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The Live Fish Markets in China, Hong Kong, and ASEAN: Trends and Opportunities

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This insightful presentation by Fatima Ferdouse and Sudari Pawiro from INFOFISH delves into the vital role of fishery trade in developing nations, focusing on the growing demand for live seafood in Asian markets. Explore the price dynamics of various seafood products in Malaysia, the impacts of the global financial crisis, and the rise of high-value aquaculture species like grouper and soft-shell crab. Learn about the expanding market for imported and locally produced live fish, alongside trade patterns in countries such as China, Thailand, and Malaysia.

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The Live Fish Markets in China, Hong Kong, and ASEAN: Trends and Opportunities

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  1. Live Fish Markets in China, Hong Kong & ASEAN Presented by Fatima Ferdouse & SudariPawiro INFOFISH

  2. The importance of fishery trade in developing countries

  3. FAO Fish price Index: (2002-2004=100) 2012

  4. However, in Malaysia seafood prices remain high Farmed vannamei shrimp 60-70pc ; RM 25/kg Salmon steaks : RM 99/kg

  5. The high side seafood market : Imported Organic Seafood in Malaysia, Singapore, Thailand Frozen Cod: US$70 Organic smoked salmon: US$ 100/kg Breaded Organic Cod: US$200/kg Organic salmon, US$ 150/kg

  6. China Thailand

  7. GLOBAL FISHERY IMPORTS, BY CONTINENT bill. US$ 2011 EXPORTS

  8. Import demand has been higher in developing markets

  9. ---and there are better opportunities in Asian Markets January -September January - August This year, the global financial crisis has had its impacts on the emerging markets but imports into Malaysia increased , indicating strong domestic demand

  10. 2012 Fishery Export Trend

  11. Now a days , it is rather difficult to draw a clear line between low , medium and high value species . Marine fin fish such as groupers, sea bass , snappers , abalone , sea cucumber are the higher value aquaculture products with growing demand With a different name ‘Siakap’ (Asian seabass) has a better image . When marketed as “barramundi” , it sells well at a higher price in Asian and western markets . soft-shell crab farming is taking over many brackish water shrimp ponds in the region due to better market opportunities. Imports of high value seafood continues to rise in Asia .

  12. Regional import and domestic markets for live food fish and crustaceans are expanding • While China is the growing outlet for live marine fishery products, freshwater species are gaining popularity in other markets. • Pink tilapia has replaced wild red snapper in many seafood restaurants since 1997 economic recession • Restaurant demand for live freshwater prawn has also increased, replacing black tiger shrimp

  13. GLOBAL FISHERY SUPPLY

  14. In the long run ------

  15. LIVE MARINE FOOD FISH MARKET

  16. LIVE FISH MAJOR MARKETS IN ASIA • China • Hong Kong • Taiwan • South Korea • Singapore • Malaysia • Japan • Thailand, Vietnam, Indonesia • Mainly local production + imports • Imports • Local production • Local production + Imports (from China) • Imports + local production • Local production + imports • Local Production • Local production

  17. Live fish imports into HK in 2011 (36676 tons)

  18. Live marine fish traded in HK Over 60 species of marine finfish are traded in the market, • Species English/Common Name - Epinepheluscoioides Green grouper/orange-spotted grouper - E. bleekeri Spotted grouper/duskytail grouper -Lutjanusargentimaculatus Mangrove/red snapper - E. polyphekadion Flower/cod grouper - E. fuscoguttatus Tiger grouper - Plectropomusareolatus Spotted coral grouper/trout grouper - P. leopardus Leopard grouper - E. malaboricus Malabar grouper - P. maculatus Spotted coral/trout grouper - CheilinusundulatusHumphead/Napoleanwrasse - Trachinotusblochii Pompano - E. lauceolatus Giant grouper

  19. Three Main Market Segments for Live Seafood (Source: WWF, Hong Kong)

  20. Importers: Capture or culture species Fish Traders Primary Distributors Re-export to China Premium-priced Restaurants Retailers/ Domestic Consumption Medium-priced Restaurants

  21. Import trends of live grouper into HK

  22. Imports of live grouper in 2011

  23. Huge market- but mainly supplied from domestic production • Imports of live food fish is still small (6516 tons in 2011) • Demand is growing for live grouper • Supplies are mainly from HK (re-export) and Taiwan • Imports dropped in 2011 but recover in 2012

  24. Economic Co-operation Framework Agreement in 2010: import tariff reduce to 5% • Direct export using live fish carrier to major cities in China • Taiwan government targets US$263 million exports by 2013 • Competition from local production (Hainan Island)

  25. China-ASEAN Free Trade Area (CAFTA) • Chinese businessmen invested in Vietnam in grouper farming • Join venture between Taiwanese company and Brunei invest in Red grouper farming (indoor) • Indonesia grouper farming centres: Bali, Situbondo and Lampung also targetting HK and China markets. • Borneo Aqua Harvest from Sabah sales directly to Xiamen

  26. Singapore Live finfish market

  27. Malaysia

  28. Trends and Issues • Increasing supplies from aquaculture (Taiwan, Indonesia, Thailand, Malaysia, Phillipines, Brunei, Vietnam) • Growing demand: China and SE Asian markets • Current high dependency on live fish market • The New trend: Air-flown freshly killed grouper for banquets from Australia • Farming: costs, feed related issues (trash fish vs pellet)

  29. Thank you

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