Status and futures in the Pelagic
industry
By Julian Vangen
Irish Pelagic Seminar
Killybegs, Ireland
12th of November - 2010
Kontali Analyse AS
Kontali Analyse AS
Subjects of today:
• Who is Kontali Analyse AS
• Historical perspective of the pelagic fisheries
• Historical perspective in some of the key markets for pelagic fish
• The resent development for some particular interesting pelagic
fisheries world-wide
• Resent development in some key markets for pelagic fish
• Development in inventory for some major products
• Development for the fishmeal industry
• Overview of the Norwegian pelagic industry
Kontali Analyse AS
”Mission”
”We will tell the world how much fish and
seafood that are produced and we will tell the
world where this seafood is consumed.”
”Vision”
”We shall be the prefered provider of
decission basis connected to the seafood
business”
Kontali Analyse AS
• Established in Norway in 1980.
• 14 employees i Kristiansund, Norway
• A substitute of Nena AS, owned by the stock listed IMAREX.
• USA based Nymex/Chicago Mercantile Exchange is the
largest single owner of IMAREX.
Service and products from Kontali
Analyse AS
Regular publications:
Agreements:
- Kontali Monthly Salmon Report
- Marine Harvest/Lerøy
- Kontali Monthly Pelagic Report
- Cermaq
- Kontali Monthly Cod and Groundfish Reports
- Nutreco / Biomar
- Kontali Seabass & Seabream Update
- DNB Nor / Nordea ++ (Finance)
- Kontali Aquaculture Bulletin
- Fiskaren / Intrafish
- Several other weekly and monthly reports
- Fishpool
( Salmon and fish feed ind.)
- Salmon World
- Pelagic World
- Groundfish World
- The Salmon Farming Industry in Norway
- Salmon Market Analysis
(Fish feed ind.)
(Media)
(Fish exchange)
- Norges Råfisklag
Reports:
(Salmon industry)
- Marine Farms
(Norwegian sales org.)
(Farm seabass/seabream)
- Benchmarking 1st hand prices salmon
Ad Hoc missions:
-
Evaluations/reviews
- Lectures/Chart writing/ Workshop
- Prognosis
- Trade political assistance.
Kontali Analyse – Customers World Wide
How Kontali look at the world of seafood
Total Seafood Resources (09E)
146 mill tonnes
Fisheries – 91 mill tonnes
Pelagic species
Groundfish
Oth. marine fish
Freshwater fish
Molluscs/Squid
Crustac./Shrimp
Salmonids
Other
36,0 mill
20,0 mill
9,0 mill
10,0 mill
7,5 mill
6,0 mill
1,1 mill
1,4 mill
Aquaculture – 54 mill tonnes
Carp
21,0 mill
Tilapia
3,0 mill
Catfishes
2,5 mill
Oth. Freshw. Fish
8,6 mill
Molluscs
13,0 mill
Crustac./Shrimp
5,8 mill
Salmonids
2,2 mill
Demersal marine
1,3 mill
Source: Kontali Analyse / FAO
A historical perspective of the
pelagic fisheries world-wide
What is the pelagic fisheries
Catch development - wild aquatic organisms
100 000
90 000
70 000
60 000
50 000
40 000
30 000
20 000
10 000
0
1950
1952
1954
1956
1958
1960
1962
1964
1966
1968
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
1000 tonnes
80 000
What is the pelagic fisheries
40 most important fish species harvested per year.
