10 World’s Biggest Fishing Companies in 2021
There are 10 World’s biggest fishing companies in 2021 according to the annual report of each company. They are, of course, the leader of the fisheries industries markets, with total revenue and net profit reaching billions of dollars. In this case, hard work, integrity, and commitment to stepping forward making some of the fisheries companies become market leaders in the world fisheries sector
Fishing is one of the main sectors in fulfilling human
consumption. Many fishing products have good nutrition to human’s body.
Economically, the demand for fishing
products increased from time to time. In this world, many companies strive to
provide fishing products to humans, but just some of them have billions of revenues
and assets. Here is the ranking of the
biggest fishing companies in 2021. All the data was
obtained from the Annual Report in 2021.
The
Rank of 10 World's Biggest Fishing Companies Based on Total Assets in 2021
|
Ranks |
Name |
Total Assets |
Total Assets |
Total Liablities |
Total Liablities |
|
of |
in |
in |
in |
in |
|
|
Companies |
Origin Currency |
US Dollar ($) |
Origin Currency |
US Dollar ($) |
|
|
1 |
Mowi |
EUR 6.2 Billion |
6.8 Billion |
EUR 2.6 Billion |
2.8 Billion |
|
2 |
Dongwon Industries |
KRW 6,685 Billion |
5 Billion |
KRW 4,058 Billion |
3 Billion |
|
3 |
Thai Union Grup |
BHT 166 Billion |
4.8 Billion |
BHT 104 Billion |
3 Billion |
|
4 |
Maruha Nichiro |
JPY 548 Billion |
4 Billion |
JPY 361 Billion |
2.6 Billion |
|
5 |
Nissui |
JPY 505 Billion |
3.7 Billion |
JPY 296 Billion |
2.1 Billion |
|
6 |
Leroy Seafood Group |
NOK 13,804 Million |
1.3 Billion |
NOK 3,579 Million |
0.34 Billion |
|
7 |
Sanford |
NZD 940 Million |
0.582 Billion |
NZD 306 Million |
189 Million |
|
8 |
Austevoll Seafood |
NOK 5,940 Million |
0.564 Billion |
NOK 1,545 Million
|
0.14 Billion |
|
9 |
Atlantic Sapphire |
USD 311 Million |
312 Million |
USD 72 Million |
73 Million |
|
10 |
Blue Star Foods Corp |
USD 15.9 Million |
15.9 Million |
USD 7 Million |
8 Million |
|
Origin Currency - Currency that officially
used in Annual Report 2021 |
|||||
|
US Dollar- Converted Currency From Origin
Currency into US Dollar Based on Currency Rate |
|||||
|
|
Source : Annual Report, 2021 |
||||
|
|
Currency Rate : |
||||
|
|
1 Euro = 1.1 US Dollar (USD) |
||||
|
|
1 Thailand Baht (THB) = 0.029 US Dollar (USD) |
||||
|
|
1 Japanese Yen (JPY) = 0.0074 US Dollar (USD) |
||||
|
|
1 Norwegian Krone (NOK) = 0.095 US Dollar
(USD) |
||||
|
|
1 New Zeland Dollar (NZD) = 0.62 US Dollar
(USD) |
||||
|
|
1 Korean Won (KRW) = 0.00075 US Dollar (USD) |
||||
The rank based on assets above was obtained from the Balance sheet of the
companies in 2021. A balance sheet basically is the financial worksheet in an
annual report that describes the assets, liabilities, and equity of the company
in specific time. The assets are the physical
and non-physical property that the company has owned when running its business.
Furthermore, liabilities are the financial obligation or debt that companies
must pay off. Meanwhile, equity is the
difference in value between assets and liabilities.
