“Global World Tuna Markets”
INFOFISH TUNA CONFERENCE
3-5 June 2004
Bangkok, Thailand
Helga Josupeit, FAO
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This presentation will cover…
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World Tuna Catches
Fresh and Frozen Tuna Trade
Fresh and Frozen Tuna Prices
Canned Tuna Trade
Canned Tuna Prices
World Tuna Catches
Tuna catches by country
4500
4000
Others
Korea Rep
USA
Indonesia
Spain
Taiwan PC
Japan
1000 MT
3500
3000
2500
2000
1500
1000
2002
2000
1998
1996
1994
1992
1990
1988
0
1986
500
Total catch of the 5 main tuna species expanded quite strongly between 19862002: from 2.5 million MT to over 4 million MT, The main tuna catching nations
are concentrated in Asia, with Japan and Taiwan (Province of China) as the main
producers. Other important tuna catching nations in Asia are Indonesia, the
Republic of Korea and the Philippines. Japan continues to be the world’s major
tuna catching country, but catches have contracted in recent years. In 2002,
Japanese tuna production was 565 000 MT, which compares to a peak of 780 000
MT in 1986 and 1993.
Taiwan (Province of China) more than doubled its catch during the years under
review from 190 000 MT to 460 000 MT in 1998, but also Taiwan (Province of
China) experienced a decline in 2000. Nevertheless, in 2002, the tuna production
from this island reached 500 000 MT, very close to the Japanese production.
Noteworthy noting is the increase in tuna catch during the years under review of
Indonesia (+330%). The loss of the tuna fishing grounds in the Central Eastern
Pacific due to the tuna dolphin issue led to a substantial decline in US tuna
production, down almost 50%.
Spain and France are important tuna fishing countries, mainly catching in the
Indian Ocean.
Tuna catches by species
(1000 MT)
Skipjack
Yellowfin
Bigeye
Albacore
Bluefin
Total
1987 1991 1995 1998 2002
1017 1693 1653 1888 2030
847 955 1014 1094 1347
263 277 374 385 430
219 168 190 230 238
58
45
72
68
64
2404 3138 3303 3665 4104
Skipjack is by far the main species caught, and catches doubled during the past 15
years. In 2002, skipjack catches for the first time exceeded 2 million MT.
Yellowfin is the second major species, also growing, but at a slower path than
skipjack. This species is generally higher priced than skipjack, also used in
canning. In 2000, yellowfin catches was 1.35 million MT in 2002, quite an
increase from the 1 million MT of the mid 90s.
Albacore catches were stable over the years, while bigeye catche s went up. For
bigeye there is concern about over-fishing, especially in fisheries using TADs, as
we have heard already yesterday.
Summary and Outlook (catches)
• Catch continue to grow
• Skipjack by far the main tuna species
caught, but also yellowfin is growing
• Bluefin and bigeye resources under stress,
but while bluefin is well managed, bigeye is
a major concern
World Tuna Trade
Products entering international
trade
• Sashimi tuna
• Raw material for canning
– Whole frozen
– Tuna loins
• Canned tuna
• Specialty products (smoked, katsuobushi,
tuna steaks, etc.)
The main internationally traded tuna forms are raw material for canning (fresh, frozen and frozen pre-cooked
loins) tuna for direct consumption (fresh/chilled and frozen) and canned (solid pack, chunks, flakes, grated).
Japan is the main world market of tuna for direct consumption (sashimi). The Japanese mainly process
sashimi from tuna, marlins and yellowtail (Seriola quinqueradiata), the most expensive one being sashimi
from Atlantic, Pacific and Southern bluefin tuna. In Japan sashimi is consumed year round, but the peak
consumption periods are the Golden Week in May, the Bon Festival in August and the New Year festivities.
Sashimi is served in small slices, dipped in soy souce or wasabi (Japanese horse radish) and consumed raw.
