The aim of this report is to provide an overview of the fishmeal and fish oil sectors derived from forage fisheries in the European Union. Landings destined for non-food use vary depending on the level of quotas and catches. Regardless of variations in catches, the EU production is not self-sufficient for fishmeal and fish oil. The gap is thus filled with imports.
As fishmeal and fish oil are global commodities, the market dynamics and price drivers are also affected by factors outside the EU. The study is therefore supplemented with a global overview of catch and production trends.
The study focuses on fishmeal and fish oil produced from fish catches with details by species.
The production data on fishmeal and fish oil also contains production of fish waste and by-products from the processing industry, but it is not possible to separate data on fishmeal produced from raw material from fisheries versus by-products and other. Therefore, the figures in the study contain volumes from all types of raw material. However, the report has a separate part covering EU imports and exports of "other non-food use" products.
The study consists of following sections:
- Non-food uses in a global perspective: covers global fishery landings and their share destined for non-food use. The section analyses the development in the global production of fishmeal and fish oil and the main producing countries, as well as global price trends.
- World fishmeal/fish oil market use by sector: explores the market segments in which the global fishmeal and fish oil volumes are used.
- EU landings for non-food use: covers the main species landed in the EU which are destined for non-food use.
- EU production of fishmeal and fish oil: covers the development of the fishmeal and fish oil production in the EU and the price development in the EU internal market and other European markets.
- Import – Export: covers the import/export trends over the years, the trade balances, markets, and prices. A short highlight on the trade flows of other non-food use products besides fishmeal and fish oil is also provided.