""

Required Report - public distribution

**Date:** 11/21/2003

**GAIN Report Number:** JA3069

JA3069

**Japan**

**Fishery Products**

**Annual**

**2003**

**Approved by:**

![](media/image1.wmf)Richard Battaglia

#### U.S. Embassy

**Prepared by:**

Kakuyu Obara

**Report Highlights:**

Japan's Salmon consumption is expected to drop by 7% to 455,000 MT in
2003, while imports are expected to fall by 17% to 225,000 MT. The U.S.
import share is expected to remain unchanged at about 12%. Another large
domestic catch is expected in 2003, further pressuring the market.
Japan's salmon exports are expected to jump by 30% in 2003. Japan's
salmon roe and egg consumption is expected to ease in 2003, while
domestic production will likely increase slightly, leading to a 10% drop
in imports. The U.S. import share of roes and eggs is expected to remain
at about 80%. Surimi demand will remain weak in 2003, and imports are
expected to drop by about 5%. Consumption of Pollack and cod roes is
expected to rebound in 2003, helping to boost imports by 5%.

Includes PSD Changes: Yes

Includes Trade Matrix: Yes

Annual Report

Tokyo \[JA1\]

\[JA\]

Table of Contents

[**Salmon and (Trout) Section 3**](#salmon-and-trout-section)

[2004 Market Outlook Summary 3](#market-outlook-summary)

[2003 Market Situation and Update 3](#market-situation-and-update)

[2003 Consumption Remains Weak 3](#consumption-remains-weak)

[Interest in Wild and Natural Bristol Bay Salmon May be Limited by Fat
Content
3](#interest-in-wild-and-natural-bristol-bay-salmon-may-be-limited-by-fat-content)

[Japan's Salmon Imports Forecast to Drop in 2003
3](#japans-salmon-imports-forecast-to-drop-in-2003)

[Another Large Domestic Catch Expected in 2003
4](#another-large-domestic-catch-expected-in-2003)

[Japan's 2003 Salmon Exports Boosted by Abundant Domestic Catches
4](#japans-2003-salmon-exports-boosted-by-abundant-domestic-catches)

[Salmon and Trout Roe (Sujiko) and Eggs (Ikura) Section
6](#salmon-and-trout-roe-sujiko-and-eggs-ikura-section)

[2004 Market Outlook Summary 6](#market-outlook-summary-1)

[2003 Market Situation and Update 6](#market-situation-and-update-1)

[Total Roe and Egg Consumption Forecasts to Fall in 2003
6](#total-roe-and-egg-consumption-forecasts-to-fall-in-2003)

[Japanese Production of Roe and Egg Forecast to Increase in 2003
6](#japanese-production-of-roe-and-egg-forecast-to-increase-in-2003)

[Japan's Roe and Egg Imports Expected to Fall in 2003
6](#japans-roe-and-egg-imports-expected-to-fall-in-2003)

[Surimi Section 8](#surimi-section)

[2004 Market Outlook 8](#market-outlook)

[2003 Market Situation and Update 8](#market-situation-and-update-2)

[Poor Outlook for Japan's Surimi Market in 2003
8](#poor-outlook-for-japans-surimi-market-in-2003)

[Surimi Imports Expected to Drop in 2003 Due to the Depressed Market
8](#surimi-imports-expected-to-drop-in-2003-due-to-the-depressed-market)

[Japan's Surimi Production Expected to Increases in 2003
8](#japans-surimi-production-expected-to-increases-in-2003)

[Pollock/Cod Roe Section 9](#pollockcod-roe-section)

[2004 Market Outlook 9](#market-outlook-1)

[2003 Market Situation and Update 10](#market-situation-and-update-3)

[Japan's Roe Consumption Recovers in 2003, Aided by Lower Market Prices
10](#japans-roe-consumption-recovers-in-2003-aided-by-lower-market-prices)

[Mislabeling Scandal May Slow Consumption Recovery
10](#mislabeling-scandal-may-slow-consumption-recovery)

[Imports Expected to Rebound in 2003
10](#imports-expected-to-rebound-in-2003)

[Domestic Production Will Remain Relatively Unchanged in 2003
10](#domestic-production-will-remain-relatively-unchanged-in-2003)

[Japanese Salmon and Trout PS&D Table
12](#japanese-salmon-and-trout-psd-table)

[Japanese Salmon and Trout Eggs/Roes PS&D Table
13](#japanese-salmon-and-trout-eggsroes-psd-table)

[Japanese Surimi PS&D Table 14](#japanese-surimi-psd-table)

[Japanese Cod and Pollock PS&D Table
15](#japanese-cod-and-pollock-psd-table)

# Salmon and (Trout) Section

## 2004 Market Outlook Summary

Demand for salmon is expected to remain soft in 2004, with a slight drop
in consumption. Salmon imports are also forecast to decline in 2004,
with reduced shipments of farm-raised salmon from Chile and Norway. It
will be difficult for U.S. wild salmon to recapture market share in 2004
due to weak demand. Imports of further processed salmon (U.S.,
Norwegian, and Chilean origin) from China and other Asian suppliers will
continue to grow in 2004.