Sashimi originates from fresh raw tuna meat, or from tuna frozen at -40° immediately after harvest. The
sashimi market requires the use of larger species, such as bluefins (ensuring the premium sashimi) bigeye and
yellowfin. Generally, larger fish are preferred to smaller fish. In terms of capture methods, tuna for the
premium sashimi market is generally caught by longlines, which ensure the best handling of the fish during
capture. In terms of processing methods, connoisseurs of the premium sashimi market favour fresh and
chilled tuna. Tuna for the sashimi market is also graded on aesthetic characteristics, such as bright/clear
appearance of the skin, clear and moist eyes, elastic skin and undamaged abdominal walls, and on the high
fat contents of the fish.
While processing tuna for sashimi is rather simple, processing tuna for canning is clearly more elaborated.
After capture, there are different steps to process tuna for canning. When the fish are unloaded from the
vessel they are thawed in running water or sprays of water. The fish are then quickly gilled, gutted, headed
and chilled or frozen. After cutting, the tunas are loaded into trays and taken to the pre-cooker. After precooking and cooling, the cleaners remove the skin from the fish and separate the loins from the skeleton. The
last step, canning, is a totally automated process. Canned tuna products are packed in oil, brine, spring water
or sauce. Once the cans are sealed, they are cooked a second time (“retort cooking”), for two to four hours.
After the retort cooking, the cans are cooled, labelled, and finally packed into cardboard cases for
distribution. It is a relatively common practice in the tuna industry to undertake all the processing stages up
to tuna loining as close as possible to the landing areas in developing countries and to export the semiprocessed product (tuna loins) to canneries in developed countries.
Other tuna commodities include dried and smoked tuna, tuna steaks, tuna burgers, tuna jerky, tuna sausage
and tuna roe. Animal feed and pet food are produced from processing waste of tuna canneries.
The HACCP principle (Hazard Analysis and Critical Control Point) is generally applied to the tuna industry.
HACCP implies food safety controls within the process rather than applied to the final product.
This part will cover…
•
•
•
•
•
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Fresh and Frozen Tuna Trade
Fresh and Frozen Tuna Prices
New developments in raw material
Canned Tuna Trade
Canned Tuna Prices
New developments in preserved
products
Tuna exports versus total exports
(1000 million US$)
1987
1991
1995
2002
Total
27.9
38.7
51.7
58.2
Tuna
1.9
2.9
4.2
5.0
Total tuna trade (export values) reached US$ 5 000 million in 2002, up from US$
1 900 million in 1987. During the same period total export value s of fish and fish
products increased from US$ 27 900 million to US$ 58 200 million.
Tuna is thus the third major fish commodity traded internationally- after shrimp
and groundfish, with about 9% of total trade in value terms. The tuna fishery is
practically the only fish processed and traded at an industrial scale, while for all
other commodities small companies prevail.
Exports in 2002 (Value)
Cephalopods
5%
Molluscs Fishmeal
4%
(other)
6%
Fish oil
1%
Others
25%
Freshwater
2%
Small
pelagics
7%
Tuna
9%
Salmon
8%
Shrimp
18%
Groundfish
15%
Shrimp is the most important commodity with about 18% of international trade in value
terms. It is interesting to note that this share stayed stable over the past 20 years, but
started to decline recently, due to lower prices for shrimp worldwide. Groundfish is
another important group with 15% of trade. Tuna is third with 9%. The relative
importance of salmon as an export item has increased over the past years from 5% in the
early 1990s, to reach 7% in 1999 and 8% in 2002 as a result of the booming salmon
farming industry in Norway and Chile.
6000
Tuna exports
Tuna catch
million US$
5000
4000
3000
2000
1000
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
0
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
million MT
Tuna exports versus catch
The above graph compares the growth in tuna catch (in quantity terms) with the
growth of tuna exports (expressed in value terms). It can be noted that trade
expanded more than catch, reflecting increase in value of both fresh and frozen
tuna in recent years. It has to noted, however, that the trade figures have not been
adjusted for inflation. In 1999, the oversupply of tuna led to a very strange
movement of the graph, while catches reached a record of 3.8 million MT, the
total value of tuna trade was lower than in 1998 or 2000. Something similar
happened in 2002, again indicating oversupply.
