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

1. AQUACULTURE
OPPORTUNITY
FOR THE
21ST CENTURY
Jimmy Lim
President
Institution of Aquaculture Singapore

2. Peter Drucker,
Management Guru & Economist, Nobel laureate
“Aquaculture, not the Internet, represents the
most promising investment opportunity
of the 21st Century.”
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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
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By 2011 29% marine fish stocks were overfished, 61% fully fished & 10% under fished

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6. FACTS
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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)

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8. FACTS 2
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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. 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%
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13. Top Aquaculture Producers
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http://www.fao.org/resources/infographics/infographics-details/en/c/231544/

15. SINGAPORE AQUACULTURE 2012
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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. Future of Aquaculture
OPPORTUNITIES
Expanding population
Expanding Markets
Buy local – Buy Fresh
Biosecurity
Products
Safe
Nutritious
Healthy
Sustainable
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17. Future of Aquaculture
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OBSTACLES
Regulations
Technology
Capital Sources
Global Competition
Support for Aquaculture
Public misunderstanding
Wild vs Farm Raised
Environmental Assault
Government acknowledgement of importance

18. Tilapia ( O. Niloticus)
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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

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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

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21. THANK YOU FOR YOUR ATTENTION
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