Japan's domestic salmon catch has been relatively large over the past
several years. Post assumes that the 2004 catch will be about 255,000
MT, which is the average for the past three years. Increasing preference
for quality (higher fat content), and concerns about food safety, will
continue to drive suppliers to adopt safety and quality assurance
measures such as HACCP, along with traceability for branded products.

## 2003 Market Situation and Update

Summary: Relatively weak consumption in 2003 has resulted in surplus
supplies of salmon in the Japanese market. Import demand has remained
soft, and is unlikely to strengthen given another abundant fall season
domestic catch. Low-priced domestic wild salmon is being marketed in
large quantities in competition with other fall season fish, such as
*saury*, which is being sold at extremely low prices. The surplus
situation will likely boost exports of Japanese salmon to China and
Thailand for processing and re-export.

## 

## 2003 Consumption Remains Weak

Japan's Salmon and trout consumption in 2003 is projected to fall by 7%
from the previous year to 455,000 MT. Strong demand related to the
detection of BSE in Japan in 2001, which helped to absorb large supplies
in previous years, has disappeared in 2003. Consumption of fresh and
frozen salmon at the retail level is particularly stagnant, impacting
sales of imported farm-raised salmon. A glut of low-priced saury is also
expected to cut into sales of salmon this fall.

With another abundant fall catch, Hokkaido, the primary salmon-producing
region in Japan, has launched a major regional brand campaign to promote
the "wild and safe" characteristics of its salmon. This effort is a
response to Japanese consumer concerns over food safety, including the
use of chemicals and drugs to produce farm-raised salmon. Japanese
retailers are also addressing consumer concerns by expanding private
brand products with quality and safety assurances.

## Interest in Wild and Natural Bristol Bay Salmon May be Limited by Fat Content

According to fishery experts, demand for wild salmon from Bristol Bay,
which has a relatively low fat content, is limited in part because
Japanese consumers prefer farm-raised salmon, which has a higher fat
content. Bristol Bay salmon generally competes with domestic fall
salmon, which also has a relatively low fat content. Trade sources
report that Alaskan salmon caught outside the Bay ("local salmon"),
which has a relatively higher fat content, continues to attract Japanese
buyers seeking high quality wild salmon.

## 

## Japan's Salmon Imports Forecast to Drop in 2003

Based on January -- August trade data, Japan's 2003 salmon imports are
projected to fall by 17% to 225,000 MT. Imports during the first eight
months of 2003 dropped by 22% to 148,308 MT, compared to the same time
last year, with significant reductions of farm-raised salmon from Chile
and Norway.

Customs entries of Chilean Coho (frozen) in 2003 are lower than last
year. Industry sources report that Chilean producers have implemented
voluntary production cuts this year, after experiencing over production
and low prices in 2002. Imports from Chile during the remainder of the
year could be impacted by strict residue testing by the Japanese
Government following the detection of oxytetracycline (OTC) in Chilean
salmon this summer. Japanese retailers are particularly sensitive to
food safety matters and the need to assure their customers about the
safety of their products.

Demand for fresh, farm-raised Atlantic salmon from Norway, which is used
in Japanese hotels and restaurants, has been slumping, reportedly due to
the prolonged economic recession. Trade sources report that changes in
Norway's salmon industry are also contributing to lower shipments.

Japan's weak market situation and increased domestic catches, will
hinder imports of Alaskan salmon this year. Post projects that the U.S.
import share will remain unchanged at about 12% in 2003 at 27,000 MT.

## Another Large Domestic Catch Expected in 2003

Post projects that Japan's 2003 domestic catch will exceed the level
reached last year, which was 258,000 MT. According to industry sources,
the cumulative catch is 28% larger than last year so far in 2003 (38.7
million fish as of October). However, the value of the 2003 catch is
substantially lower than last year due to competition from abundant
supplies of lower-priced domestic saury.

## Japan's 2003 Salmon Exports Boosted by Abundant Domestic Catches

Japan's salmon exports to Asian markets, namely China and Thailand, have
nearly doubled during the first eight months of 2003. Total exports are
projected to exceed last year's level by over 30%.

