outlook of capelin and capelin roe situation · ++ 50,000mtfor capelin roe production, which may...

Copyright ©2018 Maruha Nichiro Corporation

Outlook of capelin and capelin roe situation2020/01/20

Copyright ©2018 Maruha Nichiro Corporation 2

IMPORT STATISTICS OF FROZEN CAPELIN

**Remarks1. All data are quoted from Ministry of Finance report in Japan2. This qtty is including qtty of final products processed at oversea such as China, Thailand,

Vietnam, Indonesia, and it is said that 50% of final products are processed at oversea and brought into Japanese market.

10.054 9.60111.868 12.459

5.124

5.747 6.382

6.602 6.997

5.574

1.301 2.097

2.019 1.863

2.189

17.102 18.080

20.489 21.319

12.887

0

5.000

10.000

15.000

20.000

25.000

2015 2016 2017 2018 2019

Iceland Norway Canada


**Remarks1. Recovery of final products from raw material is calculated 75% against raw material after drying process

11.730 11.201 13.846 14.536

5.978

6.705 7.4467.702 8.163

6.503

1.518 2.4472.356 2.174

2.554

19.952 21.093

23.904 24.872

15.035

0

5.000

10.000

15.000

20.000

25.000

30.000

2015 2016 2017 2018 2019

Iceland Norway Canada

ESTIMATED TOTAL QTTY OF RAW MATERIAL OF FROZEN CAPELIN CONSUMED PER YEAR

Year 2015-2018 Average 23,000MTYear 2019 15,000MTEstimate Year 2020 5,000MTCarry over inventory of raw material will be consumed by Jun 2020 if there is no raw material coming inAt least 10,000MT will be needed this season to keep capelin market in Japan


NUMBER OF EMPOYEE WORKING FOR PROCESSING FACTORY FOR FROZEN CAPELIN

Number of major producer of female capelin who mainly process dried capelin would be 20 including contracted factory at overseaEach factory employee approx. 50-250 staff depending on the size of the company.

×20

+

×150

＝3,000 people


NUMBER OF EMPOYEE WORKING FOR PROCESSING FACTORY FOR FROZEN CAPELIN

So, total workers involves this item would be 20 company ×150 staff ＝ 3,000 people.Which is equivalent to 1% population of your country.

1%

If there is no supply of frozen capelin this year, these people will suffer, in worst case, they will loose their jobs.


Japanese Supermarket


Japanese Convenience Store


IMPORT STATISTICS OF FROZEN CAPELIN ROE

**RemarksAll data are quoted from Ministry of Finance report in Japan

2.767

2.071

1.446 1.389

519

227

23

0 200

297

2.994

2.094

1.446 1.589

816

0

500

1.000

1.500

2.000

2.500

3.000

3.500

2015 2016 2017 2018 2019

Iceland Norway


EXPORT STATISTICS OF FROZEN CAPELIN ROE FROM ICELAND

2.718 1.801 1.392 2.328

1.0441.074

701737

1.4021.207

1.5971.586

1.193848 969

1.497

5.000

2.112 2.8082.122

3.428

3.823 2.0332.722

14.785

10.865 9.500

10.992

0

2.000

4.000

6.000

8.000

10.000

12.000

14.000

16.000

2015 2016 2017 2018

Japan USA&Canada China Korea Russia&East Europe Others

669

780

639137

1.921

2.420

2019

Almost all qtty of capelin roe exported to U.S.A & CANADA was gone to AZUMA FOOD INTERNATIONAL.INC.U.S.A and AZUMA FOOD CANADA.CO.LTD


Japan Topping for Japanese Delicacy

MAIN PRODUCTS

With herring and vegetable

With squid


Russia Imitation Caviar

MAIN PRODUCTS

All Over The World Sushi Topping


MAIN PRODUCTS

WHAT’S HAPPEN?


If there is no capelin roe available this season, customer will be forced to change their raw material from capelin roe to loose herring roe, which was already shifted some volume last season.

At least 5,000MT will be needed this season to keep capelin roe market all over the world.

Total qtty of loose herring roe from north sea herring produced at Denmark, Germany, Norway, Shetland, Scotland on Aug-Sep.2019 was approx. 5,000MT, which will be increased if there is no capelin roe available on 2020.In additions, some of the producers in Norway plan to produce loose herring roe from NVG herring on Feb-Mar.2020.


IMPORT STATISTICS OF ALL SEAFOOD FROM ICELAND

9.61036%

2.0718%

14.76856%

2016

11.86839%

1.4465%

16.72556%

2017

CAPELIN CAPELIN ROE OTHERS

12.45941%

1.3895%

16.50154%

2018

3.15926%

1.81215%

7.26059%

2016

4.04729%

1.1608%

8.79163%

2017

4.53530%

9587%

9.49963%

2018

TOTAL 26,449MT TOTAL 30,039MT TOTAL 30,349MT

TOTAL 12,231MYEN TOTAL 13,998MYEN TOTAL 14,992MYEN

1. QTTY

2. AMOUNT


CONCLUSION

1. We wish min 100,000MT of fishing quota for capelin will be given to Icelandic fisherman++ 50,000MT for frozen capelin production, which may give us 10,000MT of graded female capelin in production basis.(Recovery 20% from raw material)++ 50,000MT for capelin roe production, which may give us 5,000MT of capelin roe in production basis.(Recovery 10% from raw material)

2. Once final products is disappear from super market & convenience store & restaurant, It will take long time to regain its market even if good supply of capelin will resume near future, TO KEEP ITS MARKET THIS YEAR IS QUITE IMPORTANT.

outlook of capelin and capelin roe situation · ++ 50,000mtfor capelin roe production, which may...

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