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Analyses of Specialty Alaska Seafood Products

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Analyses of Specialty Alaska Seafood Products Analyses of Specialty Alaska Seafood Products Prepared for: Alaska Seafood Marketing Institute November 2017 Analyses of Specialty Alaska Seafood Products Prepared for: Alaska Seafood Marketing Institute Prepared by: McDowell Group Anchorage Office 1400 W. Benson Blvd., Suite 510 Anchorage, Alaska 99503 McDowell Group Juneau Office 9360 Glacier Highway, Suite 201 Juneau, Alaska 99801 Website: www.mcdowellgroup.net November 2017 Table of Contents Executive Summary ....................................................................................................................... 1 Introduction & Methodology ...................................................................................................... 5 Fish Heads ...................................................................................................................................... 6 Internal Organs ............................................................................................................................ 16 Fishmeal and Fish Oil .................................................................................................................. 19 Roe Products ................................................................................................................................ 34 Arrowtooth Flounder .................................................................................................................. 67 Skates ........................................................................................................................................... 87 Specialty Product Challenges and Opportunities .................................................................... 93 Appendix .................................................................................................................................... 100 List of Tables Table 1. Summary of Alaska Seafood Specialty Products and Selected Low-Value Species .......................................... 4 Table 2. Fish Head Production, 5 Year Average, 2011-2015 ....................................................................................................... 6 Table 3. Fish Head Seasonal Availability by Key Species .............................................................................................................. 8 Table 4. Potential Production of Fish Heads, in Million lbs., 2011-2015 ................................................................................ 8 Table 5. Fish Head Availability by Key Region .................................................................................................................................. 9 Table 6. First Wholesale Price Range of Frozen Alaska Fish Heads, FOB Alaska, 2011-2015 ....................................... 12 Table 7. Potential Value of Selling All Fish Heads from Selected Alaska Species ............................................................. 12 Table 8. Alaska Fishmeal and Oil Production, in Metric Tons, 2011-2016 ........................................................................... 20 Table 9. Estimated Amount of Round Weight Utilized by Fishmeal Production, 2015 .................................................. 20 Table 10. Value/MT of Alaska Pollock Fish Oil Used as Fuel Depending on Diesel Prices ............................................ 22 Table 11. Alaska Fishmeal and Oil First Wholesale Value, in $000s, 2011-2015 ............................................................... 23 Table 12. Alaska Fishmeal and Oil First Wholesale Value per Metric Ton, 2011-2015 ................................................... 23 Table 13. Alaska Fishmeal and Oil, Pct. of Production and Value, 2011-2015 ................................................................... 25 Table 14. Retail Products Containing Alaska Meal/Oil ................................................................................................................ 31 Table 15. Alaska Pollock Roe Production and Value, 2005-2016 ............................................................................................ 35 Table 16. Alaska Cod Roe Production and Value, 2011-2016 .................................................................................................. 35 Table 17. Alaska Herring Roe Production and Value, 2005-2016 ........................................................................................... 36 Table 18. Alaska Salmon Roe Production and Value, 2005-2016 ........................................................................................... 36 Table 19. Alaska Pink Salmon Roe Production and Value, 2005-2016 ................................................................................. 37 Table 20. Alaska Chum Salmon Roe Production and Value, 2005-2016 .............................................................................. 37 Table 21. Alaska Sockeye Salmon Roe Production and Value, 2005-2016 ......................................................................... 38 Table 22. World Production of Selected Roe-Bearing Species, in Metric Tons, 2010-2016 ......................................... 38 Table 23. Frozen Pollock Roe Imports by Japan and South Korea from U.S. and Russia, 2006-2016 ...................... 39 Table 24. Sales Volume, Value, and Average Prices at Japan’s Tsukiji Wholesale Fish Market, 2010-2016 ........... 43 Table 25. Estimated Wholesale Value of Alaska Roe Oil ............................................................................................................. 45 Table 26. Alaska Crab Harvests, in Million Lbs. and $Million, 2011-2015 ............................................................................ 51 Table 27. Total Allowable Catch in Selected Bering Sea Crab Fisheries, 2016/2017 ....................................................... 52 Table 28. Production of Alaska Crab Species, in Million Lbs. and $Million, 2011-2015 ................................................. 52 Table 29. Average Wholesale Value of Crab, by Species ............................................................................................................ 53 Table 30. Crab Shell Potential Volume and Value, 2011-2015 ................................................................................................. 55 Table 31. Global Supply of Chitin-Producing Species, in MT, 2011-2015 ........................................................................... 56 Table 32. King Crab Tail Volume and Potential Value, 2011-2015 ......................................................................................... 58 Table 33. Alaska Herring Harvest and Wholesale Production, 2011-2015 .......................................................................... 60 Table 34. 2015 Commercial Herring Seasons by Major Production Area ............................................................................ 62 Table 35. Pacific Herring Nutrition ...................................................................................................................................................... 62 Table 36. Potential Additional First Wholesale Value from Togiak Herring Fillets ........................................................... 64 Table 37. U.S. Herring Imports, in MT and $Millions, 2010-2014 ............................................................................................ 64 Table 38. World Herring Production, in MT, 2010-2014 ............................................................................................................. 66 Table 39. BSAI and GOA Arrowtooth Flounder TAC and Biomass, 2006-2016 .................................................................. 67 Table 40. Gulf of Alaska Arrowtooth Flounder TAC and Biomass, 2006-2016 ................................................................... 68 Table 41. BSAI Arrowtooth Flounder TAC and Biomass, 2006-2016...................................................................................... 68 Table 42. Alaska and U.S. Arrowtooth Flounder Harvest, in Metric Tons, 2011-2015..................................................... 69 Table 43. Alaska Arrowtooth Flounder Production Volume and First Wholesale Value, 2011-2015 ........................ 69 Table 44. Arrowtooth Flounder Yield Rates ..................................................................................................................................... 71 Table 45. Top Export Destinations of Alaska Flounder, in Metric Tons, 2011-2015 ........................................................ 72 Table 46. Global Production of Arrowtooth Flounder, in Metric Tons, 2010-2014 .......................................................... 73 Table 47. Comparison of Arrowtooth Flounder and Pacific Halibut Biomass, 1996-2016 ............................................ 74 Table 48. Potential First Wholesale Value from Increasing Arrowtooth Flounder Harvests ......................................... 77 Table 49. Alaska Dogfish Harvest, in Metric Tons, 2011-2015 ................................................................................................. 81 Table 50. Global Production of Dogfish, in Metric Tons, 2010-2014 ..................................................................................... 83 Table 51. Exports of U.S. Dogfish by Region, in Metric Tons, 2011-2015 ............................................................................ 84 Table 52. Potential Dogfish Value .......................................................................................................................................................
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