21/10/21

Belize fish exports to the United States of America

The export value of fisheries and aquaculture products from Belize to the US market was USD 14 million in 2020, a USD 3 million decline from 2019. This was caused by logistical problems due to the COVID-19 pandemic. Two commodities accounted for all the exports: frozen rock lobster and Queen conch.


The most important exported commodity from Belize to the United States of America was frozen rock lobster, with a value of USD 8.4 million in 2020, more or less the same as in 2019.

 

During the first eight months of the year, lobster exports from Belize to the US market reached USD 6.6 million, an 8 percent increase from the corresponding 2020 value.

 

Belize exports Queen conch to the US market, and the value of this product was USD 4.7 million in 2020, a substantial decline from the USD 7.3 million recorded in 2019. In 2021, the trade of Queen conch from Belize to the United States of America recovered very well. In the first eight months of the year, some USD 3.2 million worth of Queen conch were exported by Belize to the US market, over twice the amount compared to the corresponding period of 2020. 

Tags: Cephalopods, Statistics, Exports, Imports 


21/10/21

Supply problems for octopus, good squid catches

Japanese imports of squid and cuttlefish during the first six months of 2021 increased by 6.5 percent compared to the same period in 2020, from 67 796 tonnes to 72 205 tonnes. China accounts for as much as 61 percent of this total, with 44 160 tonnes. The second-largest supplier is Peru, with 11 percent of the total import volume. 

China’s exports of squid and cuttlefish increased steeply during the first half of 2021 compared to the same period in 2020. Total exports amounted to 247 934 tonnes, up 30.5 percent compared to 2020. The largest market, Japan, increased slightly by 3.9 percent, while exports to the Philippines grew massively by 170 percent, from 12 058 tonnes to 32 592 tonnes. Exports to Thailand were also up significantly by 19.4 percent to 32 540 tonnes.

Chinese imports of squid and cuttlefish also grew significantly during the first half of 2021, from 151 427 tonnes in 2020 to 196 261 tonnes in 2021 (+29.6 percent). The largest supplier, Peru, registered a 122 percent rise in shipments, while China reported a 210 percent increase. 

US imports of squid and cuttlefish during the first half of the year increased sharply by almost 43 percent, to 32 464 tonnes. The largest supplier was China, accounting for 37.4 percent of the total. India and New Zealand each accounted for about 10 percent of the total. 

The growing demand for cephalopods in the European Union is now apparent in import statistics. Spanish imports of squid and cuttlefish were up by 26.6 percent during the first half of 2021 compared to the same period in 2020. The largest suppliers were the Falkland Islands, Peru, and Morocco. 

Tags: cephalopods, octopus, squid, cuttlefish, European Union, trade


20/10/21

Pangasius trade down, Viet Nam lockdown throttles supply

Viet Nam, which accounts for the vast majority of the global supply of pangasius, has seen exports of pangasius drop significantly in August and September, falling by some 50 percent in value terms compared to previous months. COVID-19 cases in the country began rising rapidly in July, leading the government to impose restrictions that have significantly reduced the capacity of processing factories. This, in turn, has bottlenecked supply, which is highly reliant on fillets for exports. 

At the same time, demand for pangasius is strong in established markets, and before July, trade was generally rising. The United States of America and China, which together account for about half of the value of pangasius imports, had both seen demand exceed pre-pandemic levels, while pangasius was progressively making inroads into burgeoning markets such as Mexico and the Russian Federation. 

Pangasius trade tends to peak in the second half of the year, as farmers move to harvest their ponds in the summer months and stocks are subsequently processed. In general, demand for fish and fish products is returning to pre-pandemic levels. While the overall impact of reduced pangasius processing capacity will depend on the length of time that government restrictions remain in place, it seems unlikely that exports will stabilise this year. 

Tags: pangasius, trade, markets, exports, supply 


19/10/21

Softer international demand for canned tuna affected trade in Thailand

Global imports of canned tuna have weakened in 2021, following lower demand in the retail trade compared with 2020. This has caused a drop in canned and processed tuna exports from Thailand, the world’s largest producer and exporter of this product group. 

From January - August 2021, exports of canned/processed tuna decreased by 22.76 percent in volume (307 980 tonnes), while export value fell by 23.8 percent at USD 1.22 billion against the same period last year. 

Among the top ten destinations, exports declined to seven markets, including the leading market of the United States of America.