Species
Marine fishes
Anchoveta
Freshwater fishes
Alaska pollock
Atlantic herring
Skipjack tuna
Chub mackerel
Largehead hairtail
Blue whiting
Chilean jack mackerel
Japanese anchovy
Scads
Yellowfin tuna
Sardine
Jumbo flying squid
Argentine shortfin squid
Chilean Sardine
Marine molluscs
Croakers/Drums
Atlantic cod
Sardinellas
Various squids
Pacific saury
Atlantic mackerel
Threadfin breams
European sprat
European anchovy
Cyprinids
Seerfishes
California pilchard
Saithe
Tilapias
Gulf menhaden
Sea catfishes
Bigeye tuna
Japanese flying squid
Sandeels
Pacific cod
Haddock
Argentine hake
Other
Total
Source; FAO
1950
1960
1 144
1
1 140
154
2 066
159
282
167
26
1
302
5
111
359
3 164
3 481
1 762
506
2 601
170
527
467
23
7
386
146
283
488
0
14
83
77
2 080
55
51
204
117
5
47
163
17
8
339
201
25
197
40
1
429
0
46
343
10
9 594
20 063
1
24
153
101
2 675
105
80
315
163
14
73
206
157
15
43
260
61
441
65
81
505
127
87
515
42
15 124
35 440
1970
4 925
13 060
2 883
3 057
2 320
396
2 016
552
39
109
420
241
363
610
1
1
57
289
145
3 106
522
103
163
669
70
237
372
37
57
36
642
160
549
131
146
492
192
186
914
108
23 947
64 321
1980
6 821
823
2 789
4 021
923
802
2 667
677
1 109
1 281
320
384
552
967
19
16
33
96
310
2 209
689
438
238
651
92
653
709
103
112
328
433
207
702
171
233
405
789
145
376
355
34 016
68 665
1990
8 856
3 772
3 035
5 736
1 542
1 288
1 330
758
577
3 828
536
827
1 029
1 522
15
410
299
614
402
1 491
448
603
436
658
143
245
540
373
248
314
417
330
520
188
312
321
754
442
204
420
40 953
86 737
2000
10 076
11 276
4 249
2 930
2 381
1 997
1 422
1 299
1 472
1 540
1 563
963
1 202
948
210
985
723
1 311
518
940
1 046
365
306
686
479
658
637
236
465
546
313
344
591
323
453
570
741
371
213
247
38 865
96 461
2002
9 979
9 703
4 081
2 653
1 874
2 045
1 439
1 271
1 573
1 750
1 679
1 115
1 362
1 097
400
540
347
1 281
532
903
724
328
335
761
533
622
670
283
470
722
388
330
582
349
461
504
917
333
270
412
38 310
93 931
2004
9 397
10 679
4 680
2 692
2 020
2 145
1 954
1 368
2 429
1 779
1 629
1 164
1 339
1 060
795
179
356
855
766
905
717
745
356
706
530
689
634
270
375
565
403
394
464
355
466
448
390
374
325
481
37 690
95 569
2006
9 192
7 007
5 558
2 860
2 225
2 559
1 970
1 368
2 039
1 829
1 509
1 118
1 111
1 034
853
704
440
903
766
834
726
646
395
548
531
593
533
413
387
356
496
398
409
343
429
388
301
342
319
407
38 347
93 185
2008
9 439
7 428
5 701
2 650
2 476
2 422
1 876
1 369
1 284
1 282
1 266
1 216
1 140
1 055
857
838
795
787
766
765
740
636
622
610
589
562
509
501
481
473
456
454
421
409
404
402
364
342
332
316
37 269
92 302
What is the pelagic fisheries
1 000 tonnes
12 biggest fishing nations
70 000
Norway
Myanmar
60 000
50 000
40 000
Philippines
Thailand
Russia
Chile
30 000
India
20 000
Japan
10 000
-
1950 1960 1970 1980 1990 2000 2002 2004 2006 2008
Source: FAO
USA
Indonesia
Peru
China
What is the pelagic fisheries
World fisheries 2008 (volumes in 1 000 tonnes)
Demersal
10 400
19 400
9 500
Freshwater &
diadromous
Marine fish nei
5 800
4 300
Crustaceans
3 000
36 800
Cephalopods
1 000
500
Source: FAO
Pelagic
Molluscs
(excl.cephalopods)
Aquatic plants
Miscellaneous aquatic
animals
2008
2006
2004
2002
2000
1998
1996
1994
1992
1990
1988
1986
1984
1982
1980
1978
1976
1974
1972
1970
1968
1966
