan 24.5
Canada 0.2
Dem. People's 0.1 Rep. of Korea
Others 4.5
Total 439.5
2014 2015 2016 2017
Jan-June (thousand tonnes)
388.8 402.9
25.9 23.7 25.3 14.3 1.0 0.8 0.0 0.0
2.0 0.0
443.1 441.5
363.5 414.0
18.8 31.3 6.9 3.2 0.9 0.1 0.0 0.1
0.6 0.1
390.7 448.8
Source: National Marine Fisheries Service (NMFS)
CEPHALOPODS
Demand for octopus and squid is growing stronger, but poorer landings mean limited supplies. Inventories are also low and observers expect prices to continue increasing
over the coming months. With low catches in Morocco
and Mauritania, the main market for octopus, Japan, will be looking for supplies from alternative sources such as China, Viet Nam, Mexico and Southeast Asia. For squid, stocks off the coast of Argentina are reported to be in
poor condition, contributing to upward pressure on prices, especially for Illex squid. China, which also imports large quantities of squid from the Democratic People’s Republic of Korea, is likely to see a sharp drop in shipments in the medium term as pressure mounts to isolate the Democratic People’s Republic of Korea from international trade. Overall, cephalopod trade volumes are set to contract and prices will remain high.
Viet Nam
China 3.9 Panama 0.0 Others 0.3 Total 56.5
52.3 46.7 54.8 4.7 3.6 0.0 0.0 0.1 0.1 51.6 58.5
Source: US Department of Commerce, Bureau of Census
FOOD OUTLOOK NOVEMBER 2017
63
FISH AND FISHERY PRODUCTS