Fresh/Frozen Tuna exports
3500
Others
Australia
France
Spain
Korea Rep
Taiwan PC
3000
million US$
2500
2000
1500
1000
2002
2000
1998
1996
1994
1992
1990
1988
0
1986
500
Total fresh and frozen tuna exports jumped in 1997, but have stabilized in value
terms at about US$ 2 800 million. Unfortunately these figures do not include loin
exports due to problems we have with the coding system of tuna loins, which are
put under 1604 in export codes rather than under 03. Also in qua ntity terms,
whole fresh and frozen tuna exports was stable over the years at 1.3-1.4 million
MT. Tuna is thus an important trade item, with about 40% of the catch entering
international trade.
The main imported tuna commodities are frozen skipjack and froze n yellowfin in
terms of quantity, while frozen bigeye and yellowfin are the main imported
commodities in terms of value. The main importers of fresh, chilled and frozen
tuna commodities are Thailand (first in terms of quantity and second in terms of
value) which mainly imports frozen skipjack for its canneries, and Japan (first in
terms of value and second in terms of quantity), mainly importing frozen bigeye
for its sashimi market. In turn, the main world exporters of fresh, chilled and
frozen tuna are Taiwan Province of China, Spain, France and the Republic of
Korea.
Production of canned tuna (including frozen pre-cooked loins) increased from
499 000 MT in 1976 to 1.4 million MT in 2001 (net weight). The main producing
countries are Thailand, the United States and Spain. According to FAO data,
imports of canned tuna increased in terms of quantity from 89 000 MT in 1976 to
836 000 MT in 2001 (net weight).
Fresh tuna exports
(million US$)
1990 1993 1997 2002
Spain
34
32
79 137
Indonesia
42 122
70
91
Taiwan PC
67 113
74
46
Australia
2
3
47
70
Croatia
0
0
0
37
Total*
313 467 565 733
* including others
It is interesting to note the increase of fresh tuna trade world wide, even though
the expansion has been lower than anticipated some years cack. In 2002, some
150 000 MT were traded, 15 000 MT more than in 1990. Total value of fresh tuna
exports grew much stronger to reach US$ 733 million in 2002. The most
impressive growth was experienced by Spain, which is now the top exporter of
fresh tuna. This is coming mainly from the booming tuna farming activity in
Spain. The quantity of fresh tuna exported by Spain is relatively small (11 300
MT in 2002) which is mainly fresh bluefin for a high unit value of US$ 17.90/kg.
By comparison, the unit value of other fresh exports is US$ 3.50/kg. A curiosity
is the entry of Croatia among the top five, all based on bluefin outgrowing.
Main importing country is Japan with about 90 000 MT of fresh tuna imported
per year. In value terms Japan holds 75% of the world fresh tuna market. Fresh
tuna is mainly flown in by air, with Indonesia as main trading partner. The
presence of ranched bluefin tuna coming from Spain and Australia is expanding.
World Imports of fresh
or frozen tuna
4 000 000
4 000 000
3 500 000
3 500 000
3 000 000
Import quantity
2 500 000
2 500 000
Import value
2 000 000
2 000 000
1 500 000
1 500 000
1 000 000
1 000 000
500 000
US$ 000
tonnes
3 000 000
500 000
0
0
1976
1981
1986
1991
1996
2001
World imports of fresh, chilled and frozen tuna increased from 434 896 MT in
1976 to 1.6 million MT in 1998. They dropped to 1.4 million MT in 2000 and
increased again to about 1.7 million MT in 2002. In terms of value, world imports
of fresh, chilled and frozen tuna increased from US$406 million in 1976 to
US$3.4 billion in 1995, declining to US$3 billion in 2000 and 2001, but showing
a slight improvement in the latter year to reach US$ 3.2 billion in 2002.
