Merlu/ Hake – 2010

Extraits d’études de marchés
MERLU UE / HAKE EU - 2010
VIA AQUA – Extraits d’études de marché
Éléments sur le marché du MERLU / Elements about HAKE market - 2010
Hake production – EU 27
Hake accounts for
1,5% of European
catch
Official landings :
about 100 000 T
Volumes are stable
Hake production in Europe
120 000
100 000
Tons
80 000
60 000
40 000
20 000
Source :
FAO 2008
VIA AQUA – Extraits d’études de marché
0
2000
2001
2002
2003
2004
2005
2006
2007
2008
Éléments sur le marché du MERLU / Elements about HAKE market - 2010
Main producing countries for hake
20%
20%
10%
0%
10%
20%
0%
10%
0%
European hake
Other hakes
20%
60%
Total output
(official figures) :
ca. 100 000 T
10%
50%
0%
40%
20%
30%
20%
10%
20%
10%
0%
10%
20%
0%
0%
10%
0%
Source : VIA AQUA
d’après FAO 2008
VIA AQUA – Extraits d’études de marché
Éléments sur le marché du MERLU / Elements about HAKE market - 2010
TAC and quotas for hake
TAC is regularly climbing => 66 000 T en 2011
Spain catches exceed its quotas
France catches are not fully using French quotas
EU catch of regulated fishery (Merluccius merluccius / Atlantic) is officially ~ 60 000 T
Estimated actual catch is far higher
Hake TAC in Europe
70 000
60 000
Tons
50 000
Total UE
40 000
FR
30 000
SP
UK
20 000
10 000
0
2002 2003 2004 2005 2006 2007 2008 2009 2010
VIA AQUA – Extraits d’études de marché
Éléments sur le marché du MERLU / Elements about HAKE market - 2010
Hake consumption – EU 27
Annually, Europe is consuming 450 000 T of hake (wfe)
EU Domestic production is just covering 20% of it
Imports fresh : 8%
Imports frozen : 9% (whole) and 63% (fillet)
=> At least ¾ of consumed goods are supplied frozen
Hake consumption in Europe (wfe)
500 000
Tonnes wfe
400 000
300 000
Prod /
conso
200 000
export
100 000
import
0
-100 000
Frais entier
Congelé
entier
Congelé filet
export
-445
-12 016
-2 142
import
34517
52 040
288 060
Production
Prod / conso
VIA AQUA – Extraits d’études de marché
92 554
Consommati
on
452 568
Source : VIA AQUA
d’après FAO 2008
pour production et
Eurostat 2010 pour
commerce
Éléments sur le marché du MERLU / Elements about HAKE market - 2010
Hake consumption – EU 27
In the last ten years : decrease, then stabilisation
NB : estimates for European production evolution : +3% in 2009 and +3% in 2010
Hake consumption in EU27 (WFE)
700 000
TONS WFE
600 000
Frozen fillet
(I-E)
500 000
Frozen (I-E)
400 000
Chilled (I-E)
300 000
200 000
EU27
production
100 000
I-E = bilan
import - export
0
2 000
VIA AQUA – Extraits d’études de marché
2 002
2 004
2 006
2 008
2 010
Source : VIA AQUA
d’après Eurostat
Éléments sur le marché du MERLU / Elements about HAKE market - 2010
Main hake consuming countries
20%
kg/capita/annum
0,2 kg
% total consumption
(WFE) ca. 450 000 T
10%
0,1 kg
0%
20%
0,3 kg
10%
20%
40%
20%
10%
0,6 kg
0%
30%
30%
10%
0%
1,6 kg
20%
3,7 kg
0%
4,3 kg
20%
10%
10%
0%
Source : VIA AQUA
d’après Eurostat
2010
VIA AQUA – Extraits d’études de marché
0%
Éléments sur le marché du MERLU / Elements about HAKE market - 2010
Production/consumption imbalance :
supply shortages in European countries
Total shortage for hake in Europe 360 000 T (wfe)
90% of it within the 5 main consuming countries
Hake shortages in European countries (wfe)
200 000
124 000 T
175 000
Tonnes
150 000
125 000
85 000 T
100 000
75 000
44 000 T
50 000
29 000 T
27 000 T
25 000
0
Spain
Italy
Portugal
Consommation
VIA AQUA – Extraits d’études de marché
France
Germ any
Production
UK
Source :
VIA AQUA
d’après
Eurostat 2010
Éléments sur le marché du MERLU / Elements about HAKE market - 2010
The flow of hake throughout Europe
Chilled or
Frozen hake
1 000 T
Export
2 000 T
2 000 T
1 000 T
22 000 T
37 000 T
2 000 T
Intra-EU
Extra-EU
5 000 T
6 000 T
Export
7 000 T
61 000 T
15 000 T
Export
7 000 T
Missing:
44 000 T
Export
1 000 T
11 000 T
Missing:
27 000 T
Missing:
29 000 T
2 000 T
16 000 T
24 000 T
6 000 T
3 000 T
34 000 T
Source : VIA
AQUA d’après
Eurostat 2010
VIA AQUA – Extraits d’études de marché
Missing:
124 000 T
30 000 T
144 000 T
Export
12 000 T
Missing:
85 000 T
69 000 T
Éléments sur le marché du MERLU / Elements about HAKE market - 2010
Trends in hake prices
Hake price has been dramatically going down. Main reasons appear to be:
− Steady production (or even growing), thanks to healthy and accessible stocks
− Acute weakening of demand in Spain (about 40% of European market), due to
economic crisis, changes in consumption habits and competition of alternative
species (pangas)
NB : setback is going on in 2011
Price at auction for hake in Pais Vasco and France
5,00
4,50
4,00
EUROS/KG
3,50
3,00
France
2,50
Pais Vasco
2,00
1,50
1,00
0,50
0,00
2000
VIA AQUA – Extraits d’études de marché
2002
2004
2006
2008
2010
Source : VIA AQUA
d’après Basque
Government,
agriculture & fisheries;
FranceAgriMer
Éléments sur le marché du MERLU / Elements about HAKE market - 2010
Trends in hake imports
Volume and price of imported hake in Europe
160 000
3,50
Vol. frozen
3,00
Vol. frozen
fillets
140 000
Tonnes
120 000
2,50
100 000
2,00
80 000
1,50
60 000
Price for EU domestic
fresh is now below that
of imports
40 000
20 000
0
Price frozen
fillets
0,50
Price chilled
2002
2004
2006
2008
2010
Volume and price at auction for hake in France
10 000
6,00
9 000
5,00
Tonnes
7 000
4,00
6 000
5 000
3,00
4 000
2,00
3 000
2 000
VIA AQUA – Extraits d’études de marché
Price frozen
1,00
8 000
Source : VIA AQUA
d’après Eurostat,
FranceAgriMer,
RIC
Vol. chilled
0,00
2000
Import volumes are
decreasing (all
product types)
Euros/kg
4,00
Euros constants 2009
Price trends are
moving towards
stabilisation
180 000
Sales
Price €/kg
1,00
1 000
0
0,00
2000
2002
2004
2006
2008
2010
Éléments sur le marché du MERLU / Elements about HAKE market - 2010