1. supporting the seafood industry for a sustainable, profitable future 2010 Trade summary Source: BTS and HM Revenue & Customs, Globefish R Watson

2. supporting the seafood industry for a sustainable, profitable future Top Line Figures In 2010 a total of 687,054 tonnes of seafood worth £2.23 billion was imported into the UK. Over the same period just over 512,400 tonnes of seafood worth £1.33 billion was exported from the UK. Volume (tonnes)% ChgValue (£m)% Chg 2009201020092010 Imports718,702687,054-4.42,1682,2343.1 Exports478,287512,4167.11,1601,32714.3

3. supporting the seafood industry for a sustainable, profitable future Top 20 Import Countries ** No traceability is implied as to the country of origin or geographic catch area of the seafood. The Stated country may be part of a complex distribution chain. **

4. supporting the seafood industry for a sustainable, profitable future Top Import Species

5. supporting the seafood industry for a sustainable, profitable future UK Imports by Origin 2010 Cod Value £m Vol ('000 tonnes) ICELAND12626 DENMARK4613 CHINA3914 GERMANY359 RUSSIA3311 Haddock Value £m Vol ('000 tonnes) ICELAND5517 NORWAY3314 CHINA218 RUSSIA124 FAROE115 Salmon Value £m Vol ('000 tonnes) FAROE6114 U.S.A.5011 NORWAY205 CANADA184 CHINA155 Tuna Value £m Vol ('000 tonnes) MAURITIUS6929 GHANA4519 SEYCHELLES4415 THAILAND3615 PHILIPPINES2514 WWP Value £m Vol ('000 tonnes) THAILAND9217 INDONESIA448 INDIA438 BANGLADESH376 VIETNAM276

6. supporting the seafood industry for a sustainable, profitable future Imports Overview Total imports value grew by 3.1% in 2010 Over the same period volume fell by 4.4% The countries the UK receives imports from, reflect our traditional tastes in seafood. –Cod, haddock and other white fish come from Iceland, Denmark, Norway and China –Warm water prawns from Thailand, India and Bangladesh –Tuna from Mauritius, Ghana and the Seychelles –Salmon from Faro, USA and Norway Products imported by sea are more likely to be frozen or in an ambient format and may have already been processed to some extent

7. supporting the seafood industry for a sustainable, profitable future Changes in the Import Markets German imports (-40%~2009) rallied with a 20% increase in value Imports from Thailand (warm water prawns) and Mauritius (tuna) saw strong growth of 19% and 24% respectively Imports from Russia grew strongly up 46% driven by cod and haddock In contrast, imports from France and Iceland continue their decline falling a further -23% and -11% respectively Imports of WWP, tuna, salmon and coley showed double digit growth Imports of haddock, pollock, plaice and Nephrops were in decline

8. supporting the seafood industry for a sustainable, profitable future Top 20 Export Countries ** 2009 Exports2010 Exports% Chg Trading partnerValue/£000sVolume/tonnesValue/£000sVolume/tonnesValueVolume France289,63181,850347,55886,921206 Spain144,96235,200155,39737,19176 USA101,14625,049147,21832,1134628 Ireland104,64228,824103,10725,816-10 Italy81,06316,01389,49716,499103 Germany71,89627,94472,91124,8771-11 Netherlands60,77084,27463,80083,8765-0 Russia52,26342,48954,26346,50649 Portugal38,55520,31938,58517,3210-15 Belgium39,1259,78134,7985,924-11-39 Poland11,8758,74926,55712,16512439 Denmark20,53510,07925,44612,48624 Nigeria13,62621,65723,28937,1767172 China20,68117,01620,94613,7661-19 South Korea10,7952,48011,9963,3671136 United Arab Emirates5,6121,5299,9357,69277403 Switzerland4,8986038,7281,0127868 Sweden4,4131,8188,6953,4799791 Hong Kong5,5601,0166,3071,00613 Canada5,8571,2855,5661,234-5-4 ** No traceability is implied as to the country of origin or geographic catch area of the seafood. The stated country may be part of a complex distribution chain.

9. supporting the seafood industry for a sustainable, profitable future Top Export Species

10. supporting the seafood industry for a sustainable, profitable future UK Export and Destination CodValue £m Vol ('000 tonnes) PORTUGAL2712 IRELAND133 GERMANY114 FRANCE103 SPAIN74 SalmonValue £m Vol ('000 tonnes) U.S.A.13530 FRANCE11726 IRELAND316 GERMANY183 POLAND184 MackerelValue £m Vol ('000 tonnes) RUSSIA4836 NETHERLANDS1018 FRANCE108 GERMANY86 DENMARK75 NephropsValue £m Vol ('000 tonnes) SPAIN376 FRANCE335 ITALY326 CHINA72 VIETNAM41 ScallopValue £m Vol ('000 tonnes) FRANCE517 ITALY174 SPAIN102 BELGIUM30 GERMANY20

11. supporting the seafood industry for a sustainable, profitable future Exports Overview The global downturn has affected the UK seafood export market in a variety of ways, although exports have continued double digit growth up 14.3% in 1010 The main export markets for the UK; France, Spain, USA and the Irish Republic remain unchanged. Accounting for over 50% of the seafood exported from the UK –UK salmon was the single largest export by value, destined for the USA to fill the vacuum created by the Chilean ISA crisis,. –High value shellfish like Nephrops, crab and scallops and exported to the French, Spanish and Italian markets –Pelagics were destined mainly for the Russian, Dutch and French markets

12. supporting the seafood industry for a sustainable, profitable future Changes in the UK Export Markets Exports to France are up 20% driven by sales of Scallop, Nephrops, Lobster and Coley Some recovery in exports to Spain (7%), as Spain struggles to climb out of severe recession Exports to the USA rise 46% with a high demand for salmon Although a relatively small market, demand for Herring and Tuna saw exports to Poland rise by 124% Nigeria and United Arab Emirates continue strong growth, with a volume increase of 72% and 403% respectively Salmon, scallop, herring and pollock show double digit growth Crab and plaice exports are in significant decline

13. supporting the seafood industry for a sustainable, profitable future Summary The global seafood markets are in flux, resulting in changes in traditional import/export dynamics. Emerging markets such as Russia, Brazil, Mexico, Middle East & West Africa, are beginning to displace EU, USA and Japan as the principal seafood markets. 2010 saw strong demand, and limited supply driving prices of the most popular UK consumed species; including salmon, WWP and tuna. The reliance on China as a processing hub may be shifting. With increasing processing costs and the ever increasing UK consumer appetite for warm water prawns 2010 saw imports from China, drop in ranking from 3 rd to 5 th replaced by Thailand and Germany UK exports continue double digit growth for the second consecutive year.

14. supporting the seafood industry for a sustainable, profitable future What Does 2011 hold? Changing global dynamics as ‘new’ markets (Russia, Brazil, Mexico, Middle East & West Africa, create new opportunities Salmon: Chilean ISA crisis settles, brisk demand and limited supply will keep prices high Groundfish: Sustainability, pushed to counter falling prices resulting from pressure from Tilapia and Pangasius Tuna: Reduced quota and increased canning costs to drive prices Prawns: High demands and low harvests continue to drive costs

15. supporting the seafood industry for a sustainable, profitable future Disclaimer: Although every care is taken in compiling this report, Seafish makes no representations as to the accuracy or completeness of any information and will not be liable for any errors or omissions in this information, nor for any losses, injuries, or damages from the display or use of this information.