Some of the key findings are as follows:
- 80 per cent of all cod caught globally is consumed in Europe
- 50 per cent of all Alaskan Pollock caught globally is consumed in Europe
- 40 per cent of all Hake caught globally is consumed in Europe
- 50 per cent of global farmed Salmon and Trout is consumed in Europe
- 50 per cent of all Herring caught globally is consumed in Europe
- 45 per cent of all Mackerel caught globally is consumed in Europe
There has been an increasing trend in prices in all the pelagic markets. The total supply of pelagic species was generally down in 2011, even though the supply of mackerel from Iceland and the Faroe Islands is increasing.
Overall this is probably the main explanation for the observed rise in prices. Atlantic herring is up 60 per cent, while other products are up approximately 15 per cent.
