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The Marine Ingredients Organisation, covering IFFO’s analysis on marine ingredient market trends from January to November 2020

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Tuesday, January 19, 2021, 00:00 (GMT + 9)

Improved availability of raw materials in November 2020, but cumulative production in 2020 remains in line with previous year’s

A taste of the many statistics and analyses that can be found in the market intelligence reports that IFFO dedicates to its members is reported below, covering IFFO’s analysis on marine ingredient market trends from January to November 2020. They include an analysis of both the supply and demand sides of the market, with research focusing also on the global trends of animal farming and fish catches, agri-commodities, commodities’ prices and general macro-economic conditions. A specific and additional focus is made on China given that China is by far the main market for marine ingredients.

Photo: courtesy IFFO

IFFO’s analysis on marine ingredient market trends: January-November 2020

In November 2020 the overall performance of the countries that IFFO has analysed was above the 2011- 2019 average for the same month. All regions, bar Chile, Denmark and Norway reported an improvement in terms of available raw material in November 2020 with respect to November 2019.

Total cumulative fishmeal production through November 2020 (including salmon-based meal) remained slightly down with respect to the previous year (-0,7%), with annual reductions in all regions bar Peru, Denmark / Norway and African countries.

The total cumulative fish oil production in the first 11 months of the year 2020 was in line with that reported during the same period in 2019, with the drops reported in Peru, the USA and India offset by improved outputs in all the other areas under consideration in our analysis. India’s landings have continued to rebound since the imposition of a covid-19-related lockdown, reporting year-on-year improvements in all months since then.

Photo: courtesy IFFO
 
China: Fishmeal imports seasonally dropped while consumption remains subdued; recovery of pig stock continues


In November, the average price of aquatic products dropped month on month, while the trading volume slightly climbed year on year. Shrimp imports are not expected to be as high as in 2019 though, following the reduced demand expressed by the covid19-stricken food service.

Pig farming continues to recover, with the domestic stock that could reach 90% of the pre-African Swine Fever levels already in 2021.


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