Marine Industries Global Market Analysis - Marine Institute

More documents

Recommendations

Info

18 MARINE INDUSTRIES GLOBAL MARKET ANALYSIS At the start of the reported period seaweed production was valued at €6.4 billion, then dipped in 2000, but the following years have all seen growth, with the 2000 value of production forecast to be reached again in 2006. Forecast annual growth over the period 2005–2009 is estimated at 3%. 1999–03 2004 2005–09 Irish Market €M 1,447 287 1,411 UK Market €M 6,721 1,232 6,152 Europe Market €M 48,671 8,241 40,901 World Market €M 466,254 79,859 384,878 FISH/SEAFOOD PROCESSING Page 91 (€80bn in 2004, €78 in 2009) In 2004 the seafood processing industry is estimated to have been worth €80bn.This is based on the assumption that processing can add up to 100% to the overall value of the raw product (based on analysis of limited data).The main driver is consumers’ increasing preference for convenience foods, resulting in more value being added to the raw product. A considerable export market exists for processed seafoods and high cost European processors, such as Norway, are greatly aided by the establishment and development of a premium brand. A challenge for smaller producers such as Ireland is the need to develop/invest in automation and increase volumes to achieve economies of scale. Historical and forecast values are based on the stated trends for the fishing and aquaculture sectors (i.e. the availability of the raw product). As a result the industry is forecast to decline, but towards the end of the period the impact in the increase of aquaculture production leads to a slight upturn, but not to levels previously reached. Forecast average annual growth for 2005–2009 is therefore still negative, but only marginally so at –0.4%. 3.6 ENERGY The marine energy sector is dominated by oil and gas, but growth is beginning in the offshore renewable energy sector. 1999–03 2004 2005–09 Irish Market €M 478 114 483 UK Market €M 54,699 7,927 30,751 Europe Market €M 133,583 19,112 81,681 World Market €M 504,110 91,146 475,748 OFFSHORE OIL & GAS Page 95 (€91bn expenditure in 2004, €99bn in 2009) Expenditure in 2004 was €91 billion worldwide with Europe accounting for €19 billion. Offshore oil and gas is probably the world’s largest marine industry in terms of the value of its output (the oil & gas produced), which we estimate was some €700bn in 2004.
MARINE INDUSTRIES GLOBAL MARKET ANALYSIS 19 Historically, there was an expenditure peak in 2001 of €100 billion, in part due to exchange rate differences caused by valuing a dollar-based market in Euros. Nevertheless, even when valued in Euros, growth is forecast. The sector is benefiting from a long-term growth in demand and increased oil & gas prices and gas is growing in importance as a fuel. Shallow water producing regions are now in decline (although many small fields remain) causing major oil and gas companies to move to deepwater areas. However, operational spend is still growing in most regions. As numbers of shallow water fixed platform installations decline there is an increase in the use of floating production systems and subsea production. All these drivers are leading to 1.7% growth per year from 2005 to 2009 globally, although Europe is mature with oil production in long-term decline. MARINE RENEWABLE ENERGY Page 101 (€0.1bn in 2004, €6bn in 2009) This tiny new industry was valued globally at €128 million in 2004, with the vast majority of this spend in Europe (€121 million). 1999–03 2004 2005–09 Irish Market €M 46 – 255 UK Market €M 108 109 3,356 Europe Market €M 738 121 11103 World Market €M 741 128 12,649 It displays the largest growth of any sector and should increase to nearly €6 billion by 2009, representing 131% average annual growth rate 2005 to 2009 (987% over the forecast period). 99% of expenditure will be on wind farms with 2,258 turbines (totalling 7.5 GW) forecast to be installed over the period.There is also embryonic wave and tidal activity. Europe will account for 85% of the forecast capital expenditure.The UK will develop first (with 26% of total expenditure to 2009) then Germany will follow on and achieve 40% of total five-year expenditure. European technology leads the world, but the challenge is to reduce costs by use of large 5 MW turbines involving increased distances from the shore and water depths. Ireland has one development to date, but a world-class natural resource. MINERALS & AGGREGATES Page 105 (€2.7bn in 2004, €3.1bn in 2009) The world value of the industry is estimated at €2.7 billion in 2004, with Japan reported to be the largest producer.Within Europe, valued at €1.3 billion in 2004, the UK dominates, with the industry employing 2,500 people.The sector is dominated by the production of aggregates which are supplied to local markets, with offshore 1999–03 2004 2005–09 Irish Market €M – – – UK Market €M 3,008 672 3,648 Europe Market €M 5,761 1,344 6,938 World Market €M 11,746 2,741 14,149
Page 1 and 2: Marine industries global market ana
Page 3 and 4: Contents 1 Douglas-Westwood - Compa
Page 5 and 6: MARINE INDUSTRIES GLOBAL MARKET ANA
Page 19: MARINE INDUSTRIES GLOBAL MARKET ANA
Page 71 and 72:
MARINE INDUSTRIES GLOBAL MARKET ANA
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 132:
Strategic Planning and Development
show all

Marine Industries Global Market Analysis - Marine Institute

Create successful ePaper yourself

Delete template?

Save as template?