**Japanese Salmon and Trout Imports**

**January -- December 2000 -- 2002**

**Unit: Metric Ton**

> **% Change**

  ---------- ----------------- ------------- ------------- ------------- -----------
  **Rank**   **Country**       **2000**      **2001**      **2002**      **02/01**

  **0**      **\--World\--**   **232,215**   **276,481**   **270,158**   **-2%**

  1          Chile             99,504        139,530       123,072       -12%

  2          Norway            54,431        62,867        62,805        0%

  3          Russia            26,391        26,899        31,921        19%

  4          United States     40,364        32,690        31,702        -3%

  5          Canada            5,116         6,072         7,655         26%

  6          New Zealand       1,656         2,755         4,959         80%

  7          Denmark           1,427         2,268         4,004         77%

  8          Others            3,326         3,399         4,040         19%
  ---------- ----------------- ------------- ------------- ------------- -----------

**HS (030310), 030311, 030319, 030321, 030322, 030329, 030212, 030211,
and 030219**

Note: HS Code 030310 is valid until 2000. HS 030311 and 030319 are new
additions from 2002.

  -----------------------------------------------------------------------
  Source of Data: Japan Customs (World Trade Atlas)

  -----------------------------------------------------------------------

**Japanese Salmon and Trout Imports**

**January - August 2001 -- 2003**

**Unit: Metric Ton**

> **% Change**

  ---------- ----------------- ------------- ------------- ------------- -----------
  **Rank**   **Country**       **2001**      **2002**      **2003**      **03/02**

  **0**      **\--World\--**   **192,894**   **189,715**   **148,308**   **-22%**

  1          Chile             104,840       99,116        76,462        -23%

  2          Norway            43,195        39,306        31,726        -19%

  3          United States     19,745        24,812        14,705        -41%

  4          Russia            15,517        14,586        12,718        -13%

  5          Denmark           1,877         2,483         4,782         93%

  6          Canada            3,899         4,013         2,391         -40%

  7          New Zealand       1,750         3,225         2,221         -31%

  8          Others            2,071         2,175         3,303         52%
  ---------- ----------------- ------------- ------------- ------------- -----------

Source of Data: Japan Customs (World Trade Atlas)

**Japanese Salmon and Trout Exports**

**January - December 2000 -- 2002**

**Unit: Metric Ton**

> **% Change**

  ---------- ----------------- ----------- ------------ ------------ -----------
  **Rank**   **Country**       **2000**    **2001**     **2002**     **02/01**

  **0**      **\--World\--**   **5,135**   **29,366**   **34,108**   **16%**

  1          China             3,131       23,428       23,904       2%

  2          Thailand          487         1,405        3,865        175%

  3          Taiwan            324         1,156        3,480        201%

  4          Russia            577         2,408        1,759        -27%

  5          Korea, South      238         492          814          66%

  6          Vietnam           48          240          124          -48%

  7          Others            330         237          161          -32%
  ---------- ----------------- ----------- ------------ ------------ -----------

Source of Data: Japan Customs (World Trade Atlas)

**Japanese Salmon and Trout Exports**

**January - August 2001 -- 2003**

**Unit: Metric Ton**

> **% Change**

  ---------- ----------------- ----------- ----------- ------------ -----------
  **Rank**   **Country**       **2001**    **2002**    **2003**     **03/02**

  **0**      **\--World\--**   **3,526**   **5,065**   **10,476**   **107%**

  1          China             2,841       2,987       8,487        184%

  2          Thailand          173         1,035       1,179        14%

  3          Korea, South      150         26          449          1642%

  4          Russia            119         44          162          267%

  5          Taiwan            111         839         123          -85%

  6          Georgia           0           0           48           #DIV/0!

  7          Others            131         135         28           -79%
  ---------- ----------------- ----------- ----------- ------------ -----------

Source of Data: Japan Customs (World Trade Atlas)

# Salmon and Trout Roe (Sujiko) and Eggs (Ikura) Section

## 2004 Market Outlook Summary

Fishery experts predict that market preferences for salmon and trout
eggs marinated with soy sauce in the food service and the prepared food
sectors will continue to grow in 2004. Increased domestic production of
salmon and trout roe in 2003 along with substantial carry over stocks
will pressure market prices through the fall season. Low market prices
are expected to slightly increase consumption in 2004. Demand for high
quality U.S. roe and eggs will likely remain stable, along with total
imports.

## 2003 Market Situation and Update

An abundant fall season salmon catch will increase domestic production
of roe and eggs in 2003. Imports are expected to fall due to increased
domestic production and low market prices.

## Total Roe and Egg Consumption Forecasts to Fall in 2003

Market sources report that demand for salted roe during 2003 has been
weak which, coupled with carryover inventories from last year, has
driven down prices considerably for all product grades, reportedly down
20-25% per kilogram. Demand for roe and eggs marinated with soy sauce
has reportedly remained relatively solid, particularly in the Japanese
food service and prepared food markets.

