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Atlantic Cod (Gadus Morhua)

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Atlantic Cod (Gadus Morhua) European market observatory for fisheries and aquaculture products SPECIES PROFILE: ATLANTIC COD ATLANTIC COD (GADUS MORHUA) BIOLOGY AND HABITAT • Species description (Read more) The Atlantic cod belongs to the family of Gadidae. • Geographical distribution and habitat (Read more) In the Western Atlantic Ocean, the Atlantic cod has a distribution from north of Cape Hatteras, North Carolina, and around both coasts of Greenland and the Labrador Sea; in the Eastern Atlantic, it is found from the Bay of Biscay north to the Arctic Ocean, including the Baltic Sea, the North Sea, Sea of the Hebrides, areas around Iceland and the Barents Sea. RESOURCE, EXPLOITATION AND MANAGEMENT • Stocks and resource status/conservation measures (Read more) Minimum conservation size is established at 30 cm of total length in the fishing area Skagerrak and Kattegat, 35 cm in the Bay of Biscay area and 38 cm in the Baltic Sea. • Production methods and fishing gears (Read more) The main fishing gears used are bottom trawls, longlines, gillnets and hand lines. Cod is also produced in aquaculture in net-cages. Source : Information system on commercial designations European market observatory for fisheries and aquaculture products SPECIES PROFILE Atlantic cod CATCHES • The share of Atlantic cod in the world catches is 1,2% (FAO, 2018). • Catches have increased between 2009 and 2018 at both global and EU levels (respectively by +40% and +9%). Evolution of world catches Others Greenland Iceland Russian Federation Norway 188 194 202 198 190 27 31 Catches (2018, 1.000 tonnes) 56 50 180 50 Norway 196 236 238 45 19 193 21 244 264 250 4544 200 20 275 Russian 205 Federation 185 18 182 117 374 17 436 439 Iceland 179 386 399 401 189 345 1.000 1.000 tonnes 316 335 EU-28 273 275 234 Greenland 471 473 422 413 417 340 358 374 345 244 283 Faroe Islands 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: FAO Evolution of EU catches • In 2018, the EU provided 10% of the global Atlantic cod catches (vs. 13% in 2009). Others Spain Germany Denmark United Kingdom Catches (2018, 1.000 tonnes) 63 56 54 60 60 54 54 47 United Kingdom 51 38 7 Denmark 8 14 13 21 19 16 15 35 Germany 12 15 18 14 11 19 19 15 16 14 9 Spain 19 16 15 15 1.000 1.000 tonnes 23 19 12 Others 27 29 20 22 26 15 24 27 Poland 15 39 14 31 33 35 France 23 26 23 26 29 29 15 Portugal 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: FAO European market observatory for fisheries and aquaculture products SPECIES PROFILE Atlantic cod AQUACULTURE PRODUCTION • Since 2013, the leader of Atlantic cod production (Norway) decreased its production, reaching less than 500 tonnes in 2018 (495 tonnes). • EU aquaculture of Atlantic cod has stopped since 2009, as the UK, the only producer, stopped producing. Evolution of word catches, tonnes Countries 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Norway 20.924 21.240 15.273 10.033 3.770 1.386 5 450 492 495 Iceland 1.805 1.317 877 893 482 310 74 59 29 29 Total 22.729 22.558 16.150 10.926 4.252 1.696 79 509 521 524 Source: FAO Drop of cod production in Norway In Norway, cod production, which peaked at 21.240 tonnes in 2010, dropped steadily to 5 tonnes in 2015, before slightly rebounding to 495 tonnes in 2018. The initial optimism for cod farming was based on the trust that the major production challenges were solved and that low quotas and corresponding high prices for wild cod would prevail. But none of these assumptions proved to be true. Because of these issues, the cod farming industry did not have the strength to resist when the financial crises appeared in 2008, together with lower cod prices due to higher quotas for wild cod (source: NOFIMA). European market observatory for fisheries and aquaculture products SPECIES PROFILE Atlantic cod PROCESSING • Atlantic cod is the main groundfish used by the EU processing industry to produce fish fillets in batter and fish fingers, dried and salted cod and prepared meals, fresh or frozen. • The main processing activity for dried and salted cod is concentrated outside the EU (in Norway), almost exclusively for export purposes to the Portuguese, Spanish and Greek markets (source: EUROSTAT/PRODCOM). ) European market observatory for fisheries and aquaculture products SPECIES PROFILE Atlantic cod TRADE • Combined nomenclature (Read more) EU trade of Cod products (tonnes - 2019) CN code Product EU imports EU exports 03 02 51 10 Cod of the species Gadus