EUMOFA Monthly Highlights No. 3/2024 is online

This month’s issue analyses first sales of blue shark in Spain, France and Portugal, and John Dory in France, Spain and Italy. The case studies of this month are: “The fish and seafood market in Hong Kong” and “Albacore tuna in the EU”.

FIRST SALES OF BLUE SHARK AND JOHN DORY. Over the 36-month observation period (February 2021 – January 2024), the weighted average first-sales price of John Dory in Italy was 17,11 EUR/kg, 15% higher than in France (14,82 EUR/kg), and 45% above the average price in Spain (11,82 EUR/kg). During the same period, the weighted average first-sales price of blue shark in Spain was 2,73 EUR/kg, 182% higher than in Portugal (0,97 EUR/kg) and 90% higher than in France (1,44 EUR/kg).

EXTRA-EU IMPORTS. In 2024, the price of frozen monkfish from Namibia showed a fluctuating and decreasing trend. Price ranged between 7,50 EUR/kg to 9,01 EUR/kg, and volume fluctuated strongly between 338 kg and 97 tonnes.

CONSUMPTION. This month we focus on miscellaneous shrimps in Denmark, the Netherlands, Portugal and Ireland. In the last three years, average monthly consumption of miscellaneous shrimps in Portugal was 440 tonnes/month, with an average price of 10,33 EUR/kg.

The most recent consumption data can be accessed here.

THE FISH AND SEAFOOD MARKET IN HONG KONG. The estimated fisheries production of Hong Kong in 2023 amounted to 87.000 tonnes at a value of EUR 2,8 billion, a 24% decrease in capture volume compared to 2021. In 2023, Hong Kong imported 393.577 tonnes of fishery and aquaculture products at a value of EUR 3,4 billion. The same year, Hong Kong exported 46.238 tonnes of fishery and aquaculture products at a value of EUR 740 million.

ALBACORE TUNA IN THE EU. In 2023, the EU-27 imported 6.627 tonnes of albacore tuna at a value of EUR 22 million, mostly frozen destined for the canning industry (50% of the imports total value) and frozen for other purposes (46%). The major providers of albacore tuna to the EU market were by far South Africa, accounting for 43% of the extra-EU import value, and China (37%). Spain was by far the main importer accounting for 86% of the albacore tuna extra-EU imports value, followed by France (8%) and Portugal (5%).

MACROECONOMIC CONTEXT. Average prices for marine fuel in March 2024 ranged between 0,67 and 0,81 EUR/litre in ports in France, Italy, Spain and the UK. Prices decreased by an average of about 2,3% compared with the previous month and by an average of 1,3% compared with the same month in 2023.

Monthly Highlights no. 3/2024 is now available here.

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