Global Market Clause Samples

Global Market. ‌ The global fishery production for the eight categories implemented in AGMEMOD is projected to increase up 171.3 million tonne (11%) over the period 2011 to 2030 (see Table 4.6), stimulated by technology improvement and demand trends. However, the major increase is observed for aquaculture production, which is expected to grow by 27% in 2030. The share of aquaculture in total seafood production will slightly rise from 40% in 2011 to 45% in 2030. Capture fishery production will still represent more than half of the global seafood production by 2030. Nevertheless its share is expected to decline from 60% in 2011 to 55% in 2030, as result of its minimal growth projected by 1% in 2030. Within the European Member States the expansion of fish production is expected to be similar for aquaculture and capture fishery. Resulting from technical progress and innovation in fishery production, aquaculture and capture fishery are forecasted to increase with respectively 13% and 11% by 2030. On the other hand, the share of EU MS in global aquaculture production will slightly decrease from 2% in 2011 to 1.8% in 2030, while its share in global capture production will grow from 5.6% in 2011 to 6.2% in 2030 due to the stock recovery of certain fish categories, mainly demersal marine fish and freshwater fish. It should be noted that although biomass stock is not yet integrated within the model, stock recovery expectations is implicitly considered in the baseline projection. In AGMEMOD, this expectation of stock recovery influences the capture production through a reduction of the fishing effort and lower operational costs.