Tilapia has gone from a relatively unknown seafood product to a product that is now experiencing skyrocketing demand and supply in US seafood markets. Both foreign and domestic producers of tilapia have responded to consumers growing appetite for tilapia by delivering more and more farm-raised tilapia to the US market in a variety of product forms. Total consumption of tilapia was nearly 100 million pounds of live weight equivalent in 1997. This represented a 26% increase in tilapia consumption over the 1996 level. For the last two years, consumption has increased by an amazing 60%!
Tilapia markets were influenced by the difficult situation and by low ground fish prices in all major markets. USA is still the major tilapia importing country, while China and Egypt are the main tilapia consuming countries.
During 2009 the strong yen has made Shrimp imports and landing prices cheaper in the Japanese market. The EU market 2008 took advantage of the low Shrimp prices experienced in 2009, and overall imports were stable.
Cobia Fish Farming :
For years there have been predictions that the fast-growing marine aquaculture species, cobia (Rachycentron canadum), is about to take off, but so far it has been hard to spot on the market. If you want cobia, it seems you either have to catch it yourself (it is a great game fish in Australia and southern USA), or you have to go to Asia.
Cobia has been farmed for more than a decade in Taiwan, and is making great strides in mainland China which harvested 25855 tonnes in 2007, but the fish is being consumed locally or in neighbouring countries. However, that is about to change. IQF cobia loins from fish farmed off the coast of central Vietnam will make their European debut at this year’s seafood show (ESE) in Brussels.
The fish can be eaten raw, cooked in as many different ways as traditional whitefish species, barbecued, and can be hot or cold-smoked. It grows much faster than salmon and reaches a weight of 6-7 kg in a single year. Cobia has a firm flesh, which turns bright white on cooking, and a mild flavour. Unlike other whitefish species, it has an oil content of 20%, even higher than that of salmon, so is rich in omega-3 fatty acids.
Carps Fish Farming:
Farmed salmon prices are markedly higher in the European market and expected to remain firm during 2011 although with some seasonal variation. Supply swings resulting from climatic conditions or holidays will influence prices for short periods.
The global recession has had a wide range of effects on the seafood sector generall, and Tuna industry more specifically. From a demand prespective, in the US and Europe are changing their purchasing by focussing base. On both continents, consumers are subtituting seafood products with less expenses sources of protein, such as chicken, or buying less expensive seafood or a small amount of the same quality.
Although the supply of farmed panfasius in Vietnam was lower in 2011 than 2010 because of poor demand and lower prices, by the end of the year processors had managed to turn the situation around and the total value of exports almost reached the level, ending at US$ 1,3 billion.
Peruvian fishmeal production was relatively stable in 2010, although Chile reported substantial declines in fishmeal outputs. Scandinavian countries, too had lower catches of species destined for fishmeal production.
Squid catches were low in the south west and in Peruvian waters in 2010. Supply to the world market was about 300.000 mt lower than 2009, but prices didn’t go up as expected. The main reason was the bleak economic climate, especially in Spain.
Seabream and bass Farming:
2012 will be a crucial year for the European sea bass and seabream industry. Low prices for bream over the actual and past year and the recent price decline for bass have put pressure on company results. As a consequence, many producers are facing economic difficulties and are in need of strenghthening their capital base.
Fish oil Farming:
World fish oil production is declining despite higher Peruvian production. Prices increased in the course of 2010, but without reaching the peaks of mid 2008 and 2009. Demand for fish oil is strong on the world market, and further price increases are likely in coming years.