morhua, excluding livers and roes, fresh or chilled 60.252 1.759 03 03 63 10 Cod of the species Gadus morhua, excluding livers and roes, frozen 123.000 41.514 03 04 44 10* Cod (Gadus morhua, Gadus ogac, Gadus macrocephalus) and fish of the species 26.007 491 Boreogadus saida, fillets, fresh or chilled 03 04 71 90* Cod (Gadus morhua, Gadus ogac), fillets, frozen 151.129 6.274 03 04 95 25 Cod of the species Gadus morhua, other meat (whether or not minced), frozen 8.806 1.621 03 05 32 19* Cod(Gadus morhua, Gadusogac) and fish of the species Boreogadussaida, fillets, 15.105 73 dried, salted or in brine, but not smoked 03 05 51 10* Cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), other than edible fish 2.963 132 offal, dried, unsalted 03 05 51 90* Cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), other than edible fish 29.099 3.219 offal, dried, salted 03 05 62 00* Cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), other than edible fish 43.518 266 offal, salted but not dried or smoked and in brine 16 04 19 92* Cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), whole or in pieces, but 210 2.667 not minced, prepared or preserved 03 02 51 90* 03025190 Fresh or chilled cod "Gadus ogac, Gadus macrocephalus" 535 301 03 02 59 10* 03025910 Fresh or chilled fish of the species Boreogadus saida 35 1 03 03 63 30* 03036330 Frozen cod "Gadus ogac" 1 14 03 03 63 90* 03036390 Frozen cod "Gadus macrocephalus" 18.080 227 03 03 69 10* 03036910 Frozen fish of the species Boreogadus saida - 11 03 04 71 10* 03047110 Frozen fillets of cod "Gadus macrocephalus" 16.648 292 03 04 95 21* 03049521 Frozen meat, whether or not minced, of cod "Gadus macrocephalus" 511 685 (excl. fillets and surimi) 03 04 95 29* 03049529 Frozen meat, whether or not minced, of cod "Gadus ogac" and of fish - 96 of the species Boreogadus saida (excl. fillets and surimi) 03 05 32 11* 03053211 Fillets, dried, salted or in brine, but not smoked, of cod "Gadus 330 31 macrocephalus" 03 05 53 10* 03055310 Dried polar cod "Boreogadus saida", even salted but not smoked (excl. 8 22 fillets and offal) * These products include other cod species than Gadus morhua. Source: EUROSTAT-COMEXT European market observatory for fisheries and aquaculture products SPECIES PROFILE Atlantic cod TRADE • Combined nomenclature (Read more) EU trade of Cod products (tonnes - 2019) • Main extra-EU suppliers are: - for fresh whole products: Norway (46.170 tonnes) and Iceland (10.210 tonnes), - for frozen whole products: Russia (60.040 tonnes), Norway (47.375 tonnes) and Greenland (15.587 tonnes), - for frozen fillets: China (71.473 tonnes), Iceland (38.185 tonnes) and Russia (33.038 tonnes). • Main extra-EU destinations are: In 2019, 85% of exports concerned frozen cod, whole and in fillets. The main extra-EU destination was China (34.613 tonnes). Source: EUROSTAT-COMEXT European market observatory for fisheries and aquaculture products SPECIES PROFILE Atlantic cod Supply balance EU supply balance (20181) – Tonnes of live weight equivalent2 - Cod: Production data concern the Atlantic cod while trade data include other species of cod. Import 1.108.159 tonnes Production 116.693 tonnes Supply Export 1.224.852 tonnes 96.472 tonnes Apparent consumption 1 .28.380 tonnes Source: FAO/ EUROSTAT-COMEXT 1 Supply balance is provided for the year 2018 (trade data for 2018 were taken into account). Detailed trade data provided in the slide 5 concern the year 2019. 2 The conversion factors were used to convert net weight of imports and exports of fishery and aquaculture products into live weight equivalents. European market observatory for fisheries and aquaculture products SPECIES PROFILE Atlantic cod PRICES ALONG THE SUPPLY CHAIN (EUR/kg) First-sale (fresh whole/gutted) First-sale prices are provided for the three main EU producers (the UK, Denmark, and Spain). 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source UK 2,28 2,39 2,42 2,31 2,45 2,63 2,53 2,66 2,68 3,19 EUMOFA Denmark 2,27 2,43 2,31 2,49 2,45 2,5 2,75 3,19 3,32 3,68 EUMOFA Spain n.a. n.a. n.a. n.a. n.a. 2,7 2,89 3,32 3,74 3,75 EUMOFA Wholesale Wholesale prices are reported for Mercamadrid, major wholesale market in the EU. Most frequent price 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source Cod filet, fresh n.a. 9,41 9,11 9,07 10,2 9,72 9,84 9,27 9,05 9,28 Mercamadrid Cod, frozen n.a. 5,11 5,11 5,11 5,11 5,38 5,5 5,5 5,5 5,97 Mercamadrid Retail/consumption Retail prices refer to the UK, Denmark and France, which are among the major EU consumers of cod in the EU.
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