Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Fisheries vessels. (Photo Credit: archer10 Dennis CC BY-SA 2.0)

Expanding global markets is a must for fisheries and aquaculture sector

Click on the flag for more information about Canada CANADA
Monday, December 09, 2013, 23:50 (GMT + 9)

Canada's commercial fisheries, aquaculture and processing industries could build on what is already a CAD 7-billion (USD 6.6 billion) a year sector by targeting the rising global demand for fish and seafood. But to capitalize on growing markets abroad, the industry needs to overcome its own fragmentation and uncertainty, according to a new Conference Board report from the Centre for Food in Canada.

The report, Strengthening Canada's Commercial Fisheries and Aquaculture: From Fin to Fork, assesses trends and provides recommendations to make the Canadian industry more economically-viable—and ensure that it is done sustainably.

The Conference Board highlights that Canadian commercial fisheries, aquaculture, and processing sectors provide nearly 83,000 jobs, with CAD 7 billion in output annually, of which commercial sea fisheries represents about 70 per cent.

The independent, not-for-profit applied research organization also states that efforts are underway to manage ecological challenges -- 88 per cent of major Canadian fish stocks were harvested below approved levels in 2011 and many retailers and distributors have sustainable sourcing commitments.

"The sector needs to improve its ability to sustain the resource and the environment along the entire supply chain, from fin to fork," said Jean-Charles Le Vallée, Senior Research Associate. "Success will depend on shifting the focus and pressure away from maximizing volumes caught or produced—and toward maximizing value of the product."

Canada is already one of the world's leading exporters of fish and seafood products, with exports valued at over CAD 4.1 billion (USD 3.8 billion) in 2012. The country's largest market by value is the United States (62 per cent), followed by China (11 per cent), the European Union (8 per cent) and Japan (6 per cent).

On the other hand, consumption is declining in Canada and reversing the decline will require renewed marketing of the health benefits of fish and seafood. Rapidly growing global demand —due to the rise of the middle class in Asia, among other factors—offers stronger opportunities for the sector.

The Food and Agriculture Organization forecasts that by 2021 demand will increase by 15 per cent over 2009-11 average levels. While most of that growth is expected to be in aquaculture, Canada has lost 40 per cent of its global market share in this industry since 2002. Financial restraints, rising costs of fish food, ecological concerns, regulatory requirements, and limited marketing are among the challenges the Canadian industry faces to become a more notable player in this market.

Although Canadian production is abundant, commercial sea harvests are declining. The number of Canadian fishing vessels has dropped by 15 per cent in the last decade, yet the harvesting fleet is still over-capacity—particularly in the Atlantic region. Furthermore, climate change is expected to shift future catches toward lower value stocks of fish in the Atlantic region.

The report's recommendations for the fisheries sector include: communicating the benefits of fish and seafood to domestic consumers; modernizing regulations and legislation; setting and enforcing ecological limits and objectives; and improving eco-certification efforts, and data about the fisheries sector.

This report is one of 20 being produced by the Centre for Food in Canada. Since 2010, the Centre has been engaging stakeholders from business, government, academia, associations, and communities in creating a Canadian Food Strategy —one that will meet the country's need for a coordinated, long-term strategy on industry prosperity, healthy and safe food, household food security, and environmental sustainability.

The strategy will be launched at the 3rd Canadian Food Summit 2014: From Strategy to Action, 18-19 March at the Metro Toronto Convention Centre.


editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
United States
Feb 9, 05:00 (GMT + 9):
IN BRIEF - FDA: Giant Eagle Voluntarily Recalls Japanese Hand Breaded Cod Fillets
United States
Feb 9, 05:00 (GMT + 9):
IN BRIEF - Bristol Bay Waypoints: February 8, 2016 February Board Meeting Canceled
India
Feb 9, 02:40 (GMT + 9):
Fisheries specialists recommend a greater role for women in aquaculture
United States
Feb 9, 02:20 (GMT + 9):
IN BRIEF - Oyster aquaculture on the rise
United Kingdom
Feb 9, 02:20 (GMT + 9):
IN BRIEF - Isles fisheries groups awarded support and development funds in a UK first
Panama
Feb 9, 02:10 (GMT + 9):
Cooperation agreement seeks to strengthen fisheries research
Myanmar
Feb 9, 02:00 (GMT + 9):
IN BRIEF - Report highlights Myanmar’s aquaculture potential
Angola
Feb 9, 02:00 (GMT + 9):
IN BRIEF - Fisheries Minister Inaugurates Fishmeal Factory
Marshall Islands
Feb 9, 02:00 (GMT + 9):
IN BRIEF - Fisheries group chief: US fishing treaty a ‘distraction’
Fiji
Feb 9, 01:40 (GMT + 9):
New multi-species hatchery to boost aquaculture
Australia
Feb 9, 01:00 (GMT + 9):
John West to deliver more than 100m ecolabelled tuna cans
United States
Feb 9, 00:00 (GMT + 9):
IN BRIEF - Mercury, DDT and other contaminants in fish are at a four-decade low
United States
Feb 9, 00:00 (GMT + 9):
IN BRIEF - Intersex Fish Found In Protected Waters
Bangladesh
Feb 9, 00:00 (GMT + 9):
IN BRIEF - Govt plans to ban catch Hilsa fish for 22 days
Namibia
Feb 9, 00:00 (GMT + 9):
IN BRIEF - Namibia benefits from Cuban aquaculture experts



Lenguaje
FEATURED EVENTS
  
TOP STORIES
NOAA proposes new traceability plan to combat IUU fishing
United States NOAA announced a proposal to implement a traceability plan for fishery products, aimed at combating illegal, unreported and unregulated fishing and to prevent fraudulent trade.
Online platform opens up new opportunities for New Zealand's seafood in China
New Zealand New Zealand seafood retailers may now reach new consumers based in China’s rural villages through Alibaba Group’s B2C e-commerce platform, Tmall.com.
Significant impact of climate change on Northeast fisheries, study foresees
Worldwide NOAA scientists have released the first multispecies assessment of how vulnerable U.S. marine fish and invertebrate species are to the effects of climate change.
Switzerland launches USD 2m-project to boost Egyptian aquaculture
Egypt The Embassy of Switzerland’s Office for International Cooperation, in collaboration with WorldFish and CARE International, has launched a project aimed at boosting production of inexpensive, nutritious and safe fish from sustainable aquaculture systems in Egypt.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Nueva Pescanova, S.L. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2016 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER