Information

Dear reader,
 

The latest issue of the EUMOFA Monthly Highlights has now been published. The headline messages from this month’s market insights are below.
The issue may be downloaded as a PDF here.
The data underlying the first sales analyses in the Monthly Highlights report are available in the annex here.
 

With kind regards,
The EUMOFA team

FIRST SALES IN EUROPE

According to data collected by EUMOFA from 11 EU Member States, in May 2022 blue whiting and European hake together accounted for 60% of the total first-sales value of the commodity group “groundfish”. Read more.

Access the most recent weekly (up to week 36 of 2022) and monthly (May 2022) data for first sales in Europe on the EUMOFA website.

FIRST SALES OF BLUE WHITING AND EUROPEAN HAKE

Over the 36-month observation period (June 2019 to May 2022), the weighted average first-sales price of blue whiting in France was 2,17 EUR/kg, which was 191% higher than in the Netherlands (0,75 EUR/kg), and 147% greater than that of Spain (0,88 EUR/kg). Read more.

In the same period, among the three surveyed countries of Italy, France and Spain, the weighted average first-sales price of European hake was the highest in Italy at 5,48 EUR/kg. That price was 66% more than the weighted average first-sales price in France (3,31 EUR/kg), and 29% higher than the weighted average price in Spain (4,26 EUR/kg). Read more.

EXTRA-EU IMPORTS

In 2022, both price and volume of frozen redfish from Iceland showed an upward trend. Price ranged from 2,82 to 3,25 EUR/kg, and volume from 12 to 154 tonnes. Read more.

CONSUMPTION

Compared to May 2021, household consumption of fresh fisheries and aquaculture products decreased in volume in each Member State in May 2022. Read more.

The most recent weekly (up to week 36 of 2022) consumption data can be accessed on the EUMOFA website.

DOGFISH IN THE EU

In 2020, EU landings of dogfish amounted to 1.650 tonnes, with Portugal, France, and Spain being the main landing countries. First-sale data show a high seasonality in France and a correlation between volumes and prices in both France and Portugal. The EU market is also supplied by imports, mainly from the USA (1.633 tonnes were imported to the EU in 2021). Despite the small supply volumes, some volumes of dogfish species are traded between EU countries (intra-EU exports amounted to 2.419 tonnes in 2021). Read more.

FISHERIES AND AQUACULTURE IN SINGAPORE

Fisheries and aquaculture production in Singapore has increased by 38,6% over the last 10 years, growing from 5.231 tonnes live weight equivalent (LWE) in 2010, to 7.249 LWE tonnes in 2019, with the highest volume registered in 2015 (8.161 LWE tonnes). During this time, aquaculture production has seen an increasing trend while fisheries production has decreased, although volumes have increased slightly from 2017 to 2019. However, between 2019 and 2020, both sectors had a significant decline in volumes (aquaculture by 17%, and fisheries by 75%). Read more.

GLOBAL HIGHLIGHTS

The EU and Norway concluded fisheries consultations that will modernise the exchange of fisheries data for control purposes. They agreed to use a common software platform for data exchanges developed by the European Commission. Read more.

MACROECONOMIC CONTEXT

Average prices for marine fuel in August 2022 ranged between 0,96 and 1,14 EUR/litre in ports in France, Italy, Spain, and the UK. Prices decreased by an average of about 3,9% compared with the previous month, and they also increased by an average of 119,7% compared with the same month in 2021. Read more.