The above graph shows that while in 1976 the unit value was about US$
1000/MT, in the late eighties, the unit value increased sharply to stabilize at about
US$ 2000/MT at present. This might be a surprise as during the last years prices
of tuna – both for the sashimi and the canned tuna market have declined.
2002
2000
1998
1996
1994
Others
Spain
Italy
USA
Thailand
Japan
1992
2000
1800
1600
1400
1200
1000
800
600
400
200
0
1990
1000 MT
Fresh/frozen tuna imports
Japan and Thailand are the world’s major fresh and frozen tuna importers.
The crisis of the Thai tuna canning industry led to a decline in fresh and frozen
tuna imports into the country in 1996 and 1997. In 1991, Thai imports of raw
material for its tuna canning plants reached a peak of almost 500 000 MT, a level
to which exports only recently were able to make it back, helped by low raw
material prices
On the other hand, the second major importer of fresh and frozen tuna, Japan,
reported a decline of imports in 1999, as a result of the economic crisis. Japanese
imports of tuna increased in 2000 and continued the upward trend in the
following years. Taiwan (Province of China) is by far the main supplying
country of frozen tuna to Japan. Fresh tuna imports into Japan have expanded in
recent years. Fresh tuna are flown into the country, with Spain and Indonesia as
the main supplier of this type of product.
The USA is the third major importer of fresh and frozen tuna to supplement tuna
supplies to its canneries, but as the number of canneries in the USA is declining,
also imports of raw material experience a continuous downward spiral. Also
Italian whole frozen tuna imports are declining, as the country shifted to precooked loins. Spain is still mainly using frozen tuna as raw material for its
canneries, and crew very strongly in recent years.
Italy: Frozen Yellowfin Prices
Pacific
2.5
US$/kg
2
1.5
Indian/
Atlantic
1
0.5
Jan-87
Jan-88
Jan-89
Jan-90
Jan-91
Jan-92
Jan-93
Jan-94
Jan-95
Jan-96
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
0
Linear
(Indian/
Atlantic)
The above slide shows yellowfin prices paid by Italian canneries. The same price
levels hold true also for other European countries canning yellowfin.
It can be noticed that yellowfin coming from the Indian Ocean or from the
Atlantic is commanding a higher price than yellowfin tuna from the Pacific.
However, the price differential is narrowing in recent years.
The general price tendency in recent years is for a strong decline. Prices that had
reached a high of over US$ 2000/MT in mid 1998, prices went down to US$
1000/MT in mid-2000. and have stayed on this low level ever since. The graph
shows very nicely the downward trend during the 18 years.
1400
1200
1000
800
600
400
200
0
Thai
USA
Africa
Jan-87
Jan-88
Jan-89
Jan-90
Jan-91
Jan-92
Jan-93
Jan-94
Jan-95
Jan-96
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
US$/MT
Frozen Skipjack Prices
The above slide illustrates skipjack prices in the three main consuming areas, that
is the USA, Thailand and Africa. The African price is generally lower than the
others, while Thailand pays the most for skipjack. During 1999-2000prices
declined sharply to reach US$ 350/MT in Bangkok. Prices recovered in early
2001, to US$ 750/MTat present. But the outlook is not very optimistic.
Italy: Frozen Tuna Loin Prices
Euro/kg
yellowfin
skipjack
Jan
-99
Ju
l-9
Jan 9
-00
Ju
l-0
Jan 0
-01
Ju
l-0
Jan 1
-02
Ju
l-0
Jan 2
-03
Ju
l-0
Jan 3
-04
4.00
3.50
3.00
2.50
2.00
1.50
The above slide shows loin prices paid by Italian canneries. Eve n though the
usage of skipjack in Italian canned tuna production has been traditionally low it is
expanding somewhat. It is interesting to see how the prices have recovered in
recent months after the low of US$ 2.00/kg experienced for skipjack loins in
February 2004, but it is also interesting to see that skipjack loin prices have come
closer to yellowfin prices in recent months. Price developments might mirror in
coming months the one of early 2001, when prices increase sharply by almost
50% in just 6 months.
