cold water shrimp offshore 1. shell on shimp 2 shrimp size development in size: 2005 - ave: 100...

Cold Water Shrimp

Offshore

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Shell on shimp

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Shrimp size

• Development in size:

• 2005 - ave: 100 pcs/kg• 2010 – ave: 100 pcs/kg• 2012 – ave: 140 pcs/kg

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Off shore shrimp

Canadian off shore shrimp is getting smaller:

Enviroment ?

Sea temperature ?

Enough feed ?

Overfishing ?

Preditors ?

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Offshore production

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Cooked Japan production Industrial

Cooked shell on

• Main markets for cooked shell on shrimp are:

• Russia• China• Japan• Scandinavia• Ukraine

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Russia

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2007- Russian CWS market was 50,000MT/Year

2012 – Russian CWS market is app. 40,000MT/Year

Shrimp Markets - Russia

• Largest market for Shell on Shrimp

• 2012 approx. 40.000 MT

• Finance

• Few (big) importers left

• Transparent

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Shrimp Markets - Russia

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Inland production glaze up ??%

Import only 7% glaze allowed.

Glaze calculation

Our calculation:

Cooked shell on shrimp 1000 g

Glaze 500 g

Ready product 1500 g

Glaze 50%

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Glaze calculation

Russian calculation:

Ready products 1500 g

Glaze 500 g

Cooked shell on shrimp 1000 g

Glaze 33,3%

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Shrimp Markets – China

• 2002 – CWS market was 40,000MT

• 2007 – CWS market dropped to 15.000MT

• 2012 –CWS expected to increase to 17,000MT

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China

• Few (big) importers.• Big stocks waiting for sales (Chinese New Year)• Quality (head colour important)• Strong demand for bigger sizes• Stocks empty before Chinese New Year = good 2013

season• Stocks not empty before Chinese New Year = uncertain

2013 season

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Shrimp Markets - Japan

• The most stable Market

• Demands excellent quality

• Raw Shrimp

• Large Sizes (Smaller sizes are starting to be accepted)

• Pays the highest price

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Scandinavia

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Sweden and Norway have tradition for shell on shrimp

Big shrimp is favourite

New trend is handpeeled cooked & peeled shrimp

Handpeeled

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Just look at the price per kilo !

Industrial shrimp

• Markets• Asia, Iceland and Norway• Mostly small shrimp produced as industrial• Less industrial available – more small shrimp is cooked

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Cooked shrimp

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2007 2008 2009 2010 2011 20120

1

2

3

4

5

6

7

70/90

90/120

120/150

150/180

180/220

220+

Year

US

D p

er k

ilo

Raw Japan

2007 2008 2009 2010 2011 20120

100

200

300

400

500

600

90/110100/110110/120120/130

Year

YE

N p

er k

ilo

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Raw Industrial

2007 2008 2009 2010 2011 20120

2

4

6

8

10

12

14

16

18

20

200/250250/300

Year

DK

K p

er k

ilo

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2013 Forecast

• Quota reductions (Greenland 25.000MT?)• Smaller shrimp – catch rates change ?• Unknown EU duty rules for shell on – second producers

(end-use 9.000 MT?)• Supply decreases more than demand ?• Stable prices – some sizes even higher prices?• Getting customers to accept price increases?• Exchange rates?

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