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BC Ministry of Agriculture, Food & Fisheries
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  1. BC Ministry of Agriculture, Food & Fisheries BRITISH COLUMBIA’S SEAFOOD INDUSTRY 2002AND INIDCATORS FOR 2003 & 2004 January 2004 BCMAFF Seafood Development

  2. Preamble • The information for this presentation was derived from four sources: • MAFF publication “The 2002 British Columbia Seafood Industry Year in Review”; • Statistics Canada export data to September 2003; • MAFF publication “BC Canned Salmon Pack Bulletin – 2003”; and • DFO Fisheries Management Plans for projections into 2004 BCMAFF Seafood Development

  3. 2002 v 2001 BCMAFF Seafood Development

  4. 2002HIGHLIGHTS • The total wholesale value of all processed seafood products rose 10% to $1.148 billion • Top commodities/species for 2002 with wholesale value exceeding $50 million (m): BCMAFF Seafood Development

  5. 2002Highlights • Imports of US sockeye for canning increased from 770 tonnes in 2001 to 2,000 tonnes in 2002 • Wild salmon harvest up 45% to 33,000 tonnes • Wild salmon harvest shares for 2002 were: chum 37%, sockeye 30%, pink 26%, chinook 5% and coho 2% • Farmed salmon harvest up 26% to 85,400 tonnes BCMAFF Seafood Development

  6. BC Seafood Wholesale Value (1991-2002) BCMAFF Seafood Development

  7. Exports of BC Fish and Seafood Products1988 - 2003 BCMAFF Seafood Development

  8. BC v Canada Seafood Exports1993 - 2003 BCMAFF Seafood Development

  9. OUTLOOK 2003 Based on 2003 export data to end of September indications are: • Overall BC total shipments are projected to increase 7% and export value to reach $1.047 billion • Export prices for all wild and farmed salmon species will be up in 2003 BCMAFF Seafood Development

  10. Outlook 2003 • Wild salmon shipment volumes similar to 2002 • Volume of shipments of Atlantic salmon down 15% • Herring volumes and values similar to 2002 • Halibut shipments down, while prices are up ($11.45/kg v. $6.77/kg for the same period in 2002) BCMAFF Seafood Development

  11. Outlook 2003 • Crab shipments up and export value is projected to increase 30% from $30 million to $42 million • Shrimp/prawn shipments up and export value is projected to almost double to $41 million from $21 million last year • Geoduck shipments up and export value is projected to increase from $ 33 million to $40 million BCMAFF Seafood Development

  12. BC Seafood Industry Outlook 2003 BCMAFF Seafood Development

  13. 2003 EXPORT MARKETS • Top 5 markets US, Japan, Hong Kong,PR China and UK • Exports to US & Japan down slightly (3%) • Exports to Hong Kong up 18%, to PR China up 19%, and to UK up 37% • Growing markets in Taiwan, Korea, Thailand, Germany, France, Spain and New Zealand. BCMAFF Seafood Development

  14. The Look Ahead to 2004 BCMAFF Seafood Development