1964
1962
1960
1958
1956
1954
1952
1950
Mill tonnes
What is the pelagic fisheries
Catch development - Pelagic species (incl.tuna and blue whiting)
50
45
40
35
30
25
20
15
10
5
0
What is the pelagic fisheries
Catch development - some main species
25
Japanese jack mackerel
Menhaden
20
Mill tonnes
Atlantic horse mackerel
15
Capelin
Atlantic mackerel
10
Chilean jack mackerel
5
Blue whiting(=Poutassou)
Atlantic herring
0
Anchoveta(=Peruvian
anchovy)
What is the pelagic fisheries
Largest fishery nations - pelagic species - (excl.tunas)
45 000
40 000
35 000
Tonnes
30 000
25 000
20 000
15 000
10 000
5 000
0
1997
Peru
1998
China
1999
Chile
2000
Japan
2001
Indonesia
2002
Norway
2003
2004
Philippines
2005
Russia
2006
USA
2007
Others
Historical development in catches
Tonnes
14 000 000
12 000 000
10 000 000
8 000 000
6 000 000
4 000 000
2 000 000
0
Development in catches of Anchoveta
Historical development in catches
Tonnes
3 000 000
2 500 000
2 000 000
1 500 000
1 000 000
500 000
0
Development in catches of Atlantic Herring
Historical development in catches
Tonnes
3 000 000
2 500 000
2 000 000
1 500 000
1 000 000
500 000
0
Development in catches of Blue Whiting
Historical development in catches
Tonnes
6 000 000
5 000 000
4 000 000
3 000 000
2 000 000
1 000 000
0
Development in catches Chilean Jack Mackerel
Historical development in catches
Tonnes
1 200 000
1 000 000
800 000
600 000
400 000
200 000
0
Development in catches of Atlantic Mackerel
Historical development in catches
Tonnes
3 000 000
2 500 000
2 000 000
1 500 000
1 000 000
500 000
0
Development in catches of Capelin
Historical development in catches
Tonnes
600 000
500 000
400 000
300 000
200 000
100 000
0
Development in catches of Atlantic Horse Mackerel
Historical development in catches
Tonnes
1 600 000
1 400 000
1 200 000
1 000 000
800 000
600 000
400 000
200 000
0
Development in catches of Menhaden
Historical development in catches
Development in catches of some of the main fishmeal
species
Tonnes
18 000 000
16 000 000
14 000 000
El Nino
12 000 000
10 000 000
8 000 000
El Nino
6 000 000
4 000 000
2 000 000
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
0
Historical development in catches
18 000 000
16 000 000
14 000 000
12 000 000
10 000 000
Menhaden
8 000 000
Ch.Jack M
6 000 000
Blue Whiting
4 000 000
Anchovy
2 000 000
1 995
1 996
1 997
1 998
1 999
2 000
2 001
2 002
2 003
2 004
2 005
2 006
2 007
2 008
2 009
2 010
2 011
0
Historical development in catches
NOK/kg
1,80
Development 1st hand prices, Blue Whiting,
Norway
• Firsthand prices in Norway increased in the period
from 1996 to 1998 for the Blue Whiting. Indicating
that the drop in the Anchovy catches influenced the
price level for the Blue Whiting.
1,60
1,40
1,20
1,00
• At the drop in Anchovy catches in 2003, the price
level for the Blue Whiting did not respond at the
same level as in 1997/98.
Development 1st hand prices, Norway
NOK/kg
12,00
• For herring, there is no indication of correlation
between the situation for the Anchovy catches and
the price level.
10,00
• The jump in price level from 2000 to 2001 was a
result of a considerable drop in catches in this
period, and of course a increasing share of catches
delivered fro the consume industry.