## Japanese Production of Roe and Egg Forecast to Increase in 2003

Domestic production of roe and eggs is forecast to rise slightly to
about 6,250 MT in 2003, due to a large expected domestic catch. (Note:
Egg and roe production estimate based on the forecast ocean and river
catches of 5%/2 of the total tonnage). Production of domestic roe and
eggs marinated with soy sauce is expected to increase in response to
strong demand.

## Japan's Roe and Egg Imports Expected to Fall in 2003

Total imports of roe and eggs in 2003 are forecast to fall by 10% to
about 9,000 MT, due to carryover inventory from last year, low market
prices, and increased domestic production. The U.S. share is expected to
remain at about 80% (7,000 MT), with larger imports of roe offsetting
smaller imports of eggs. Despite increased production of frozen Russian
roe (from pink salmon), imports from Russia are expected to remain low.
China, however, has boosted exports of processed (re-exported) eggs to
Japan during 2003.

**Japanese Imports of Sujiko (Hard Roe)**

**January - December 2000 -- 2002**

**Unit: Metric Ton**

> **% Change**

  ---------- ----------------- ------------- ------------- ------------- -------------
  **Rank**   **Country**       **2000**      **2001**      **2002**      **02/01**

  **0**      **\--World\--**   **4,662**     **4,410**     **4,628**     **5%**

  1          United States     3,451         3,104         3,126         1%

  2          Denmark           596           665           675           2%

  3          Finland           295           312           436           40%

  4          Canada            131           150           161           7%

  5          Russia            64            98            104           6%

  6          Others            123           81            126           56%
  ---------- ----------------- ------------- ------------- ------------- -------------

**HS 030520030**

Source of Data: Japan Customs (World Trade Atlas)

**Japan Imports of Sujiko (Hard Roe)**

**January - August 2001 -- 2003**

**Unit: Metric Ton**

> **% Change**

  ---------- ----------------- ------------- ------------- ------------- -------------
  **Rank**   **Country**       **2001**      **2002**      **2003**      **03/02**

  **0**      **\--World\--**   **2,596**     **2,637**     **2,733**     **4%**

  1          United States     1,679         1,474         1,939         32%

  2          Denmark           492           607           554           -9%

  3          Finland           293           407           167           -59%

  4          Others            133           149           72            -51%
  ---------- ----------------- ------------- ------------- ------------- -------------

**HS 30520030**

Source of Data: Japan Customs (World Trade Atlas)

**Japanese Imports of Ikura (Prepared Egg)**

**January - December 2000 -- 2002**

**Unit: Metric Ton**

> **% Change**

  ---------- ------------- ------------- ------------- ------------- -------------
  **Rank**   **Country**   **2000**      **2001**      **2002**      **02/01**

  0          \--World\--   5,015         3,994         5,132         29%

  1          United States 4,370         3,280         4,003         22%

  2          Canada        454           325           637           96%

  3          China         13            124           251           103%

  4          Russia        161           194           223           15%

  5          Finland       11            21            13            -39%

  6          Others        7             50            5             -90%
  ---------- ------------- ------------- ------------- ------------- -------------

**HS 160430010**

Source of Data: Japan Customs (World Trade Atlas)

**Japanese Imports of Ikura (Prepared Egg)**

**January - August 2001 -- 2003**

**January - August 2001 -- 2003**

> **% Change**

  ---------- ----------------- ------------- ------------- ------------- -------------
  **Rank**   **Country**       **2001**      **2002**      **2003**      **03/02**

  **0**      **\--World\--**   **1,118**     **1,754**     **1,234**     **-30%**

  1          United States     957           1,349         880           -35%

  2          China             42            121           197           63%

  3          Canada            46            107           112           5%

  4          Russia            5             162           39            -76%

  5          Others            68            15            7             -57%
  ---------- ----------------- ------------- ------------- ------------- -------------

**HS 160430010**

Source of Data: Japan Customs (World Trade Atlas)

# Surimi Section

## 2004 Market Outlook

Vietnam and Myanmar will join Thailand and India as suppliers of
low-priced non-Pollock surimi to Japan in 2004. Low market prices for
surimi will slow growth prospects for imports of high quality Pollock
surimi from the United States, although prospects should be better for
medium grade products. Competition among Asian suppliers of non-Pollock
surimi will stiffen.

## 2003 Market Situation and Update

Relatively weak consumption of fish cake (and paste) products continues
to limit Japan's ingredient demand for surimi in 2003. Imports are
expected to drop by 5% to 295,000 MT due to weak market prices. Japanese
manufacturers of surimi-based products are expected to continue sourcing
low-priced domestic and Asian non-Pollock surimi. Japan's fish cake
manufactures remain hesitant to buy relatively high-priced U.S. Pollock
surimi.

