International Aquafeed Directory 2023-24
Welcome to the 27th edition of the International Aquafeed Directory & Buyers’ Guide 2023/24, the essential guide for everyone involved in the global aquafeed industry. Last year I wrote about the effects of the war, and the challenges resulting from rising fuel costs, but the industry showed great resilience. The impact of inflation and reduced consumer spending dampened growth in the market at the beginning of the year, but an expected increase in aquaculture production will compensate for a mall decline in wild catches. This edition contains information relating to 450+ businesses and over 850 products, coupled with useful and practical information including the extruder and expander guide. We would like to take this opportunity to thank all the businesses that have contributed to the completion of this directory. I also hope that all of our readers across the world remain safe and well.
Welcome to the 27th edition of the International Aquafeed Directory & Buyers’ Guide 2023/24, the essential guide for everyone involved in the global aquafeed industry.
Last year I wrote about the effects of the war, and the challenges resulting from rising fuel costs, but the industry showed great resilience. The impact of inflation and reduced consumer spending dampened growth in the market at the beginning of the year, but an expected increase in aquaculture production will compensate for a mall decline in wild catches.
This edition contains information relating to 450+ businesses and over 850 products, coupled with useful and practical information including the extruder and expander guide.
We would like to take this opportunity to thank all the businesses that have contributed to the completion of this directory. I also hope that all of our readers across the world remain safe and well.
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7<br />
FAO GLOBAL FISH ECONOMY FAO<br />
where imports have consistently<br />
increased. Although prices softened<br />
after reaching record highs in 2022, they<br />
remain above the levels seen in previous<br />
years. That being said, pangasius is far<br />
more economical than most other<br />
whitefish species, placing it in a<br />
favourable position for consumers who<br />
are prioritising cost. In 2022, China<br />
regained its position as the largest<br />
market for pangasius, importing<br />
188 000 tonnes of fillets from Viet Nam,<br />
75 percent more than in 2021.<br />
Pangasius has gained market share<br />
against wild-caught whitefish in the<br />
US market, with its competitive pricing,<br />
which is attractive to consumers.<br />
Viet Nam maintained its leading role in<br />
pangasius production, with annual<br />
harvests rising by 14 percent in 2022.<br />
Stocking for harvest in <strong>2023</strong> is<br />
thought to be only slightly higher than<br />
in 2022, with narrow margins making<br />
farmers wary of overinvestment.<br />
TILAPIA<br />
Global tilapia production is projected<br />
to maintain a steady growth rate in<br />
<strong>2023</strong>, although falling prices pose a<br />
significant challenge to farmers.<br />
Domestic demand for farmed tilapia in<br />
China is steadily growing due to the<br />
expansion of retail marketing networks<br />
and improved cold chain infrastructure.<br />
In Asia, Indonesia and Viet Nam<br />
are emerging as important regional<br />
producers, with harvests increasing by<br />
7 and 14 percent, respectively, in 2022.<br />
In Latin America, both the Brazilian and<br />
Colombian tilapia industries are<br />
experiencing robust growth, with Brazil<br />
focusing on the domestic market and<br />
Colombia aiming to expand its export<br />
business to the United States. may be<br />
reduced.<br />
GROUNDFISH<br />
In <strong>2023</strong>, whitefish supplies will fall<br />
slightly below 2022 levels, with wild<br />
catches dropping to 7 million tonnes<br />
while farmed production is set to<br />
increase slightly to 14.6 million tonnes.<br />
Specifically, pollock supplies are<br />
expected to grow, while cod and hake<br />
will remain low. The total allowable<br />
catch for Alaska pollock has been set<br />
at 3.5 million tonnes, up by 15 percent<br />
from 2022. Norway, the leading<br />
producer of Atlantic cod, has seen catches<br />
decline by 40 percent over the last<br />
two years, restricting supply. Movements<br />
in the Norwegian Krone against the Euro<br />
have made many of the European<br />
Union’s imports relatively cheap, yet<br />
tight supplies continue to push prices<br />
up. Fish from the Russian Federation<br />
can no longer be shipped to the United<br />
States due to trade restrictions arising<br />
from the war in Ukraine, including the<br />
large proportion of Russian groundfish<br />
typically processed in China for export.<br />
The domestic market and exports to Asia<br />
and Africa have absorbed much of these<br />
unallocated supplies.<br />
SEABASS AND GILTHEAD<br />
SEABREAM<br />
Following high prices in the first quarter<br />
of <strong>2023</strong>, both European seabass and<br />
seabream prices have returned to levels<br />
consistent with the previous two years.<br />
The price adjustment came in response<br />
to weak demand, especially from the<br />
European Union, as consumers face<br />
reduced disposable incomes due to<br />
inflationary pressures and sluggish<br />
economic growth. Production costs have<br />
also risen rapidly, potentially leading to<br />
stagnant or slightly negative growth in<br />
seabream production. However, seabass<br />
production is expected to increase<br />
slightly due to marginally better market<br />
conditions. While a consistently weaker<br />
Turkish Lire is encouraging exports from<br />
Türkiye, the world’s largest producer of<br />
European bass and bream, this has<br />
complicated matters for producers, who<br />
rely heavily on imported inputs,<br />
particularly feed.<br />
TUNA<br />
Catches remained low in the first quarter<br />
of <strong>2023</strong>, with limited supplies expected<br />
until at least September, when the ban is<br />
lifted on fish aggregating devices in key<br />
areas under the responsibility of the<br />
Western and Central Pacific Fisheries<br />
Commission. Yellowfin prices are<br />
exceptionally high, remaining above<br />
USD 2 500 per tonnes, while skipjack<br />
Figure 2. Norwegian salmon export prices<br />
Figure 3. Thai skipjack tuna prices<br />
Source: European Price Report, FOB prices<br />
1.8Kg lb/pc & up, CFR Bangkok, Origin: Western Pacific. Source: INFOFISH trade news<br />
INTERNATIONAL AQUAFEED DIRECTORY <strong>2023</strong>/<strong>24</strong>
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