Meal, Fish

2013/2014

2014/2015

2015/2016

Market Begin Year

Jan 2014

Jan 2015

Jan 2016

European Union

USDA Official

New post

USDA Official

New post

USDA Official

New post

Catch For Reduction

1,620

0

1,620

0

0

0

Beginning Stocks

0

0

0

0

0

0

Production

450

450

450

455

0

460

MY Imports

380

370

380

350

0

350

MY Imp. from U.S.

2

0

2

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

830

820

830

805

0

810

MY Exports

224

224

230

230

0

235

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

606

596

600

575

0

575

Total Dom. Cons.

606

596

600

575

0

575

Ending Stocks

0

0

0

0

0

0

Total Distribution

830

820

830

805

0

810

1000 MT, PERCENT

The EU is dependent on fishmeal imports to fulfill domestic demand. In 2014, imports increased to 370,000 MT from 330,000 MT in 2013. Reasons for this significant increase are mainly the elevated exportable supplies in South America in combination with high soybean meal prices. With 151,000 MT of fishmeal imported from Peru, this country remained the main third country supplier. In 2015, EU imports and use of fishmeal are expected to decline due to lower production in South America and the increased availability of soybean meal. Germany and Denmark are the biggest markets for fishmeal in the EU. Together these countries account for about 85 percent of total EU imports. Denmark is also the main fishmeal producer in the EU, with an annual production generally fluctuating between 150,000 and 200,000 MT. In 2014, Danish production increased to about 170,000 MT from 140,000 MT in 2013. In 2015, Danish fishmeal production is forecast to remain at about the same level. EU exports are forecast to slightly rise as a result of the growing aquaculture sector in Norway and Asia.