GLOBEFISH Highlights - Issue 1/2018

1 Issue20181stJanuary 2018 Issue , with Jan-Sept 2017 StatisticsGLOBEFISHHIGHLIGHTSA QUARTERLY UPDATE ON WORLD SEAFOOD MARKETSGLOBEFISH forms part of the Products, Trade and Marketing Branch of the FAO Fisheries and Aquaculture Department and is part of the FISH INFO network. It collects information from the main market areas in developed countries for the benefit of the world s producers and exporters. Part of its services is an electronic databank and the distribution of information through the European Fish Price Report, the GLOBEFISH Highlights , the GLOBEFISH Research Programme and the Commodity Updates.

2 The GLOBEFISH Highlights is based on information available in the databank, supplemented by market information from industry correspondents and from six regional services which form the FISH INFO network: INFOFISH (Asia and the Pacific), INFOPESCA (Latin America and the Caribbean), INFOPECHE (Africa), INFOSAMAK (Arab countries), EUROFISH (Central and Eastern Europe) and INFOYU (China).ABOUT GLOBEFISHThe designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations (FAO) concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.

3 The mention of specific companies or products of manufacturers, whether or not these have been patented, does not imply that these have been endorsed or recommended by FAO in preference to others of a similar nature that are not views expressed in this information product are those of the author(s) and do not necessarily reflect the views or policies of 978-92-5-130349-8 FAO, 2018 FAO encourages the use, reproduction and dissemination of material in this information product. Except where otherwise indicated, material may be copied, downloaded and printed for private study, research and teaching purposes, or for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO s endorsement of users views, products or services is not implied in any requests for translation and adaptation rights, and for resale and other commercial use rights should be made via or addressed to information products are available on the FAO website ( )

4 And can be purchased through publication has been printed using selected products and processes so as to ensure minimal environmental impact and to promote sustainable forest photography Fotolia - Fernbach AntalGLOBEFISH HIGHLIGHTSA quarterly update on world seafood markets4 GLOBEFISH Highlights | January 20185 GLOBEFISH Highlights | January 2018 ACKNOWLEDGEMENTS GLOBEFISH Highlights This Issue of GLOBEFISH Highlights has been prepared by Silvio Alejandro R. Catalano Garcia, Helga Josupeit, Rita Monteiro Pierce, Shen Nianjun, Turan Rahimzadeh and Weiwei Wang with contributions by Shirlene M. Anthonysamy (Pangasius and Tilapia), Felix Dent (Salmon and Seabass/bream), Fatima Ferdouse (Shrimp and Tuna), Erik Hempel (Cephalopods, Crab, Groundfish, Lobster and Small Pelagics), Helga Josupeit (Bivalves), Rodrigo Misa (Salmon, Shrimp and Tilapia regional contributions), Ferit Rad (Seabass/bream regional contributions), Turan Rahimzadeh (Events section), Weiwei Wang (Fishmeal/oil) and Liu Xueguang (Special Feature).

5 Full bios on all contributors are available at Wang provided coordination, Rita Monteiro Pierce provided editing services, Silvio Alejandro R. Catalano Garcia directed the graphic design, Helga Josupeit and Shen Nianjun were responsible for quality content review, Turan Rahimzadeh was responsible for the layout, and Fatima Ferdouse and Weiwei Wang created statistical figures. The Norwegian Seafood Council provided data support for the FAO Fish Price Index. Illustrations were sourced from the Food and Agriculture Organization of the United Nations, Original Scientific Illustrations GLOBEFISH Team wishes to say thank you to Anna Child for the great coordination and editorial work provided over the past four years, which significantly valued our flagship publication.