4,00
Mackerel
Herring tot
8,00
6,00
2,00
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
0,00
1994
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
0,00
1993
0,20
1992
0,40
1991
0,60
1990
0,80
A historical perspective of some
of the key markets outside the
EU
Historical development in some
key markets. Japan
Development import mackerel, Japan
Tonnes
200 000
JPY/kg
300
180 000
280
160 000
260
140 000
240
120 000
220
100 000
200
80 000
180
60 000
160
40 000
140
20 000
120
-
100
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2009 2010
per per
Sep Sep
Historical development in some
key markets. Japan
Tonnes
195 000
Development in import to Japan per supplying nation.
China
175 000
South Korea
155 000
Canada
135 000
Denmark
115 000
United Kingdom
95 000
75 000
55 000
35 000
15 000
Ireland
Norway
Historical development in some
key markets. Japan
Tonnes
Norwegian export of mackerel to Japan
200 000
180 000
160 000
140 000
120 000
100 000
80 000
60 000
40 000
20 000
0
JPY/kg
300
250
200
150
100
• The price, calculated in NOK, increased by
approx. 56% from 2000 to 2009. JPY/NOK
dropped 16% in this period.
• From 2009 to 2010 there was a 16% drop
in prices calculated in NOK/kg, while
JPY/NOK remained unchanged.
50
0
Tonnes
7 000
6 000
• For the Irish mackerel, prices calculated in
EUR dropped by approx. 15% from 2000 to
2009. JPY/EUR dropped by 20% in this
period.
JPY/kg
250
200
5 000
4 000
150
3 000
100
2 000
1 000
• From 2009 to 2010 there was a 13%
increase in prices calculated in EUR, while
JPY/EUR strengthened by approx. 6%.
Irish export of frozen mackerel to Japan
0
50
0
Historical development in some
key markets. Japan
Tonnes
Danish export of frozen mackerel to Japan
12 000
DKK/kg
14,00
10 000
12,00
8 000
6 000
10,00
8,00
6,00
4 000
4,00
2 000
2,00
0
0,00
Tonnes
UK export of frozen mackerel to Japan
3 500
GBP/kg
1,20
3 000
1,00
2 500
0,80
2 000
1 500
1 000
0,60
0,40
500
0,20
0
0,00
Historical development in some
key markets. Japan
Tonnes
Norwegian export of herring fillet to JapanPrice/kg
2500
210
JPY/Kg
2000
190
170
1500
150
1000
130
110
500
0
90
70 Tonnes
12000
10000
8000
6000
4000
2000
0
Norwegian export of herring to Japan
Price/kg
140
130
120
110
100
90
80
JPY/Kg
70
60
50
Historical development in some
key markets, Russia
Tonnes
30 000
Norwegian export of mackerel to Russia
RUB/Kg
NOK/kg
Price/kg
67
25 000
57
20 000
47
15 000
37
10 000
27
5 000
17
0
7
Tonnes
10 000
9 000
8 000
7 000
6 000
5 000
4 000
3 000
2 000
1 000
0
Irish export of frozen mackerel to Russia
RUB/kg
90
80
70
60
50
40
30
20
10
0
Historical development in some
key markets, Russia
Tonnes
70 000
60 000
50 000
40 000
30 000
20 000
10 000
-
Norwegian export of herring fillet to Russia
RUB/Kg
NOK/kg
Price/kg
45
40
35
30
25
20
15
10
5
Tonnes
0
250 000
Norwegian export of herring to Russia
Price/kg
30
25
200 000
150 000
RUB/Kg
20
15
100 000
50 000
-
10
NOK/kg
5
0
Historical development in some
key markets, Ukraine
Tonnes
