8/10/2019 Rendering Aquafeeds
1/27
Latin America
German DavalosNRA Convention
Naples, Oct. 2013
National Renderers Association
8/10/2019 Rendering Aquafeeds
2/27
Mexico
8/10/2019 Rendering Aquafeeds
3/27
Mexico
27.5
28.1
28,5 28,4 28.4
2009 2010 2011 2012 2013*
8/10/2019 Rendering Aquafeeds
4/27
Mexico - Poultry
8/10/2019 Rendering Aquafeeds
5/27
Mexico Poultry
63% of total livestock production Consumes 15 MMT of feed / year
Avian Influenza 2012:
During the second half of the year Mexico suffered an!"#$%&'( !* +,-+./ 0'#+!-&1,2 34,'1 516."&17'89:; ,1 2!
8/10/2019 Rendering Aquafeeds
6/27
Mexico Poultry
@+& 2!=# !* #+,= !"#$%&'( *%!< ?"1& #! #+& &1A !*BCDB E'= F9GC H,..,!1 *%!< #+&
3= !* P2#J BCD;I QGN !* .'/,1- +&1= 1"
8/10/2019 Rendering Aquafeeds
7/27
Mexico Poultry
Avian Influenza 2013:
A new outbreak at the beginning of the yearaffected breeding hens in the state of Guanajuato(Bachocos farms were affected), with a cost of$170 million
It caused the loss of more than 4 million birds Almost one million were heavy breeders (fertile
egg producers) The rest: broilers
8/10/2019 Rendering Aquafeeds
8/27
Mexico Poultry
Avian Influenza 2013: In July, Bachoco announced it was buying U.S.
based Morris Hatchery reproduction farms, locatedin Arkansas
This strategic acquisition immediately bolstered itssupply of incubated eggs for its operations inMexico and the U.S.
As of Oct. 2013, chicken production is back atnormal levels
8/10/2019 Rendering Aquafeeds
9/27
Mexico - Aquaculture
8/10/2019 Rendering Aquafeeds
10/27
Mexico Aquaculture
Aquafeed Production (TMT)
232.0 213.8172.8
36.0 41.341.9
0.0
50.0
100.0
150.0
200.0
250.0
300.0
2010 2011 2012Shrimp Fish
8/10/2019 Rendering Aquafeeds
11/27
8/10/2019 Rendering Aquafeeds
12/27
Mexico Shrimp
The states of Nayarit, Sinaloa, and Sonoraaccount for 80% of farmed raised shrimp
production of approximately 120 TMT undernormal circumstances
Shrimp production for 2013 predicted todecrease by at least 60%
Price of Shrimp in the international marketdoubled driven by additional demand fromChina
8/10/2019 Rendering Aquafeeds
13/27
Asia Shrimp (FAO 2013)
Shrimp Production Growth 08/11 vs. 11/15
8/10/2019 Rendering Aquafeeds
14/27
Latin America Shrimp (FAO 2013)
Production 2008 - 2015
8/10/2019 Rendering Aquafeeds
15/27
Latin America Shrimp (FAO 2013)
Production 2008 - 2015
8/10/2019 Rendering Aquafeeds
16/27
World fish production
8/10/2019 Rendering Aquafeeds
17/27
World - Aquaculture
Fish for direct human consumption isincreasing as a smaller share of captures isdestined for ! sh meal production. On a percapita basis, ! sh consumption is approaching
20kg
By 2022, almost 50% of fish meal will comefrom rendering tissues of the fish processingindustry
More ash / Less protein
8/10/2019 Rendering Aquafeeds
18/27
Mexico - Petfood
8/10/2019 Rendering Aquafeeds
19/27
Mexico - Petfood
Petfood Market TMT 2008 - 2013
Production for domesticconsumption & export Imports: 86% from U.S.
8/10/2019 Rendering Aquafeeds
20/27
Mexico Petfood
The Fiscal Reform plan unveiled inSeptember aims to increase taxes in variousareas of the economy petfood is in the
radar due to high rates of growth in the lastfew years
Mistakenly, the Government sees petownership as a luxury and it plans to add a16% sales tax to petfood
8/10/2019 Rendering Aquafeeds
21/27
Mexico Petfood
50% of Mexican homes have at least one pet 64% of those pets belong to low income
households
The Feed Manufacturers Association isleading a media campaign opposing theadded taxes
8/10/2019 Rendering Aquafeeds
22/27
Mexico
U.S. Exports of Animal Protein MealsYear Metric Tons Value US$
2011 92,705 52,648,206
2012 99,049(+7%)
60,604,000(+15%)
8/10/2019 Rendering Aquafeeds
23/27
Mexico
U.S. Exports of Animal Protein MealsYear
Jan-AugMetric Tons Value US$
2012 62,030 35,881,000
2013 57,420(-7.4%)
36,765,000(+2.5%)
8/10/2019 Rendering Aquafeeds
24/27
Chile
8/10/2019 Rendering Aquafeeds
25/27
Chile - Aquaculture
950
1,000
1,050
1,100
1,150
1,200
1,250
1,300
2011 2012 2013*
8/10/2019 Rendering Aquafeeds
26/27
Chile PAP Imports
Total: 47,354 - USA: 56
8/10/2019 Rendering Aquafeeds
27/27