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IFFO’s members reside in more than 50 countries, account for over 50% of world production and 75% of the fishmeal and fish oil traded worldwide

Updated FIFO calculation by IFFO shows more salmonids produced than fish consumed in 2015

Click on the flag for more information about United Kingdom UNITED KINGDOM
Monday, October 16, 2017, 22:00 (GMT + 9)

IFFO, The Marine Ingredients Organisation, has calculated new Fish In: Fish Out ratios (FIFO) for 2015 and for the first time FIFO figures for salmonids are below 1. Calculated with FAO data, Fish In: Fish Out ratios (FIFO) have been used by as a way of reviewing the consumption of wild fish by the sector since the 1990s. Salmonids have drawn attention on this subject in the past, and have been criticised previously for their use of fishmeal and fish oil.  In 2015 the sector produced more fish protein than it consumed.



Previously, IFFO provided figures for FIFO for 2000 and 2010 and has now updated these using 2015 production and consumption data. The 2015 figures retain the trend of reducing FIFOs seen between 2000 and 2010. Overall fed aquaculture FIFOs have declined from 0.63 to 0.33 to 0.22 over the period. Succinctly put, this means that for every 1kg of wild fish consumed by the aquaculture industry as feed, a total of 4.55kg of farmed fish was produced in 2015. As aquafeed volume has continued to increase against a background of finite fishmeal and fish oil supply, we may expect that in 2017 the figure is even higher.

IFFO’s Technical Director Dr Neil Auchterlonie, who calculated these figures noted “the fishmeal industry supports the production of a significantly greater volume of protein for humanity than would be supplied merely through the direct consumption of the fish used as raw material in the production process. This represents a significant contribution to global food security.”



How FIFO ratios are calculated

The way that IFFO calculates FIFO ratios is based on the following:

  • Use of FAO production data to provide estimates for aquaculture production tonnages by species groups;
  • Standard yield figures for fishmeal (22.5%) and fish oil (4.8%) applied across all raw materials in production;
  • Estimates for industry use of byproduct in fishmeal and fish oil production are applied (currently at 33%);
  • Application of industry-wide feed inclusion levels for fishmeal and fish oil, feed conversion rates (FCR), and regional proportional fed volumes estimates based on expert opinion;
  • A correction for fishmeal and fish oil volumes assuming marine ingredients operate within a global industry where the redirection of products to meet market needs occurs (removes the risk of double-counting).

For individual species groups, the total amounts of fishmeal and fish oil are calculated based on the required feed volumes, in turn based on FCR estimates.  These figures are extrapolated to whole fish equivalents for raw material, based on the yield figures.  A conversion factor is then applied to the raw material figures to account for the byproduct volume used in production, reflecting the reality in the sector.  The species groups are sorted against fishmeal and fish oil use, in order to allow for differences in inclusion rates in the feeds of different groups (e.g. salmonids use more fish oil, shrimps use more fishmeal).

These data are presented below, alongside the figures calculated for 2000, and 2010.

         

We see in general that fed aquaculture species are showing a reduction in the FIFO calculation.  This, of course, is not unexpected as the inclusion rates for fishmeal and fish oil have been declining as more aquafeed volume is produced against a background of finite annual fishmeal and fish oil supply. The overall fed aquaculture figure shows a marked decrease to 0.22, essentially meaning that for every 0.22kg of whole wild fish used in fishmeal production, a kilo of farmed fish is produced. In other words, for every 1 kg of wild fish used 4.5 kg of farmed fish is produced. Of particular note is the figure for salmonids, which for 2015 is seen to be below 1.0, i.e. the salmonid feed industry supports the production of more farmed fish than it uses as feed fish, which appears to be the first time this has been recorded. 

There is one exception to the trend in the 2015 figures, where crustaceans (i.e. farmed shrimps) are similar to the 2010 figures. This may be readily explained by the impact of the disease problems in the sector, reducing yield and affecting FCRs, set against a fishmeal inclusion rate that has declined only slightly between 2010 and 2015 when viewed across the industry. 

On the whole this is a very positive message about the contribution that marine ingredients make to global protein production. The fishmeal industry supports the production of a significantly greater volume of protein for humanity than would be supplied merely through the direct consumption of the fish used as raw material in the production process.

Source & Photos IFFO


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