UK export of mackerel to Ukraina
4 000
1,30
3 500
1,20
3 000
2 500
2 000
1 500
1,10
1,00
0,90
1 000
0,80
500
0,70
0
0,60
Tonnes
Norwegian export of mackerel to Ukraina
30 000
UAH/kg
25 000
20 000
15 000
NOK/kg
Price/kg
18
16
14
12
10
10 000
8
5 000
6
0
4
Historical development in some
key markets, Ukraine
Tonnes
18 000
16 000
14 000
12 000
10 000
8 000
6 000
4 000
2 000
-
Norwegian export of herring fillet to Ukraine Price/kg
UAH/kg
NOK/kg
12
10
8
6
4
2
0
Tonnes
120 000
Norwegian export of herring to Ukraine
Price/kg
7
UAH/kg
100 000
5
80 000
60 000
6
NOK/kg
4
3
40 000
20 000
-
2
1
0
Historical development in some
key markets, Egypt
Tonnes
16 000
14 000
12 000
10 000
8 000
6 000
4 000
2 000
0
Irish export of frozen mackerel to Egypt
EUR/kg
0,90
0,80
0,70
0,60
0,50
0,40
0,30
0,20
0,10
0,00
Tonnes
Norwegian export of mackerel to Egypt
3 500
3 000
2 500
NOK/kg
EGP/Kg
Price/kg
7,00
6,00
5,00
2 000
4,00
1 500
3,00
1 000
2,00
500
1,00
0
0,00
Historical development in some
key markets, Egypt
Tonnes
25 000
20 000
15 000
10 000
5 000
-
Norwegian export of herring to Egypt
Price/kg
5,0
4,5
4,0
NOK/kg
3,5
3,0
2,5
2,0
1,5
USD/Kg
1,0
0,5
0,0
Tonnes
10 000
9 000
8 000
7 000
6 000
5 000
4 000
3 000
2 000
1 000
0
UK export of mackerel to Egypt
0,43
0,41
0,39
0,37
0,35
0,33
0,31
0,29
0,27
0,25
The resent development for
some particular interesting
pelagic fisheries world-wide
Latest development for some species
with particular interest
Tonnes
Development in catches, South Pacific Horse Mackerel
2 500 000
2 000 000
1 500 000
1 000 000
500 000
-
2003
Chile China
2004
2005
2006
2007
2008
2009 2010 E
Vanuatu Russ/Peru Korea Dutch Poland Faroe/UK
Latest development for some species
with particular interest
Tonnes
450 000
Development in high sea catches, South Pacific Horse
Mackerel
400 000
350 000
300 000
250 000
200 000
150 000
100 000
50 000
-
2003
2004
2005
China
Vanuatu
Russ/Peru
2006
Korea
2007
2008
2009 2010 E
Dutch
Poland
Faroe/UK
Latest development for some species
with particular interest
Development in average CFR price, South Pacific Horse
Mackerel
USD/tonnes
1400
1200
1000
800
600
400
200
0
2003
2004
2005
2006
2007
2008
2009
2010
Latest development for some species
with particular interest
Catches , Pacific Horse Mackerel, Japan
Total catch:
Tonnes
2005
20 000
18 000
16 000
14 000
12 000
10 000
8 000
6 000
4 000
2 000
0
2006
2007
2008
2009
2010
2005 - 124 000 tonnes
2006 - 108 000 tonnes
2007 - 92 000 tonnes
2008 - 95 000 tonnes
2009 - 100 000 tonnes
2010 E - 90 000 tonnes
2011E - XXX?
Jan
Feb Mar
Apr May
Jun
Jul
Aug
Sep
Oct
Nov Dec
Latest development for some species
with particular interest
Development in 1st hand price , Pacific Horse Mackerel,
Japan
JPY/kg
2005
2006
2007
2008
2009
2010
350
300
250
200
150
100
50
0
Jan
Feb Mar
Apr May
Jun
Jul
Aug
Sep
Oct
Nov Dec
Latest development for some species
with particular interest
Development in catches of Mackerel
1 200 000
1 000 000
Canada
USA
Other EU
800 000
600 000
UK
Russia
Faroe Isl.