The Rank of 10 World's Biggest Fishing Companies Based on
Net Income in 2021
|
Ranks |
Name |
Revenue |
Revenue |
Net Income |
Net Income |
|
of |
in |
in |
in |
in |
|
|
Companies |
Origin Currency |
US Dollar ($) |
Origin Currency |
US Dollar ($) |
|
|
1 |
Mowi |
EUR 4.2 Billion |
4.6 Billion |
EUR 487 Million |
535 Million |
|
2 |
Thai Union Grup |
BHT 141 Billion |
4 Billion |
BHT 8.2 Billion |
237 Million |
|
3 |
Dongwon Industries |
KRW 7,603 Billion |
5.7 Billion |
KRW 233 Billion |
174 Million |
|
4 |
Leroy Seafood Group |
|
|
NOK 1,424 Million |
135 Million |
|
5 |
Atlantic Sapphire |
USD 16.8 Million |
16.8 Million |
USD 132 Million |
133 Million |
|
6 |
Nissui |
JPY 693 Billion |
5.1 Billion |
JPY 17.2 Billion |
127 Million |
|
7 |
Maruha Nichiro |
JPY 866 Billion |
6.4 Billion |
JPY 16.8 Billion |
124 Million |
|
8 |
Austevoll Seafood – Norway |
|
|
NOK 910 Million |
86 Million |
|
9 |
Sanford |
NZD 489 Million |
303 Million |
NZD 16.2 Million |
10 Million |
|
10 |
Blue Star Foods Corp |
USD 9.9 Million |
9.9 Million |
(USD-2.6 Million) |
(-2.6 Million) |
|
Origin Currency - Currency that officially
used in Annual Report 2021 |
|||||
|
US Dollar- Converted Currency From Origin
Currency into US Dollar Based on Currency Rate |
|||||
|
|
Source : Annual Report, 2021 |
||||
|
|
Currency Rate : |
||||
|
|
1 Euro = 1.1 US Dollar (USD) |
||||
|
|
1 Thailand Baht (THB) = 0.029 US Dollar (USD) |
||||
|
|
1 Japanese Yen (JPY) = 0.0074 US Dollar (USD) |
||||
|
|
1 Norwegian Krone (NOK) = 0.095 US Dollar
(USD) |
||||
|
|
1 New Zeland Dollar (NZD) = 0.62 US Dollar
(USD) |
||||
|
|
1 Korean Won (KRW) = 0.00075 US Dollar (USD) |
||||
|
|
1 Korean Won (KRW) = 0.00075 US Dollar (USD) |
||||
The data of revenue and net income above was found in the Income Statement of Annual
Report in 2021. Commonly, income statements describe the business performance
in 2021. The loss and profit/ net income of the company can be found in the
income statement.
Along with the increasing human needs for nutritious and healthy
food, of course, there are many opportunities for the international fishing
industry to keep growing. The potential income will increase in line with the
growth of the human population and the increase in consumption of healthy
fishery products. Here are brief descriptions of some of the largest fishing
companies in the world based on annual report performance.
Brief
Description of 10 World’s Biggest Fishing Companies in 2021
Mowi ASA, formerly known as Marine Harvest ASA, is one of the
world’s largest seafood companies from Norway, and specifically is the world’s
largest producer of Atlantic Salmon with more than 20% of market share. The headquarters of this company is in Bergen, Norway which employed of 14,866 people and has operations in 25
countries around the world. Since Modi's
journey started in 1964, this company has grown and changed gradually in many
ways. In the beginning era, it started with
cultivating fish in the yard. Nowadays mowi has become a global leader in fishing
industries especially in sectors of the aquaculture and capture fisheries
industry.
Financially, based on the annual report of Mowi in 2021, this
company has assets around EUR 6.2 billion or equivalent with USD 6.8 Billion.
Meanwhile, liabilities of Mowi reached EUR 2.6 billion or equivalent with USD
2.8 billion. In the business performance of 2021, mowi generated revenue around
EUR 4.2 billion or equivalent to USD 4.6 billion and gained net income around
EUR 487 million or equivalent to USD 535 million.
Nippon Suisan Kaisha Ltd. (日本 水産 株式会社, Nippon Suisan Kabushiki-gaisha), better known
as Nissui, is a seafood company based in Nishi-Shimbashi, Minato-ku, Tokyo,
Japan. It was founded in 1911 by Ichiro Tamura and became one of the largest
commercial fisheries and marine procurement companies. The Company’s goal is “Build
a global marine product supply chain”. Nowadays, this company is one of the largest companies in Japan. As a public
company, the company is included on the Tokyo Stock Exchange and is part of the
Nikkei 225 stock index. In addition, along with the development of the
company’s business, the company approximately has 61 subsidiary companies, and
44 associated companies spread across Japan, Australia, New Zealand, Asia,
Europe, North and South America.
In the year 2021, Nissui has good financial performance and
positions. Based on the balance sheet, Nissui has assets around JPY 505 billion
or equivalent with USD 3.7 billion with liabilities around JPY 296 billion or
equivalent with USD 2.1 billion. Based on the business performance in 2021,
Nissui generated revenue around JPY 693 billion or equivalent with USD 5.1 billion
and gained net income JPY 17.2 billion or equivalent with USD 127 million.
Thai Union Group was originally founded in 1977 under the Thai
Union Manufacturing Company Limited. This company runs business as a food
processing and exporter of canned tuna. Recently based on the development of
company business from time to time, the company’s products have sold to various
countries in the world including North America, Europe, Asia, and Pacific
especially in some foreign countries with factories spread across several
countries such as France, Ghana, Poland, Portugal, Papua New Guinea, Norway,
Scotland, Vietnam, Thailand, and the United States. Operationally, the
company’s line of business includes the capture and production of tuna, shrimp,
sardines, mackerel, salmon, animal food, and selling its processed finished
products. As the company progressed, Thai Union became a public company and
listed its shares on the Stock Exchange of Thailand (SET) on November 22, 1994.
