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|EUMOFA data provides snapshot of EU seafood sector|
|Wednesday, 18 May 2016 15:10|
At the Seafood Expo Global, the world’s largest seafood trade fair, the European Commission organized information sessions on various topics. One of the services to be promoted was EUMOFA, the European Observatory for Fisheries and Aquaculture Products, to which were devoted two sessions on 26 and 28 April. Using data drawn from EUMOFA, Xavier Guillou from the Markets and Trade Unit of the General Directorate for Maritime Affairs and Fisheries showed some of the main trends on the EU market for seafood.
The EU is the largest trader of fishery and aquaculture products in the world in terms of value. In 2015, the trade flow (including intra-EU) amounted to almost EUR50 billion on a volume 14 million tonnes. The EU covers its domestic consumption mostly through imports, the majority of which are either frozen or prepared products. Shrimps, tuna, white fish and fishmeal are the most imported products. Norway (mainly salmon and cod) and China (processing country for white fish) are the main EU suppliers.
In 2015, apparent consumption in the EU increased 4% to reach 12,56 million tonnes. EU consumption is dominated by wild (as opposed to farmed) fish, which represents three fourths of the total, and consumption per capita in the union is just under 25 kg (2013). Last year the EU trade deficit in seafood reached EUR18 billion, the highest level ever despite a 3% increase in exports over 2014. In absolute terms EU exports were valued at EUR 4,5 billion in 2015. Exports are almost entirely (90%) composed of products from capture fisheries
EUMOFA comprises an extensive database of regularly updated and validated trade data from Member States as well as Norway and Iceland. Users can access the raw data or download regular analyses of species, products, and markets from the website (eumofa.eu).