Summary and Outlook
(fresh/frozen tuna)
• Fresh and frozen tuna trade recovered,
reflecting huge increase in catches
• Fresh and frozen tuna prices still very low
• Presence of tuna loins expanding in tuna
trade
• Fresh/frozen tuna trade forecast to stabilize
Canned tuna trade
Canned tuna production
(in 1000 MT)
1600
1400
Others
1200
Italy
1000
2002
0
2000
USA
1998
200
1996
Thailand
1994
400
1992
Spain
1990
600
1988
Japan
1986
800
The tuna canning industry, after the crisis in 1996-1997, recovered in 1998 when
a record 1.4 million MT of canned tuna were produced. In 2000, the production
of canned tuna was 1.35 million MT. Good demand in Europe gave a boost to
production, which reached 1.55 million MT.
Production in Thailand, which had been responsible for the increase in total
canned tuna production in the 1980s, declined during the crisis years. But
production is expanding again and was 290 000 MT in 2002.
USA used to be the main producer of canned tuna. Its production is quite stable at
275-300 000 MT per year during the 1990s. The closing down of canning
capacity in the USA led to a sharp decline in 2001, when only 230 000 MT were
produced. Spain experienced a boom in canned tuna production and consumption
in recent years. In fact, in 2002, Spain managed to overtake the US as second
major producer of canned tuna worldwide. The concentration of the industry in
fewer hands led to an improvement in efficiency, and less companies are
producing more. Canned tuna production increased by more than four times from
60 000 MT in 1986 to 252 000 MT in 2000. The graph shows very nicely the
strong growth in recent years. Italy is a distant fourth, with stable production
around 70 000 MT per year. Italy is now using more and more imported tuna
loins in order to cut the labour costs in its factories.
Canned Tuna Exports
2500
Others
million US$
2000
Ecuador
1500
Philippines
1000
Cote
d'Ivoire
Spain
500
Thailand
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
0
The above graph shows impressively the crisis of the canned tuna export industry
in recent years and the recovery in 2002. Canned tuna exports reached some US$
2 100 million in 2002. In 1999 and 2000 export earnings of the canning industry
dropped significantly to only US$ 1 700 million, back to 1995 levels.
Thailand continues to be the main exporting country of canned tuna, but the peak
of 1991 could not be reached again. Nevertheless, the 1998 canned tuna export
value for this country reached a strong US$ 600 million, very close to the 1991
record. On the wave of the general decline in canned tuna prices Thai export
earnings from canned tuna sales dropped sharply in 1999 and 2000 to recover
somewhat in 2001 and 2002. A strong new comer among the canned tuna
exporters is Ecuador, with exports targetting the US market, mainly for pouch
packs.
Canned tuna imports
3,000
3,000
Import quantity
Import value
2,500
2,000
2,000
1,500
1,500
1,000
1,000
500
million US$
1000 tonnes
2,500
500
0
0
1979
1982
1985
1988
1991
1994
1997
2000
Total canned tuna imports reached 1 million MT in 2002, quite an impressive
growth during the past years, but especially with regard to 2001, some 150 000
MT more entered international trade. Import value reflected the sharp decline in
prices in 2000, but are now back to US$ 2.5 billion.
Canned tuna imports (Unit value)
3.4
3.2
US$/kg
3
2.8
2.6
2.4
2.2
2
1,979
1,984
1,989
1,994
1,999
The unit value of canned tuna has experienced some up-and-downs through the
past years, hitting the ground at 2.2 US$/kg in 1985 (first tuna crisis) and more
recently in 2000. Unit value is slowly recovering. I think it interesting to note that
in both cases, only few years before the crisis the unit value and thus the price of
canned tuna had reached a peak.