400 000
200 000
Norway
Ireland
Japan
-
Latest development for some species
with particular interest
Catches , Pacific Mackerel, Japan
Tonnes
600 000
500 000
400 000
300 000
200 000
100 000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 E
Latest development for some species
with particular interest
Catches , Pacific Mackerel, Japan
Tonnes
2005
90 000
2006
2007
2008
2009
2010
Total catch:
80 000
2005 - 512 000 tonnes
70 000
2006 - 536 000 tonnes
60 000
2007 - 464 000 tonnes
50 000
2008 - 447 000 tonnes
40 000
2009 - 396 000 tonnes
30 000
2010 E - 338 000 tonnes
20 000
2011E - XXX?
10 000
Jan
Feb Mar
Apr May
Jun
Jul
Aug
Sep
Oct
Nov Dec
Latest development in some species
with particular interest
Development in 1st hand price , Pacific Mackerel, Japan
JPY/kg
2005
2006
2007
2008
2009
2010
160
140
120
100
80
60
40
20
0
Jan
Feb Mar
Apr May
Jun
Jul
Aug
Sep
Oct
Nov Dec
Resent development in some
key markets for the pelagic
industry
Japan, Mackerel
30 000 000
Imported mackerel to Japan, per month in
2008
Malaysia
USA
25 000 000
China
20 000 000
South Korea
15 000 000
Philippines
10 000 000
Canada
Denmark
5 000 000
United Kingdom
0
Norway
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
20 000 000
18 000 000
16 000 000
14 000 000
12 000 000
10 000 000
8 000 000
6 000 000
4 000 000
2 000 000
0
Imported mackerel to Japan, per month in
2009
China
South Korea
Iceland
Canada
Denmark
Netherlands
Jan Feb Mar Apr May Jun
Jul Aug Sep Oct Nov Dec
Imported mackerel to Japan, per month in 2010
9 000 000
China
8 000 000
South Korea
7 000 000
Canada
6 000 000
5 000 000
Denmark
4 000 000
United
Kingdom
Ireland
3 000 000
2 000 000
1 000 000
Norway
0
Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct Nov Dec
United
Kingdom
Japan, Mackerel
Imported mackerel to Japan, per month in
2008
JPY/kg
450
400
350
300
250
200
150
100
50
0
Jan
Feb
Norway
Mar
Apr
May
United Kingdom
Jun
Jul
Denmark
Aug
Sep
Canada
Oct
Imported mackerel to Japan, per month in
2009
JPY/kg
500
450
400
350
300
250
200
150
100
50
0
Nov
China
Jan
Dec
Feb
Mar
Norway
China
Totalt 2008
Apr
May
Jun
United Kingdom
Ireland
Imported mackerel to Japan, per month in
2010
JPY/kg
450
400
350
300
250
200
150
100
50
0
Jan
Feb
Norway
Mar
Apr
May
United Kingdom
Jun
Denmark
Jul
Aug
China
Sep
Oct
Ireland
Nov
Dec
Totalt 2010
Jul
Aug
Denmark
Totalt 2009
Sep
Oct
Nov
Canada
Dec
Japan, Mackerel
Headline from local news paper Minato Shimbun:
Seine Fishing Catch Volume of Mackerel in
Ishinomaki decreases by 90% in August.
The catch at Ishinomaki port in Miyagi prefecture has
showed a significant decrease in volume of mackerel
large-mid vessel seine fishing.
Japan, Mackerel
Headline from local newspaper Nihon Keizai Shimbun;
Seine Fishing for Mackerel in the Northern Pacific Ocean starts.
Most of the fish caught were masaba weighing around 350 to 400 grams (from
2009 spawn), but there is quite an amount of masaba sized over 600 grams (from
2007). Mackerel in the Northern Pacific which is expected to have a good catch
this year has finally started to appear. The majority of the mackerel has a fat
content of over 20%, which is suitable for processing.
The extremely hot summer is affecting water temperatures, which also has an effect
on the timing of fishing. The situation will be carefully monitored this year to see if
it will start smoothly after mid-September, when the weather is expected to cool
down. Expectations for good catches are high
Japan, Mackerel
Hosehold Consumption of Mackerel
South Korea, Mackerel
South Korea, Mackerel
Development in inventories for
some major pelagic species.
