Marine Industries Global Market Analysis - Marine Institute

82 MARINE INDUSTRIES GLOBAL MARKET ANALYSIS
Figure 13.2: Fishing – World Market
Source: FAO, Eurostat and Douglas–Westwood
Table 13.1: Fishing – World Market
1999–03 2004 2005–09
Africa 16401 2583 11550
Asia 201183 31387 140377
Australasia 6100 939 4198
E Europe/FSU 14698 2091 9351
Latin America 48698 7403 33108
Middle East 3020 501 2242
North America 39622 6323 28278
Western Europe 32,313 4,758 21,280
TOTAL (€M) 362,035 55,983 250,386
Source: FAO, Eurostat and Douglas-Westwood
Figure 13.3: Fishing – Regional Segmentation
2005–2009
13.2 WORLD MARKET
The global fishing industry is in decline, while demand has grown dramatically. In the
last 50 years fish consumption per person has doubled. Japan, the US and the EU are
major seafood markets that depend on imports for approximately half of their
consumption. 51 The value of Asian production was greater than any other region in
2004, at over €31 billion. Latin America’s value was nearly a quarter of Asia’s, with
North America not far behind.
World fish consumption has been increasing since the 1960s, due to population
increase and lifestyle factors, such as increased awareness of health benefits. Fishing
technology has advanced over the years to increase catches. As a result of this overfishing
(and pollution) the ocean population of edible fish has decreased by 90%
during the last 50 years.The only way to bridge the gap between reduced capture
fisheries output and increased world demand is through aquaculture.
In 2004 world marine capture fisheries production was at €56 billion. Historically,
production value was €67 billion in 1999, and is forecast to fall to €49 billion by
2009.The world catch tonnage is falling as a result of serious resource problems and
quota restrictions.There are some opportunities offered by new species. However, the
industry faces a future of continuing global decline worldwide until a point of
sustainability can be reached.This decline is forecast at a rate of 2.5% per year in
Euros (0.99% in US Dollars), based on historic trends.
13.3 EUROPEAN MARKET
Europe’s fishing production amounted to 8% of world production in 2004
(€4.7 billion).Within the EU, the UK, Spain, France and Denmark all have
production valued at approximately €500 million each, although within the whole
of Europe Norway is the clear leader, with an output three times the size at
€1.49 billion in 2003.The expansion of the EU member states in 2003 has increased
competition, but also increased the export market for Irish seafood.
A very high percentage of Irish exports are to the EU, although they declined by
10.2% from 2002 to 2003 (excluding fish landings at foreign ports – some of the Irish
quota is landed in Norway where there are better prices and facilities for 24/7
offloading). 52 Meanwhile the domestic market experienced growth. Outside the EU,
a negative effect of the weak dollar has been felt, due to exports from the EU
becoming more expensive for non-EU consumers.
Source: FAO, Eurostat and Douglas–Westwood
51
FAO,‘Projection of World Fishery Production in 2010’.
52
‘BIM Annual Review’, p8, 2003.