## Poor Outlook for Japan's Surimi Market in 2003

Japan's total demand for surimi in 2003 is forecast 2% below last year's
level at 400,000 MT. Prices for products made with surimi have remained
relatively weak during 2003 due to lethargic demand, including
low-priced products made with non-Pollock surimi.

## Surimi Imports Expected to Drop in 2003 Due to the Depressed Market

Based on January -- August trade data, Japan's surimi imports are
forecast to fall by 5% from last year to about 295,000 MT, due to weak
ingredient demand and low market prices. The U.S. import share in 2003
is forecast at about 40% (117,000 MT), which is 13% lower than last
year.

Wholesale prices of surimi have been trending down since early in 2003,
particularly for high-grade products. U.S. offer prices have remained
relatively high due to solid demand for white meat fillets and surimi in
North America and Europe. Industry sources report that Japanese
manufacturers are focusing on medium and lower grade U.S. Pollock
surimi.

Japan's weak surimi market situation is also slowing imports of
non-Pollock surimi from Asian suppliers. Imports from Thailand, which
reached record levels last year, are projected to drop in 2003. Imports
from India, which have grown rapidly over the past few years, are also
expected to slow in 2003.

Competition in the Asian surimi production market is expected to
increase when manufacturing plants in Vietnam and Myanmar become
operational in 2004. Thailand, India and Indonesia are currently the
primary Asian suppliers to the Japanese market.

## Japan's Surimi Production Expected to Increases in 2003

Based on industry production data through August 2003, Japan's annual
surimi production (cod/Pollock and Atka mackerel combined) is projected
to increase by 2% to 105,000 MT. During the first eight months of 2003,
surimi production in Hokkaido, which is Japan's major producing region,
rose by 4% to 30,118 MT. A 12% decline in Pollock surimi production was
more than offset by a 42% jump in surimi made from Atka mackerel.
Production in other regions of Japan is expected to remain unchanged
from last year.

**Japanese Surimi Imports**

**January - December 2000 -- 2002**

**Unit: Metric Ton**

> **% Change**

  ---------- ----------------- ------------- ------------- ------------- -------------
  **Rank**   **Country**       **2000**      **2001**      **2002**      **02/01**

  **0**      **\--World\--**   **271,283**   **312,763**   **310,803**   **-1%**

  1          United States     116,700       144,744       133,976       -7%

  2          Thailand          79,732        86,342        100,689       17%

  3          India             9,178         16,467        17,498        6%

  4          China             12,987        13,072        15,083        15%

  5          Argentina         22,447        16,672        13,392        -20%

  6          Chile             7,621         11,523        10,312        -11%

  7          Indonesia         1,522         3,313         4,513         36%

  8          Vietnam           1,755         2,290         2,877         26%

  9          Others            19,342        18,340        12,464        -32%
  ---------- ----------------- ------------- ------------- ------------- -------------

**HS 03049012, 030490013, 030490014, 030490020, (030490093), 030490095,
030490099**

Source of Data: Japan Customs (World Trade Atlas)

**Japanese Surimi Imports**

**January - August 2001 -- 2003**

**Unit: Metric Ton**

> **% Change**

  ---------- ----------------- ------------- ------------- ------------- -------------
  **Rank**   **Country**       **2001**      **2002**      **2003**      **03/02**

  **0**      **\--World\--**   **187,413**   **184,441**   **155,341**   **-16%**

  1          Thailand          54,772        64,101        60,666        -5%

  2          United States     80,780        68,252        50,022        -27%

  3          India             11,080        12,833        13,301        4%

  4          China             8,044         9,710         9,915         2%

  5          Argentina         10,175        11,540        7,046         -39%

  6          Chile             5,565         5,866         4,025         -31%

  7          Vietnam           1,445         1,800         2,629         46%

  8          Indonesia         1,965         2,234         1,590         -29%

  7          Others            13,587        8,105         6,146         -24%
  ---------- ----------------- ------------- ------------- ------------- -------------

Source of Data: Japan Customs (World Trade Atlas)

# Pollock/Cod Roe Section

## 2004 Market Outlook

The impact of a mislabeling scandal coupled with high year-beginning
stocks will likely maintain lower market prices for Pollack and cod roe
in 2004, which may cut imports. Consumption is forecast unchanged in
2004. Japan's roe market will likely remain sensitive to food safety and
mislabeling issues. The use of additives in processed seafood,
especially roe, could become a hot topic among Japanese consumers.

## 2003 Market Situation and Update

A recovery in the consumption of Pollock and cod roes is expected in
2003, helping to increase imports. Imports from Russia, which plunged
last year, are expected to account for most of the anticipated import
gain in 2003. A mislabeling scandal involving a Japanese roe processor
this fall has reportedly made consumers and retailers nervous, and could
hamper sales of Pollock and cod roes during the remainder of the year,
which could increase year-ending stocks.