Thailand: Canned tuna exports, in tonnes
Markets January-August Market share in percentage Percentage change 2021/2020
2019 2020 2021 2020 2021
United States of America 65 023 97 018 63 260 24.33 20.54 -34.8
Egypt 26 280 34 806 43 952 8.73 14.27 +26.3
Japan 22 987 27 004 25 718 6.77 8.35 -4.8
Australia 24 410 26 007 20 776 6.52 6.75 -20.1
Saudi Arabia 21 212 23 340 16 350 5.85 5.31 -29.9
Canada 16 939 19 678 15 977 4.94 5.19 -18.8
United Arab Emirates 9 722 9 424 10 630 2.36 3.45 +12.8
Yemen 6 211 9 483 10 524 2.38 3.42 +10.9
Libya 27 447 27 954 10 271 7.01 3.34 -63.4
Peru 10 073 14 869 9 090 3.73 2.95 -38.9
Total exports including others 345 431 398 726 307 981 100 100 -22.8

During the review period, the total export value of fisheries and aquaculture products in the country dropped from USD3.71 billion in 2020 to USD 3.38 billion in 2021.

Tags: global, canned/processed tuna, exports, Thailand, tuna 


19/10/21

US to reopen targeted tariff exclusion process for Chinese goods

In a recent speech in Washington, it was confirmed that the US administration will reopen talks with China to try and resolve ongoing trade issues. The tariffs currently imposed on USD 350 billion worth of Chinese goods by the previous administration will remain in place for the time being, but the authorities intend to reopen the door for US companies to apply for exemptions from the current tariff regime. The former government levied tariffs of up to 25 percent on a broad range of commodity groups, including a number of heavily traded seafood products such as tilapia. This has significantly affected US imports of fisheries and aquaculture products from China, which in 2020 were down 32 percent in volume and 45 percent in value compared with 2018 when the trade conflict began, a trend which has continued into this year. According to the National Oceanic Atmospheric Administration (NOAA), US seafood importers have paid over USD 600 million in tariffs on Chinese fishery products since the trade war began, with tilapia accounting for almost 30 percent of this amount. 

Tags: Tariffs, Market Access, National, Imports, Markets, Tilapia, USA, China 


18/10/21

FAO and CONXEMAR International Congress IX on Nutrition and Health – 4 October 2021

On 4 October, FAO and CONXEMAR organized the International Congress IX on Nutrition, held at the Auditorio Pazo de Congresos Mar de Vigo (Spain). The Congress brought together leading experts, including high-level representatives from international organizations, scientific and academic institutions, to discuss the role of fish and aquatic foods in healthy nutrition and food systems. CONXEMAR is the Spanish Association of wholesalers, importers, manufactures, and exporters of fisheries and aquaculture products. 

Good nutrition is vital for health and development. Adequate nutrition contributes to cognitive development, improves learning outcomes for children and young adults, and creates opportunities to break cycles of poverty and hunger. Food system strategies, including fisheries and aquaculture products, can play an important role in addressing the triple burden of malnutrition.

Being one of the most traded food commodities worldwide, Fisheries and aquaculture products play an important role by contributing to national economies, livelihoods, food systems, and healthy diets at a global level.

The International Congress IX on Nutrition is also in line with the Sustainable Development Goals (SDG) to end poverty and other deprivations that go hand-in-hand with strategies to improve health and education, reduce inequality, and spur economic growth, all while tackling climate change and working to preserve our oceans and forests, targeting in particular:

·       SDG 2 – zero hunger,

·       SDG 3 – good health and well-being,

·       SDG 12 responsible consumption and production,

·       SDG 14 – life below water; and

·       SDG 17 – partnerships for the goals

The full agenda of the Congress can be found here: https://conxemar.com/en/2021-international-congress-nutrition-and-health 

Tags: CONXEMAR, International Trade, Nutrition, Food Systems, SDG, Global, Exports, Imports, Markets


07/10/21

Pandemic buying slowed down food fish imports in China during the first half of 2021

Concerns over food security during the COVID-19 pandemic in the first half of 2020 caused the panic buying of many grocery items in China, including fisheries and aquaculture products. Imports of fish products with longer shelf life, such as frozen and canned items, increased by 8-10 percent during January-June 2020 compared with the same period in 2019.

Food fish imports during the first half of 2021 weakened by almost 10 percent compared with the same period in 2020 and even fell behind levels reached in 2019.

There were large declines for the frozen fin fish group (-46 percent), in particular, crustaceans, frozen shrimp, lobster, crab (-17 percent), fish fillet (-31 percent) and also for dried fish products. The product groups that posted increased imports during this period were frozen cephalopods, molluscs (+25 percent) and canned molluscs, particularly bivalves.