Development in Herring
inventory Norway
Change in herring inventory Norway (per season) (Converted to whole fish)
340 000
290 000
Quantity (tonnes)
240 000
190 000
2008/2009
2009/2010
2010/2011
140 000
90 000
40 000
-10 000
-60 000
31 33 35 37 39 41 43 45 47 49 51 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29
Development in Mackerel
inventory Norway
Tonnes
90 000
Estimated inventory - Atlantic Mackerel (Norway)
(Converted to whole fish)
80 000
2008/2009
70 000
2009/2010
60 000
50 000
2010/2011
40 000
30 000
20 000
10 000
0
-10 000 32 34 36 38 40 42 44 46 48 50 52 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30
mai.10
jan.10
sep.09
mai.09
jan.09
sep.08
mai.08
jan.08
sep.07
mai.07
jan.07
sep.06
mai.06
jan.06
sep.05
mai.05
jan.05
sep.04
mai.04
jan.04
1000 tonnes
Development in inventory Japan
Cold storage inventory Japan - Mackerel - Jan 04 - Aug 10
160
140
120
100
80
60
40
20
0
mai.10
jan.10
sep.09
mai.09
jan.09
sep.08
mai.08
jan.08
sep.07
mai.07
jan.07
sep.06
mai.06
jan.06
sep.05
mai.05
jan.05
sep.04
mai.04
jan.04
1000 tonnes
Development in inventory Japan
Cold storage inventory Japan - Jack Mackerel - Jan 04 - Aug 10
60
50
40
30
20
10
0
Development in Fishmeal
inventory China
Development in fishmeal stock, China
Tonnes
300 000
250 000
2007
2008
2009
2010
200 000
150 000
100 000
50 000
0
jan
feb
mar
apr
may
jun
jul
aug
sep
oct
nov
dec
Development for the fish meal
industry
World fishmeal production
Production of fishmeal world wide 1980 - 2010 E
8 000
1000 tonnes
7 000
6 000
5 000
4 000
3 000
2 000
1 000
0
World fishmeal production
Development Fishmeal prices, CIF Hamburg
USD/tonnes
2 200
2 000
1 800
1 600
1 400
1 200
1 000
800
600
400
Fishmeal production and use in aquaculture
10000
9000
8000
1000 tonn
7000
6000
5000
4000
Fishmeal
Fiskemel
&
and use of
fiskeolje
fishmeal in
annet
agriculture
3000
2000
Aquaculture
1000
0
1963
1967
1971
1975
1979
1983
1987
1991
1995
1999
2003
2007
Fishmeal
Fiskemel
&
and use of
fiskeolje
fishmeal in
aquaculture
akvakultur
Fishmeal production and use in aquaculture
World fishmeal consumption by farming sector
70 %
60 %
2000
50 %
2005
2008
2010
40 %
30 %
20 %
10 %
0%
Aquaculture
Poultry
Pigs
Ruminants
Others
Fishmeal production and use in aquaculture
4,00
3,50
3,00
Kg
2,50
2,00
MicroBalance™
1,50
1,00
0,50
0,00
1990
1995
2000
2005
2008
2009
2010
Potential
World fishmeal production
Monthly Fishmeal consumption in China
140
120
1000 tonnes
100
80
60
40
20
0
2008
2009
2010
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
Overview of the Norwegian
pelagic industry
Existing players
Company
Group
Company
Austevoll Fiskeindustri
Austevoll Seafood ASA
Hopen Fisk AS
Atlantic Dawn Seafoods AS
Brødrene Myhre AS
Group
Karsten Flem AS