## Japan's Roe Consumption Recovers in 2003, Aided by Lower Market Prices

The market for Pollock and cod roes improved considerable in 2003, and
total consumption is forecast to rebound from last year by 8% to 52,000
MT. Lower market prices are reportedly fueling increased household and
food service consumption.

## Mislabeling Scandal May Slow Consumption Recovery

News that a Japanese company mislabeled *mentai roe* (salted and spiced
Pollock roe) this fall has further dented consumer confidence about food
safety in Japan, and could slow roe consumption during the remainder of
2003. Market sources think this incident will push retailers to become
more selective in purchasing roe, and that the Japanese Government will
implement stricter inspections of roe manufacturers. The incident
involved one of Japan's major roe manufactures, which reportedly failed
to include information on the product label stating that the roe
contained sodium nitrite. In addition, the level of sodium nitrite
residue exceeded the allowable limit.

## Imports Expected to Rebound in 2003

Japan's imports of Pollack and cod roe are forecast to rise by about 5%
in 2003 to 46,000 MT due to improved market conditions. Much of the
increase is attributed to imports from Russia, which recovered from a
plunge last year. Imports of U.S. roe are expected to drop slightly in
2003, with the U.S. share estimated at about 48%.

## Domestic Production Will Remain Relatively Unchanged in 2003

Landings of Pollock and cod at major Japanese ports were down several
percentage points in 2003, which may result in a very slight decrease of
Pollock and cod roe production in 2003. In order to conserve Pollock and
cod resources, Hokkaido's fishery industry is reportedly implementing a
voluntary program to keep the annual catch relatively constant.

**Japanese Cod and Pollock Roes Imports**

**January -- December 2000 - 2003**

**Unit: Metric Ton**

> **% Change**

  ---------- ----------------- ------------- ------------- ------------- -------------
  **Rank**   **Country**       **2000**      **2001**      **2002**      **02/01**

  **0**      **\--World\--**   **41,942**    **49,716**    **44,205**    **-11%**

  1          United States     15,207        23,388        24,544        5%

  2          Russia            12,605        14,285        8,262         -42%

  3          China             5,810         5,334         6,252         17%

  4          Korea, South      5,830         4,131         4,178         1%

  5          Chile             192           570           298           -48%

  6          Others            2,298         2,008         672           -67%
  ---------- ----------------- ------------- ------------- ------------- -------------

**HS 030270020, 030280020, 030520020, 160420014, and 160420013**

Source of Data: Japan Customs (World Trade Atlas)

**Cod and Pollock Roes**

**January - August 2001 - 2003**

**Unit: Metric Ton**

> **% Change**

  ---------- ----------------- ------------- ------------- ------------- -------------
  **Rank**   **Country**       **2001**      **2002**      **2003**      **03/02**

  **0**      **\--World\--**   **41,172**    **36,154**    **37,570**    **4%**

  1          United States     20,842        21,861        20,105        -8%

  2          Russia            12,613        6,878         10,130        47%

  3          China             3,129         4,045         4,082         1%

  4          Korea, South      2,588         2,615         2,743         5%

  5          Iceland           859           140           275           97%

  6          Others            1,141         613           236           -62%
  ---------- ----------------- ------------- ------------- ------------- -------------

Source of Data: Japan Customs (World Trade Atlas)

