The Price Development in Finnish Fisheries Vesa Karttunen Federation of Finnish Fisheries Associations EAFE Workshop 1.-2. June 2010 Outline of presentation • Finnish fisheries today • Development of fish prices • Effecting factors EAFE Workshop 1.-2. June 2010 EAFE Workshop 1.-2. June 2010 EAFE Workshop 1.-2. June 2010 EAFE Workshop 1.-2. June 2010 EAFE Workshop 1.-2. June 2010 kg / pers. fillet weight Consumption of fish in Finland 18 16 14 12 10 8 6 4 2 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Imported Domestic EAFE Workshop 1.-2. June 2010 EAFE Workshop 1.-2. June 2010 EAFE Workshop 1.-2. June 2010 EAFE Workshop 1.-2. June 2010 EAFE Workshop 1.-2. June 2010 EAFE Workshop 1.-2. June 2010 EAFE Workshop 1.-2. June 2010 EAFE Workshop 1.-2. June 2010 Effecting factors on fish prices, FGFRI results: - Imported farmed Norwegian salmon, domestic farmed rainbow trout and wild Baltic salmon are close substitutes. As well, whitefish, perch and pike-perch are substitutes. - The price of imported salmon determines the price of wild salmon and farmed rainbow trout. -Prices of wild caught species are affected by farmed rainbow trout -The markets of Baltic salmon, pikeperch, whitefish and perch are partially integrated in Sweden and Finland EAFE Workshop 1.-2. June 2010 The additional affecting factors in the prices of wild caught species -The organisational structure of fishermen and fish market - No producer organisations, - long distances – no auction system, often only one buyer -Dependence on fur industry (pelagic species) - Importance of recreational fishery – willingness to pay - During last few years: demand >> supply => increase of prices EAFE Workshop 1.-2. June 2010 Thank you! EAFE Workshop 1.-2. June 2010
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