6 All the best Anna, working with you has been a privilege. We also would like to welcome onboard Rita Monteiro Pierce, the new editor of the GLOBEFISH Highlights . 4 GLOBEFISH Highlights | January 20185 GLOBEFISH Highlights | January 2018 ACRONYMS AND AbbREViATiONSGLObEfiSh Highlights ABC ACCEPTABLE BIOLOGICAL CATCHAIPCE-CEP EUROPEAN FISH PROCESSORS AND TRADERS ASSOCIATIONCETA COMPREHENSIVE ECONOMIC AND TRADE AGREEMENTCONAPESCA MEXICAN NATIONAL COMMISSION OF AQUACULTURE AND FISHERIESDFO CANADIAN DEPARTMENT OF FISHERIES AND OCEANSEMS EARLY MORTALITY SYNDROMEFAD FISH AGGREGATING DEVICESFAO FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONSGAA GLOBAL AQUACULTURE ALLIANCEGSP GENERALIZED SYSTEM OF PREFERENCESIATTC INTER AMERICAN TROPICAL TUNA COMMISSIONICES INTERNATIONAL COUNCIL FOR THE EXPLORATION OF THE SEAIFREMER FRENCH RESEARCH INSTITUTE FOR

7 EXPLOITATION OF THE SEAIMARPE INSTITUTO DEL MAR OF PERUIMTA INTEGRATED MULTI-TROPHIC AQUACULTUREIUU ILLEGAL, UNREPORTED, AND UNREGULATEDNMFS-NOAA NATIONAL MARINE FISHERIES SERVICE OF THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATIONNPFMC NORTH PACIFIC FISHERY MANAGEMENT COUNCILNSC NORWEGIAN SEAFOOD COUNCILNVG NORWEGIAN SPRING SPAWNING HERRINGODFW OREGON DEPARTMENT OF FISH AND WILDLIFESIAVRT SOLOMON ISLANDS ASSOCIATION OF VOCATIONAL RURAL TRAININGTAC TOTAL ALLOWABLE CATCHTiLV TILAPIA LAKE VIRUS6 GLOBEFISH Highlights | January 2018 PBGLOBEFISH Highlights | January 2018 FAO/Alessia PierdomenicoPBGLOBEFISH Highlights | January 20187 GLOBEFISH Highlights | January 2018 CONTENTS GLOBEFISH Highlights ACKNOWLEDGEMENTS 4 ACRONYMS

8 AND ABBREVIATIONS 5 GLOBAL FISH ECONOMY 13 Positive outlook for global seafood as demand surges for multiple species in markets across the world SHRIMP 16 Strong imports in East Asia and the United States of America kept global shrimp trade firm TUNA 20 Global canned tuna trade unstable with stagnant US demand and declining Middle Eastern imports, while EU28 imports up moderately GROUNDFISH 25 Tighter supplies and higher pricesCEPHALOPODS 30 Scarce octopus supplies and record high pricesTILAPIA 33 Domestic markets remain firm.

9 Chinese tilapia competes with pangasiusPANGASIUS 36 Latin America and Asia remain growth driversBASS & BREAM 38 Greece at risk as supply surplus continues to threaten price stability8 GLOBEFISH Highlights | January 20189 GLOBEFISH Highlights | January 2018 TAbLES, fiGURES AND NEWS GLOBEFISH Highlights SALMON 42 Global salmon prices come down as farmed harvests flood the marketSMALL PELAGICS 48herring and mackerel quota cut sharply in the North AtlanticFISH MEAL & FISH OIL 52 Second fishing season on halt in Peru.

10 With price trending upwardsLOBSTER 56 The effect of CETA hits US exportersBIVALVES 59bivalve trade is growingCRAB 63 Mixed supply situationSPECIAL FEATURE 66 Chinese sea cucumber farming ready to bounce backEVENTS 70-73 Illegal, Unreported, and Unregulated (IUU) fishing and seafood fraud at the core of the boston Seafood Expo 2018 experts panelbrussels Seafood Expo 2018 to start in April8 GLOBEFISH Highlights | January 20189 GLOBEFISH Highlights | January 2018 TABLES global fish economyWorld fish market at a glance 14shrimpJapanese imports of shrimp (by product) 19EU28 imports/exports of shrimp 19US imports of shrimp (by product) 19 TUNAJ apanese tuna landings (by species) 20salmonNorwegian exports of salmon (by product and destination) 44 Chilean exports of salmon (by product and destination) 44UK exports of salmon (by product and destination) 45french imports of salmon (by product)