# Japanese Salmon and Trout PS&D Table

+------------------+-------+-------+-------+-------+-------+-------+
| PSD Table        |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| Country          | Japan |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| Commodity        | Sa    |       |       |       |       |       |
|                  | lmon, |       |       |       |       |       |
|                  | Wh    |       |       |       |       |       |
|                  | ole/E |       |       |       |       |       |
|                  | visce |       |       |       |       |       |
|                  | rated |       |       |       |       |       |
|                  |       |       |       |       |       |       |
|                  | (MT)  |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
|                  | 2002  | Re    | 2003  | Est   | 2004  | For   |
|                  |       | vised |       | imate |       | ecast |
+------------------+-------+-------+-------+-------+-------+-------+
|                  | USDA  | Post  | USDA  | Post  | USDA  | Post  |
|                  | Off   | Est   | Off   | Est   | Off   | Est   |
|                  | icial | imate | icial | imate | icial | imate |
|                  | \[    | \[    | \[    | \[    | \[    | \[    |
|                  | Old\] | New\] | Old\] | New\] | Old\] | New\] |
+------------------+-------+-------+-------+-------+-------+-------+
| **Market Year    |       | 01    |       | 01    |       | 01    |
| Begin**          |       | /2002 |       | /2003 |       | /2004 |
+------------------+-------+-------+-------+-------+-------+-------+
| Beginning Stocks | 1     | 1     | 1     | 1     | 1     | 1     |
|                  | 26000 | 26000 | 31000 | 31000 | 21000 | 26000 |
+------------------+-------+-------+-------+-------+-------+-------+
| Total Production | 2     | 2     | 2     | 2     | 0     | 2     |
|                  | 40000 | 58000 | 30000 | 70000 |       | 55000 |
+------------------+-------+-------+-------+-------+-------+-------+
| Intra-EC Imports | 0     | 0     | 0     | 0     | 0     | 0     |
+------------------+-------+-------+-------+-------+-------+-------+
| Other Imports    | 2     | 2     | 2     | 2     | 0     | 2     |
|                  | 65000 | 70000 | 60000 | 25000 |       | 20000 |
+------------------+-------+-------+-------+-------+-------+-------+
| TOTAL Imports    | 2     | 2     | 2     | 2     | 0     | 2     |
|                  | 65000 | 70000 | 60000 | 25000 |       | 20000 |
+------------------+-------+-------+-------+-------+-------+-------+
| TOTAL SUPPLY     | 6     | 6     | 6     | 6     | 1     | 6     |
|                  | 31000 | 54000 | 21000 | 26000 | 21000 | 01000 |
+------------------+-------+-------+-------+-------+-------+-------+
| Intra-EC Exports | 0     | 0     | 0     | 0     | 0     | 0     |
+------------------+-------+-------+-------+-------+-------+-------+
| Other Exports    | 35000 | 34000 | 40000 | 45000 | 0     | 40000 |
+------------------+-------+-------+-------+-------+-------+-------+
| TOTAL Exports    | 35000 | 34000 | 40000 | 45000 | 0     | 40000 |
+------------------+-------+-------+-------+-------+-------+-------+
| Domestic         | 4     | 4     | 4     | 4     | 0     | 4     |
| Consumption      | 65000 | 89000 | 60000 | 55000 |       | 45000 |
+------------------+-------+-------+-------+-------+-------+-------+
| Other Use/Loss   | 0     | 0     | 0     | 0     | 0     | 0     |
+------------------+-------+-------+-------+-------+-------+-------+
| TOTAL            | 4     | 4     | 4     | 4     | 0     | 4     |
| Utilization      | 65000 | 89000 | 60000 | 55000 |       | 45000 |
+------------------+-------+-------+-------+-------+-------+-------+
| Ending Stocks    | 1     | 1     | 1     | 1     | 0     | 1     |
|                  | 31000 | 31000 | 21000 | 26000 |       | 16000 |
+------------------+-------+-------+-------+-------+-------+-------+
| TOTAL            | 6     | 6     | 6     | 6     | 0     | 6     |
| DISTRIBUTION     | 31000 | 54000 | 21000 | 26000 |       | 01000 |
+------------------+-------+-------+-------+-------+-------+-------+

# Japanese Salmon and Trout Eggs/Roes PS&D Table

  ----------------- ---------- ------------- --------- -------------- --------- ---------------
  **Commodity:                                                                  
  Salmon/Trout Roes                                                             
  (1,000 Metric                                                                 
  Tons)**                                                                       

                    **2001**   **2002**                **2003**                 **2004**

                               **Prelim.**   **OLD**   **Forecast**   **OLD**   **Projected**

  Beginning Stocks  7          10            10        9              9         9

  Total Production  6          6             5         6              0         6

  Intra EC Imports  #N/A       #N/A          #N/A      #N/A           #N/A      #N/A

  Other Imports     8          10            8         9              0         9

  TOTAL Imports     8          10            8         9              0         9

  TOTAL SUPPLY      21         26            23        24             9         24

  Intra EC Exports                                                              

  Other Exports     0          0             0         0              0         0

  TOTAL Exports     0          0             0         0              0         0

  Dom. Consumption  11         17            14        15             0         16

  Other Use/Loss    0          0             0         0              0         0

  TOTAL Utilization 11         17            14        15             0         16

  Ending Stock      10         9             9         9              0         8

  TOTAL             21         26            23        24             0         24
  DISTRIBUTION                                                                  
  ----------------- ---------- ------------- --------- -------------- --------- ---------------

