05 Oct Global finfish production review: Gradual growth
This is a summary of some of the findings from the Global Aquaculture Alliance’s (GAA) global production survey for selected finfish and mussel species. A presentation of the data collected and analyzed, co-authored by Ragnar Nystoyl, Ragnar Tveteras and Darryl Jory, was presented at the recent GOAL 2015 conference in Vancouver, Canada. The estimates are based on a global survey of many information sources undertaken by GAA, which is coordinated by Darryl Jory, and estimates from Kontali. Production figures until 2013 are significantly based on the FAO’s Fishstat database. The Norwegian Seafood Council and NMFS have provided data on prices for several species. Table 1 provides a summary of finfish production volumes, and pertinent individual species and trends are presented in the article. – See more at: http://advocate.gaalliance.org/global-finfish-production-review-gradual-growth/#sthash.yNUu16UT.dpuf
Tilapia — the most geographically and technologically diversified of all farmed species — has continued to add production over time (Figure 1). Tilapia production is expected to reach 5.1 million metric tons (MMT) in 2015, a 3.8 percent growth from 2014. Next year it is expected to grow by 4.2 percent to around 5.31 MMT. This is still significantly lower than the average growth rate from 2006 to 2015, which was 10.1 percent.
When we look at a representative price, the U.S. import price for frozen fillets, we find that real prices have been between $4-5 per kg since 2008. It increased last year to slightly above $5 per kg, and for most of 2015 it was on average $4.60 per kg. The increase in production since 2008 has not lead to lower market prices, indicating that the demand for tilapia has also shifted with supply.