CHINA: Half Yearly Import Trends For Food Fish, 2019-2021, (1 000 Tonnes)

Main Product Group 2019 2020 2021 % change 2021/2020
January-June
HS 03:Fish, Crustaceans And Molluscs (Fresh, Frozen, Dried) 1 968.5 2 118.9 1 462.3 -31.0
HS 1605: Prepared/Preserved Crustaceans, Molluscs and others 17.6 11.3 21.2 +88.0
HS 1604: Prepared / Preserved Fish, Caviar & substitutes 11.7 16.7 12.0 -27.9
Total Quantity of Food Fish and Fisheries and Aquaculture products, in 1 000 Tonnes 2 991.8 2 915.2 2 652.3 -9.0
Total Value of Food Fish and Fisheries and Aquaculture products (HS 03, 1604 and 1605) in USD Million 7 168.4 6 717.7 5 997.9 -0.7


During this period, the top three exporters of food fish to the market were the Russian Federation (30 percent), Ecuador (10 percent) and Viet Nam (8 percent).

In the coming weeks, GLOBEFISH will publish supplementary reports on fin fish, fish fillet and shrimp imports in China.     

Tags: markets, China, Imports, fisheries and aquaculture products, food fish, species


06/10/21

Bleak outlook for Bering Sea crab supplies

All the main crab stocks in the Bering Sea are down this season, and the Bristol Bay red king crab fishery will be closed for the first time in 25 years. While scientists and authorities have yet to determine the actual harvest levels, the industry braces itself for a difficult season.  

The bleak outlook, and particularly the closing of the Bristol Bay red king crab fishery for the 2021/2022 season will certainly affect supplies, and likely push prices up. The crab sector is experiencing growing demand worldwide, and a reduction in supplies will certainly be felt in the market. 

Tags: demand, red king crab, Bering Sea, Bristol Bay, supplies, markets, prices


06/10/21

Tight supplies of H&G cod and haddock

Catches of cod and haddock have been somewhat slow, and supplies are tighter than expected. At the same time, prices for H&G cod and haddock have been firm, but may rise due to supply problems. Reduced quotas are also forecast to continue for the 2022 season. ICES has proposed a 20 percent cut in the Barents Sea cod quota to 708 480 tonnes, which would further put pressure on prices. 

At the same time, demand in the most important markets (the European Union and United States of America) is rebuilding after the COVID-19 pandemic. Foodservice is in the process of reopening, and retail sales are picking up. 

Tags: H&G cod, haddock, supplies, prices, Barents Sea


06/10/21

Norwegian salmon exports reach new records

During week 36 (6 – 12 September 2021) Norwegian salmon exports set a new record. During that one week, Norway exported 31 151 tonnes of salmon worth NOK 1.8 billion (USD 210 million). Compared to the same week in 2020, this means that volume increased by 19.1 percent and value increased by 28.6 percent.

Normally, export volumes rise during the autumn. In addition, there has been a marked surge in demand in most markets, caused by the relaxing of COVID-19 restrictions. France, one of the largest markets for Norwegian salmon, eased restrictions in early September, and since then demand has grown noticeably. 

Tags: Norwegian, salmon, exports, demand, COVID-19


05/10/21

Brazil’s growing tilapia industry posts strong export growth

In recent years, the Brazilian tilapia industry has been identified as one of the most notable success stories of Latin American aquaculture, and this impressive growth is steadily turning into export revenue. According to a recent report from the Brazilian Aquaculture Association (Peixe BR), Brazil exported tilapia worth USD 6.1 million in the first six months of 2021, an increase of 28 percent compared with the same period last year. Fresh fillets are the most exported tilapia product, accounting for USD 2.2 million. The United States of America remains the number one market, while China represented a significantly larger share of the Brazilian tilapia export market this year compared with 2020, reflecting a number of advantageous developments for Brazilian exporters. Among these is the 25 percent import tariff on Chinese tilapia in the United States of America which, combined with exceptionally high freight rates and other logistical issues, is creating opportunities for Latin American producers who can fly fresh tilapia into the US market within hours of harvest. At the same time, constraints on the growth of the Chinese tilapia industry are leading to supply shortfalls in China’s domestic market as economic reopening continues, which has translated into a boost to demand for Brazilian product. This growth in export revenue has been achieved despite the EU ban on Brazil’s exports of fisheries and aquaculture products that has remained in place since 2017.  

Brazilian stakeholders expressed some optimism earlier in the year that the lifting of the ban is within sight, due to coordinated efforts to ensure the supply chain meets EU sanitary requirements. The reopening of this lucrative market would provide a new avenue for diversification and growth of Brazil’s tilapia export industry, which still represents only a small proportion of the almost half a million tonnes of tilapia expected to be harvested in Brazil in 2021. 

Tags: Tariffs, Statistics, Exports, Market Access, National, Tilapia

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