# Japanese Surimi PS&D Table

+------------------+-------+-------+-------+-------+-------+-------+
| PSD Table        |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Country**      | **Ja  |       |       |       |       |       |
|                  | pan** |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Commodity**    | **Sur |       |       |       |       |       |
|                  | imi** |       |       |       |       |       |
|                  |       |       |       |       |       |       |
|                  | (MT)  |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
|                  | 2002  | Re    | 2003  | Est   | 2004  | For   |
|                  |       | vised |       | imate |       | ecast |
+------------------+-------+-------+-------+-------+-------+-------+
|                  | USDA  | Post  | USDA  | Post  | USDA  | Post  |
|                  | Off   | Est   | Off   | Est   | Off   | Est   |
|                  | icial | imate | icial | imate | icial | imate |
|                  | \[    | \[    | \[    | \[    | \[    | \[    |
|                  | Old\] | New\] | Old\] | New\] | Old\] | New\] |
+------------------+-------+-------+-------+-------+-------+-------+
| **Market Year    |       | 01    |       | 01    |       | 01    |
| Begin**          |       | /2002 |       | /2003 |       | /2004 |
+------------------+-------+-------+-------+-------+-------+-------+
| Beginning Stocks | 84000 | 84000 | 87000 | 84000 | 82000 | 81000 |
+------------------+-------+-------+-------+-------+-------+-------+
| Total Production | 1     | 1     | 1     | 1     | 0     | 1     |
|                  | 13000 | 03000 | 10000 | 05000 |       | 10000 |
+------------------+-------+-------+-------+-------+-------+-------+
| Intra-EC Imports | 0     | 0     | 0     | 0     | 0     | 0     |
+------------------+-------+-------+-------+-------+-------+-------+
| Other Imports    | 3     | 3     | 3     | 2     | 0     | 2     |
|                  | 20000 | 11000 | 05000 | 95000 |       | 95000 |
+------------------+-------+-------+-------+-------+-------+-------+
| TOTAL Imports    | 3     | 3     | 3     | 2     | 0     | 2     |
|                  | 20000 | 11000 | 05000 | 95000 |       | 95000 |
+------------------+-------+-------+-------+-------+-------+-------+
| TOTAL SUPPLY     | 5     | 4     | 5     | 4     | 82000 | 4     |
|                  | 17000 | 98000 | 02000 | 84000 |       | 86000 |
+------------------+-------+-------+-------+-------+-------+-------+
| Intra-EC Exports | 0     | 0     | 0     | 0     | 0     | 0     |
+------------------+-------+-------+-------+-------+-------+-------+
| Other Exports    | 5000  | 5000  | 5000  | 3000  | 0     | 3000  |
+------------------+-------+-------+-------+-------+-------+-------+
| TOTAL Exports    | 5000  | 5000  | 5000  | 3000  | 0     | 3000  |
+------------------+-------+-------+-------+-------+-------+-------+
| Domestic         | 4     | 4     | 4     | 4     | 0     | 4     |
| Consumption      | 25000 | 09000 | 15000 | 00000 |       | 00000 |
+------------------+-------+-------+-------+-------+-------+-------+
| Other Use/Loss   | 0     | 0     | 0     | 0     | 0     | 0     |
+------------------+-------+-------+-------+-------+-------+-------+
| TOTAL            | 4     | 4     | 4     | 4     | 0     | 4     |
| Utilization      | 25000 | 09000 | 15000 | 00000 |       | 00000 |
+------------------+-------+-------+-------+-------+-------+-------+
| Ending Stocks    | 87000 | 84000 | 82000 | 81000 | 0     | 83000 |
+------------------+-------+-------+-------+-------+-------+-------+
| TOTAL            | 5     | 4     | 5     | 4     | 0     | 4     |
| DISTRIBUTION     | 17000 | 98000 | 02000 | 84000 |       | 86000 |
+------------------+-------+-------+-------+-------+-------+-------+

# Japanese Cod and Pollock PS&D Table

  ----------------- ---------- ------------- --------- -------------- --------- ---------------
  **Commodity:                                                                  
  Cod/Pollock Roe                                                               
  (1,000 Metric                                                                 
  Tons)**                                                                       

                    **2001**   **2002**                **2003**                 **2004**

                               **Prelim.**   **OLD**   **Forecast**   **OLD**   **Projected**

  Beginning Stocks  13         18            17        21             22        22

  Total Production  8          7             8         7              0         7

  Intra EC Imports  #N/A       #N/A          #N/A      #N/A           #N/A      #N/A

  Other Imports     50         44            45        46             0         43

  TOTAL Imports     50         44            45        46             0         43

  TOTAL SUPPLY      71         69            70        74             22        72

  Intra EC Exports  #N/A       #N/A          #N/A      #N/A           #N/A      #N/A

  Other Exports     0          0             0         0              0         0

  TOTAL Exports     0          0             0         0              0         0

  Dom. Consumption  53         48            53        52             0         52

  Other Use/Loss    0          0             0         0              0         0

  TOTAL Utilization 53         48            53        52             0         52

  Ending Stock      18         21            17        22             0         20

  TOTAL             71         69            70        74             0         72
  DISTRIBUTION                                                                  
  ----------------- ---------- ------------- --------- -------------- --------- ---------------

Note: This table is prepared by post