1 -141119 - greenland icwpf2014 · intro. rg sales of cwp in 2013-14 3 6% asia 1% other 13% russia...

Greenland@ ICWPF 2014, Paris

RG sales of CWP in 2013-14

3

6%

Asia

1%

Other

13%

Russia

Scand.

36%

24%CentralEurope

15%

UK

7%

Japan

4%

Asia

0%

Other

7%

Russia

Scand.33%

26%

CentralEurope

19%UK

11%

Japan

Volume Net turn

Overall Europe is Royal Greenland’s largest market in terms of volume, turnover and profitAsia’s importance to Royal Greenland is growing year by yearOur new strategy has a clear focus on the North Atlantic species

CWP is for the coming years expected to decline in volume, but maintain turnover level

RG Prawn Production Entities

Trawler division (Nuuk, Greenland) Ownership in a number of trawlers and smaller fishing boats as well as numerous partnerships

Landbased production (Greenland)- Ilullisat - Inshore- Sisimiut – Off- and Inshore

- Both factories are peeling at approximately half of the maximum capacity

Repack (Denmark)- Aalborg (frozen, brine), Glyngøre (license prod. MAP)

RG Fleet

Production capacity: 110 tons/day

Catch capacity: 7-10,000 tons/year

Hold capacity: 450-750 tons

Type: Ocean-going prawn trawler



Hold capacity: 450-750 tons




Hold capacity: 600 tons


Totally Royal Greenland operates 14 vessels:

• 4 large vessels are dedicated to catching cold water prawns

The trawler division catches 40.000 tons of sea food annually

Prawns and halibut account for 80% of total catch. The rest consists predominantly of cod, redfish and cat fish.

320 people are employed in the fishing activities


Catch capacity: 6,000 tons/year

Hold capacity: 130 tons

Type: Inshore prawn trawler

AreasOur main fishing areas for Pandalus Borealis:

Fishery active in early 00’s

Over the recent years, prawns have migrated further North.Including Inshore fishery.

Recent trial fishery has given limited volumes as far North as the Melville Bay

The Greenlandic Prawn Stock

Catch & TAC DataEast Greenland Prawn Volume – 1978 to 2013

(2014 catches until July)

Source: Greenland Nature Institute: Report Advice September 2014 for 2015

Comments - Since 2003, catch and TAC has been reduced, but from a low level.

Biomass DataEast Greenland Biomass Survey – 2008 to 2014


Comments - The biomass survey reveals no further changes to the stock.

Catch & TAC DataWest Greenland Prawn Volume – 1970 to 2014


Comments • The prawn stock is continuing to spawn North, expectedly correlating with the increase of

the cod biomass in the Southern areas.

Biomass DataWest Greenland Biomass Survey - 1988 to 2014

InshoreOffshore

Comments The survey index of total biomass remained fairly stable from 1988 to 1997 It then increased by, on average, 19%/yr until 2003, when it reached 316% of the 1997 value. Subsequent values were consecutively lower, by 2008–2009 less than half the 2003 maximum (Fig. 3.4); this decline has been continued in subsequent years, reaching in 2014 the second lowest level in the last 20 years.


Catch & TAC DataWest Greenland Total Prawn Volume – 1970 to 2014


*Biological advisory 2015” Sept. 2014

The Greenlandic Prawn Stock- Conclusions

- East Greenland Biomass Survey projects only minor changes versus last year. The advisory is to keep TAC unchanged at 2000t for 2015

- West Greenland the Biomass Survey has resulted in an advisory to reduce the TAC from 85.000t to 60.000t.

• Future development of the Borealis stock dependent on evolution of stock of cod.• The Borealis stock has a low proportion of males, and recruitment to both the

fishable and the spawning stocks in the short term are expected to remain low. • Reduction in Offshore stock is especially worrying.

Sum Up

Future

� Capacity

• With current and expected TAC levels, there will be an overcapacity for both fishery and landbased processing. There are today 4 prawn processing plants on the West coast…

�� Supply will go down

• Lowering the supply due to further TAC reductions• Low stock positions in the supply chain

� Demand will be reduced

• WWP is recovering from Early Mortality Syndrome (EMS) • The consumers are expected to reduce consumption due to high shop price• In-store assortments are likely to be reduced to 1 or 2 SKUs instead of 3• Bag sizes are likely to be reduced to small bag size• Will go from a everyday products to a more luxury/weekend product

� Prices?

• Supply & Demand will find it’s equilibrium• Our challenge will be to communicate the product benefits to ensure

continuous demand 11/21/2014Footer skrives her 16

C&P Price developmentApril 2010 to Sept/Oct 2014 – DDP, GBP/kg

21-11-2014Footer skrives her 17Source: Undercurrent news and projections

1 -141119 - greenland icwpf2014 · intro. rg sales of cwp in 2013-14 3 6% asia 1% other 13% russia...

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