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
Others
Germany
Italy
UK
France
USA
1987
1000
900
800
700
600
500
400
300
200
100
0
1986
1000 MT
Canned tuna imports
The USA continues to be the main canned tuna importing country with a record
164 000 MT in 2002. The country had experienced a decline in 2000 and 2001,
but the closing down of canneries in US territories and the changes in ownership
in the main trade marks, make imports more attracitve. Thailand continues to be
the main supplying country to the US market, but other countries such as the
Philippines are increasing their share on the US market.
European countries are among the top canned tuna importers, with a strong
increases in imports experienced by all main importing countries. UK is now the
main importer of canned tuna in the EU with 110 000 MT in 2000. More than
half of the canned tuna imported into the UK originates from Asia and more than
15% from Pacific Islands. These figures reflect the colonial links of UK with
some of the supplying countries. France imports very little canned tuna from Asia
or the Pacific, almost all its imports come from Africa. In the past, Western
Africa was dominant on the French canned tuna market, but in recent years,
canneries in Indian Ocean Islands have become important suppliers to the French
market. Italy has only recently emerged as a main importer of canned tuna. The
country used to produce its own tuna for its consumption, without much imports.
In the late eighties and early nineties, Italian canned tuna imports were in range
of 10-20 000 MT. Since many canneries and trade names were sold, and the
country is importing a lot of canned tuna, especially from the new owners in
Spain.
Canned Tuna Prices
30
25
US$/carton
EUROPE
USA
20
15
2003
2001
1999
1997
1995
1993
1991
1989
1987
1985
1983
10
Canned tuna price have decreased sharply in 2000, 2001 and again in early 2003,
reflecting lower raw material prices. Canned tuna is generally more expensive in
Europe than in the USA, but some of the price differential is given by the smaller
size of the US can (6 oz) when compared with the European standard can (6.5
oz).
Overall, one can say that canned tuna is a well liked product. The consumer is
generally not counting canned tuna among the fish dishes, but it is considered as
“something else”, probably more as meat. Consumption and demand are expected
to grow, but the limited resource, which in many places shows signs of decline,
will lead to higher prices in the coming years. These price increases might scare
away the consumer in the near future, as the consumer is used to canned tuna as a
relatively cheap product. On the other hand, the use of fresh and frozen tuna will
expand in many Western countries, where sushi bars are expanding. Higher prices
paid for sashimi tuna will lower the supply to the canning sector.
Summary and Outlook (canned tuna)
• Canned tuna trade growing in quantity
terms
• …but canned tuna trade collapsed in value
terms in 2000 and 2001
• Thailand still major canned tuna exporting
country, but the Philippines are growing
Canned tuna trade growing in quantity terms, especially 2002 has been a strong
year. Prices of canned tuna have declined in 2001, and have neve r recovered
again. As a result canned tuna trade collapsed in value terms in 2000 and 2001.
Thailand is still major canned tuna exporting country, but the Philippines is
growing in importance. Favoured by duty concessions, Latin American countries
are increasing their production. Ecuador is now the number three canned tuna
exporter.
Summary and Outlook (canned tuna)
• USA by far main canned tuna importing
country
• Demand in canned tuna consuming
countries growing, especially in Europe
• Prices, importers are willing to pay, are
relatively low, with some timid signs of
improvements
• Decline in quality in many markets
• New markets still far from being opened
(China)
USA by far main canned tuna importing country, with a new record reached in
2003.
Demand in canned tuna consuming countries growing, especially in Europe.
Figures for growth in imports are amazing for many European countries, such as
Italy and Germany, where canned tuna imports tripled in recent years. The
reasons are manifold, but the high Euro is favouring canned tuna imports as a
very cheap food item in this region.
Prices, importers are willing to pay, are relatively low, with some timid signs of
improvements in recent months.
