Aquaculture- Opportunities for the 21st century

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Presentation made during an joint event organised by Singapore Institute of Engineering Technologists and Institution of Aquaculture Singapore at siet@scwo waterloo on 21/6/2014

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Aquaculture- Opportunities for the 21st century

  1. 1. AQUACULTURE OPPORTUNITY FOR THE 21ST CENTURY Jimmy Lim President Institution of Aquaculture Singapore
  2. 2. Peter Drucker, Management Guru & Economist, Nobel laureate “Aquaculture, not the Internet, represents the most promising investment opportunity of the 21st Century.” 6/22/2014IAS-SIET TALK
  3. 3. WHY AQUACULTURE • On the ocean – men are hunters and gatherers • 20 years ago all salmon and shrimps consumed were wild: Today 60%are farmed • The oceans are overfished and yield steadily decreasing returns • At the Global Ocean Summit April 2014, action plan on to navigate the oceans and fisheries management - set AQUACULTURE on a clearer route to resolve the depletion of fish stocks – Árni M. Mathiesen Assistant Director-General of the FAO • “…. The future of our food security hinge on how we treat the blue world” - FAO Director-General José Graziano da Silva 6/22/2014IAS-SIET TALK
  4. 4. 6/22/2014IAS-SIET TALK By 2011 29% marine fish stocks were overfished, 61% fully fished & 10% under fished
  5. 5. 6/22/2014IAS-SIET TALK
  6. 6. FACTS 6/22/2014IAS-SIET TALK World population will be 9 billion by 2030 By 2030 total seafood demand estimated to be over 200 million tons (over $1000 billion) As early 2015, Aquaculture is expected to surpass fisheries as main producer of fish By 2030 Aquaculture will supply 63% of the demand compared with 2012 at 42% China’s middle class is expected to reach 375 million by 2025 – greater than the current U.S. population – China is now net importer of seafood Global consumption is 19kg per capita/year (2012) – Singapore 22kg (2010)
  7. 7. 6/22/2014IAS-SIET TALK
  8. 8. FACTS 2 6/22/2014IAS-SIET TALK Fish now accounts for almost 17 percent of the global population’s intake of protein Fisheries and aquaculture support the livelihoods of 10–12 percent of the world’s population In 2012 provided jobs for some 60 million people engaged in capture fisheries and aquaculture. Of this 84 percent were employed in Asia In order to be sustainable, Aquaculture need to be less dependent on wild fish for feeds There is greater need to introduce diversity in farmed cultured species and good practices
  9. 9. Global Aquaculture Perspectives Total world production over 65 million tonnes in 2012 Total world value of aquaculture above $130 billion Asia-Pacific dominates aquaculture with 89.1% production. China share is 60% or more 11 of top 15 aquaculture producing countries are Asian Global aquaculture grew 60% between 2000 & 2008 50% of world food fish production is from aquaculture Global aquaculture growth rate is 8.3% 6/22/2014IAS-SIET TALK
  10. 10. 6/22/2014IAS-SIET TALK
  11. 11. 6/22/2014IAS-SIET TALK
  12. 12. 6/22/2014IAS-SIET TALK
  13. 13. Top Aquaculture Producers 6/22/2014IAS-SIET TALK
  14. 14. 6/22/2014IAS-SIET TALK http://www.fao.org/resources/infographics/infographics-details/en/c/231544/
  15. 15. SINGAPORE AQUACULTURE 2012 6/22/2014IAS-SIET TALK o 120 Coastal Farms & 9 Land based farms o Local production 5128 MT o 2 Fishery ports - Jurong and Senoko handling 68,000 MT o Fish consumption 82,140 MT. Imports 103,859 MT o Seafood consumption per capita is 22 kg (15 kg for fish only) o Population : 5.3 million (2012) o Target is to produce 15% of consumption annually (12,321tonnes) o Average price of fish is $10 per kg o Production of fish: Farm Gate at $7.00 could be viable ? o Vertical Farming in Land scarce Singapore?
  16. 16. Future of Aquaculture OPPORTUNITIES Expanding population Expanding Markets Buy local – Buy Fresh Biosecurity Products Safe Nutritious Healthy Sustainable 6/22/2014IAS-SIET TALK
  17. 17. Future of Aquaculture 6/22/2014 IAS-SIET TALK OBSTACLES Regulations Technology Capital Sources Global Competition Support for Aquaculture Public misunderstanding Wild vs Farm Raised Environmental Assault Government acknowledgement of importance
  18. 18. Tilapia ( O. Niloticus) 6/22/2014IAS-SIET TALK Known as Saint Peter’s fish ( Book of Matthew Book of Mathew (17:27) the fish which St. Peter caught was a tilapia. Most important farmed fish of the 21st century Farmed in almost 140 countries globally Second only to carp as a farmed food fish Exceed 3.5 million MT global production in 2012 China produces more than 50% of global production
  19. 19. 6/22/2014IAS-SIET TALK WHY TILAPIA Links https://www.facebook.com/hainantilapia www.hainantilapia.net www.fao.org http://globefish.org/tilapia-production.html https://www.facebook.com/groups/5438219757/ https://www.facebook.com/groups/299311993439214/ 正壹罗非鱼苗
  20. 20. 6/22/2014IAS-SIET TALK
  21. 21. THANK YOU FOR YOUR ATTENTION 6/22/2014IAS-SIET TALK

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