Norway Pelagic ASA
Brødrene Sperre AS
Koralfisk AS
Norway Pelagic ASA
Lofoten Pelagiske AS
Egersund Seafood AS
Bø Fiskeindustri
Nergård Pelagic AS
Lofoten Viking AS
Nergård Pelagic AS
Norway Pelagic
Norway Pelagic ASA
Maaløy Seafood AS
Coast Seafood AS
Norway Pelagic
Norway Pelagic ASA
Modolv Sjøset Pelagic AS
Austevoll Seafood ASA
Norway Pelagic
Norway Pelagic ASA
Moskenes Fiskeindustri AS
Norway Pelagic Bodø
Norway Pelagic ASA
Nergård sild
Norway Pelagic Sommarøy
Norway Pelagic ASA
Nils Sperre AS
Norway Pelagic Bergen
Norway Pelagic ASA
North Capelin AS
Norway Pelagic Karmsund
Norway Pelagic ASA
Darina Fish AS
Egersund Nor AS
Egersund Seafood AS
Olav E. Fiskerstrand AS
Egersund Seafood AS
Egersund Seafood AS
Rørvik Fisk AS
Emy Fish AS
Norway Pelagic ASA
Severin Tranvåg AS
Fonn Egersund AS
Fosnavåg Seafood AS
Fryseriet AS
Norway Pelagic ASA
Austevoll Seafood ASA
Sir Fish AS
Austevoll Seafood ASA
Sirevaag AS
Austevoll Seafood ASA
Skude Fryseri AS
Gimsøy Pelagiske AS
Sunnmøre Seafood AS
Grøntvedt Pelagic
Torsken Havprodukter AS
Gullfisk AS (Prev Harrengus AS)
Vikomar AS
H. J. Kyvik AS
Nergård Pelagic AS
Production development in Norway
Utilization of the NSS Herring catches landed in Norway
100 %
90 %
80 %
70 %
60 %
50 %
40 %
30 %
20 %
10 %
0%
Utilization of the North Sea Herring catches landed in
Norway
Fishmeal/Fishoil
Consumption
100 %
90 %
80 %
70 %
60 %
50 %
40 %
30 %
20 %
10 %
0%
Fishmeal/Fishoil
Consumption
Production development in Norway
Utilization of the Blue Whiting catches landed in Norway
100 %
90 %
80 %
70 %
60 %
50 %
40 %
30 %
20 %
10 %
0%
Consumption
Fishmeal/Fishoil
Utilization of Capelin in Norway
Total catch
Year
Fishmeal/Fishoil Consumption
Capelin
2007
68 %
32 %
40 599
2008
24 %
76 %
40 907
2009
35 %
65 %
230 000
Jan - Oct 10
23 %
77 %
261 000
Financial development Norwegian
industry
Latest development EBITDA margin, Consumption industry in Norway
EBITDA margin
18,0 %
16,0 %
Norway Pelagic/Global
Lofoten Viking
14,0 %
Fosnavaag Seafood
Atlantic Dawn
12,0 %
Tot.
10,0 %
8,0 %
6,0 %
4,0 %
2,0 %
0,0 %
2009
2008
2007
2006
-4,0 %
2005
-2,0 %
Financial development Norwegian
industry
Latest development EBITDA margin, Fishmeal industry in Norway
20,0 %
EBITDA margin
15,0 %
10,0 %
5,0 %
0,0 %
-15,0 %
Vedde
Måløy Sildolje
Bodø Sildoljefabrikk AS
2009
-10,0 %
2008
2007
2006
2005
-5,0 %
Financial development Norwegian
industry
Margins per sector - Total selection
16,0 %
12,0 %
10,0 %
8,0 %
6,0 %
4,0 %
2,0 %
Consumtion
Meal/Oil
0,0 %
2005
2006
2007
2008
EBITDA margins per sector - (BDO 07 excluded)
2009
25,0 %
Meal/Oil ex. BDO 07
Consumtion
20,0 %
EBITDA margin
EBITDA margin
14,0 %
15,0 %
10,0 %
5,0 %
0,0 %
2005
2006
2007
2008
2009
Thank you very much!!!