Marine Industries Global Market Analysis - Marine Institute

34 MARINE INDUSTRIES GLOBAL MARKET ANALYSIS
into molluscs & crustaceans (shellfish) and demersal & pelagic (finfish).This is our
best estimate, although the Eurostat/FIGIS/FAO information only contains data on
‘miscellaneous’ demersal and pelagic fish tonnage, not representing all fish caught.
Therefore, we have assigned ratios of demersal/pelagic (of total catch) based on
available data and applied those ratios to the total fish tonnage data (which is
complete). Eurostat/FIGIS/FAO data on shellfish tonnage appears to be complete and
these areas should be valued more accurately than for fish.
The value of each of these subsets was estimated by assigning an average price per
tonne, using the FAO ‘World Fishery Production: estimated value by group of species’
table, containing annual data from 1999–2002. If anything, this approach is likely to
estimate the world value of marine capture fisheries conservatively. For available years,
BIM data is used for Ireland, and DEFRA data for the UK, rather than our own
estimates.
MARINE AQUACULTURE
Between 1996 and 2002 tonnage growth was 9% p.a. and $ value growth 4% p.a.
Continuing strong future growth in demand is forecast. Forecast data from 2003/4
onwards assumes a continuation of growth rate in the volume of marine aquaculture
produced at 4% per year, based on FAO tonnage and value data.
SEAWEED
The historic value of seaweed production value is based on the Eurostat Aquaculture
and Capture fisheries databases data, based on live weight, 1994 to 2002. Our analysis
shows a value growth trend of 3% forecast growth per annum and we use this as our
future annual growth rate.
FISH/SEAFOOD PROCESSING
There is a generally a lack of information available on this subject, in any useful
format for the purposes of the report.Therefore, seafood processing revenues have
been estimated as being equivalent to the combined marine aquaculture and
fishing product value for each country.This view is based on data from a number
of countries including Canada, Ireland and the UK.This ‘combined value
approach’ correlates well with the limited data found on the value of countries’
processing industries.