ISSN 2314-9671
No. 06/2016
MONTHLY HIGHLIGHTS CONTENTS
First sales in Europe Focus on Lithuania (cod and European flounder) and Sweden (saithe and plaice) Global Supply Case study: Sardine market in the EU Consumption: Fresh seabass and seabream Macroeconomic context
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In this issue Large increase in value among the major species landed were observed for mackerel (+23% in the UK, +8% in Norway), Norway lobster (+93% in Denmark, +18% in the UK), cod (+21% in Norway, +2% in the UK) and hake (+12% in Denmark, +34% in Greece, 8% in Portugal, 10% in the UK). In Lithuania, an increase in the volume landed, combined with a 3% increase in the average price, resulted in a higher first-sales value (+6%). The average price of cod experienced a decreasing trend, due to the low quality of the species from the Baltic Sea. In Sweden, the accumulated first-sales value and volume decreased 5% and 19%, respectively, over January–March 2015. Herring (–19%), saithe (–37%) and plaice (–32%) were among the species with the highest decrease in volume. In March 2016, decrease in volume were observed for cod (–51% in Belgium, –31% in Denmark, –7% in the UK), saithe (–7% in Denmark, –25% in France, –7% in the UK, –22% in Norway) and sole (–31% in Belgium,–30% in France, –15% in Portugal) compared with March 2015. Total catches in Germany amounted to EUR 223 million in 2015 (+7% over 2014). Spanish Marine finfish aquaculture increased 10% in 2015 at 48.000 tonnes for a first-sales value of EUR 292 million. At wholesale in Spain average price of fresh fish increased 12% in 2015. In the past 10 years, the EU sardine supply has changed significantly, with most of the major sardine fishing countries experiencing strong declines in landings. The EU registered a sardine trade deficit of EUR 100 million in 2015. Morocco is by far the first supplier of the EU of frozen and canned sardines. Extra-EU imports of fresh sardines are almost non-existent, demonstrating that there is no alternative to the European sardine for the fresh supply. The contraction of supply should lead to higher first-sales prices for fresh sardine and to shortage situations, although retail prices may not be affected strongly. French retail prices of farmed fresh seabass are the highest among the Member States surveyed and exhibit an increasing trend.
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