Decline in quality in many markets. The use of hydro protein in the USA and the
use of tuna loins in some canneries have led to a decline in qua lity. But the
industry seems to be committed to improve the quality and the image of canned
tuna.
New markets still far from being opened – India or China have practically no
canned tuna consumption, also because of high tariffs.
Summary and Outlook (canned tuna)
• Less production of canned tuna in
developed countries
• More production in developing countries
• Recent investment by European canneries in
various Central American and South
American countries
Less production of canned tuna in developed countries due to high labour costs.
Canneries in the USA have closed down, production in Italy is declining, also in
France there is less production. This is balanced by more production in
developing countries.
Recent investment by European canneries in various Central American and South
American countries have resulted in a boost in production there.
Recent developments
• the tuna-dolphin issue, still unresolved since
the beginning of the nineties;
• the crisis of the tuna industry in the United
States;
• the internationalization of the European
tuna industry, and its integration with the
African and Latin American industries;
Recent developments (cont.)
• the strengthening of the position of Thailand
as the top world tuna producer (despite the
mid-decade crisis);
• the development of bluefin tuna farming, to
ensure full availability of sashimi to the
Japanese market.
Recent developments (cont.)
• the progressive substitution of whole frozen
raw material with loins operated by
canneries in developed countries; Spain is
an important exception
• the introduction of new canned products,
such as the wide range of tuna salads, tuna
in sauce and tuna paste;
Recent developments (cont.)
• the generalised increase in the world
demand for tuna for non-canning purposes;
• the growing concerns over tuna resources,
especially the valuable bluefins and bigeye
for the sashimi market.
Summary
• Consumption expanding, but not in all
countries
• Concentration of production and trade in
fewer hands
• New products have a good market, tuna
pouch product growing on the US market,
but European market seems reluctant
• New value added product should be
developed
Consumption expanding, but not in all countries
Concentration of production and trade in fewer hands
New products have a good market, tuna pouch product growing on the US
market, but European market seems reluctant
New value added product should be developed
CFC/INFOFISH project activities
Papua New Guinea and Maldives
•
•
•
•
•
•
•
•
Market Studies
Techno-economic assessment
Production trials
Trade Fair Participation
Buyer-seller matching & Trial marketing
Production manuals
Economic Feasibility assessment
Investment Profiles
CFC/INFOFISH project activities
Papua New Guinea and Maldives
Market Studies
Techno-economic assessment
Production trials
Trade Fair Participation
Buyer-seller matching & Trial marketing
Production manuals
Economic Feasibility assessment
Investment Profiles
CFC/INFOFISH project activities (cont.)
Papua New Guinea and Maldives
• Investment Promotion
• Dissemination (National workshop /
Industry Seminars)
• Training in Quality Assurance
• Training in laboratory techniques
• Regional Workshop
CFC/INFOFISH project activities (cont.)
Papua New Guinea and Maldives
Investment Promotion
Dissemination (National workshop / Industry Seminars)
Training in Quality Assurance
Training in laboratory techniques
Regional Workshop
CFC/INFOFISH project progress
Papua New Guinea and Maldives
•
•
•
•
•
•
•
•
•
2001 February – CFC approval
2003 April – Market studies commenced
2003 July/ August – technical assessment
of beneficiary companies
2003 October – Indonesia workshop
2003 November – US Market visit
2004 March – Production trials PNG
2004 May – Presentation of products in Brussels
2004 June – Presentation of products at
INFOFISH Tuna Conference
CFC/INFOFISH project progress
Papua New Guinea and Maldives
2001 February – CFC approval
2003 April – Market studies commenced
2003 July/ August – technical assessment
of beneficiary companies
2003 October – Indonesia workshop
2003 November – US Market visit
2004 March – Production trials PNG
2004 May – Presentation of products in Brussels
2004 June – Presentation of products at INFOFISH Tuna
Conference