Maruha Nichiro Corporation (マ ル ハ ニ チ ロ 株式会社, Maruha Nichiro Kabushiki-gaisha) is a Japanese
seafood company founded in Osaka in 1880 by Ikujiro Nakabe. At first, Ikujiro
Nakabe started a business selling fish in Osaka. As the company’s business
grows, Maruha Nichiro has subsidiary companies in Japan, New Zealand,
Australia, the United States, throughout Europe, Asia and South America. In
2014, the company listed on the Tokyo Stock Exchange and was included in the Nikkei 225 stock index. Until now, the headquarters of this company was located in Toyosu, Koto-ku, Tokyo.
Dongwon Industries Co., Ltd. is a company based in Mabang-ro,
Seocho-gu, Seoul, South Korea which is engaged in the supply of marine
products. Nowadays this company is the largest fishery in South Korea. The
company’s business is divided
into three divisions, namely the division
of fisheries (catching, processing,
transporting tuna, and other marine products), the distribution sector,
which distributes mackerel and other marine products to Japan, the United
States, and Europe, and logistics division, which runs transportation,
warehousing, loading and unloading, and expedition services.
In 2021, Dongwon Industries
was still in good financial position and performance.
Based on the balance sheet, Dongwon
Industries has total assets around KRW 6,685 billion or equivalent with USD 5 billion
with liabilities around KRW 4,058 billion or equivalent to USD 3 billion. Based
on the business performance in 2021, Dongwon Industries generated revenue
around KRW 7,603 billion or equivalent to USD 5.7 billion and gained net income
around KRW 233 billion or equivalent to USD 174 million.
Lerøy Seafood Group ASA is a fishing company based in Bergen,
Norway. Historically, the company started operation in the 19th century with the initiative of Ole Mikkel
Lerøen started selling the fish in the beginning. Based on specific products, this company has led products on
salmon and trout. Financially, in 2021, Leroy Seafood Group has good financial
positions with total assets around NOK 13,804 million or equivalent to USD 1.3 billion
and liabilities around NOK 3,579 million or equivalent to USD 0.34 billion.
Based on the business, Leroy Seafood gained net income around NOK 1,424 million
or equivalent to USD 135 million.
Sanford is a New Zealand-based company which started its business since 1865. Along with business development, to date, this company has a fleet of 4 inshore vessels landing fresh premium seafood, 24 contracted inshore vessels, 11 deepwater vessels, 4 contracted deepwater vessels and 22 aquaculture vessels. Financially, in 2021, Sanford has total assets of around NZD 940 million oe equivalent to USD 0.582 billion, with liabilities around NZD 306 million or equivalent to USD 189 million. Based on the business performance in 2021, Sanford generated revenue around NZD 489 million or equivalent to USD 303 million and gained net income around NZD 16.2 million or equivalent to USD10 million.
Austevoll Seafood is a Norwegian fishing company that has been founded since 1981. Operationally, this company has a main office in Storebø, Norway. Austevoll Seafood in 2021, has total assets around NOK 5,940 million or equivalent to USD 0.564 billion with total liabilities around NOK 1,545 million or equivalent to USD 0.14 Billion. Based on the business performance in 2021, in the income statent of annual report, the Austevoll seafood generated net income around NOK 910 million or equivalent to USD 86 million.
Atlantic Sapphire is the aquaculture company that was founded by Johan Andreassen, Bjorn-Vegard Lovik, Thue Holm. Operationally, this company has a main office in Miami, Florida. Based on the balance sheet of the annual report in 2021, Atlantic Sapphire has total assets around USD 311 million with liabilities around USD 72 million. Based on the business performance in 2021, Atlantic Sapphire generated revenue around USD 16.8 million and gained net income around USD 132 million.
The
Summary of 10 World’s Biggest Fishing Companies in 2021
Bibliographies
10 World’s Biggest Fishing Companies in 2021
Mowi. 2023. Annual Report 2021. Accessed via https://mowi.com/blog/mowi-annual-report-2021/ on April 26th, 2023.
Dongwon Industries. 2023. Annual Report 2021. Accessed via https://www.wsj.com/market-data/quotes/KR/006040/financials on April 26th, 2023.
Thai Union Group. 2023. Annual Report 2021. Accessed via https://investor.thaiunion.com/financials.html on April 26th, 2023.
Maruha Nichiro. 2023. Annual Report 2021. Accessed via https://www.maruha-nichiro.com/ir/statements.html on April 26th, 2023.
Nissui. 2023. Annual Report 2021. Accessed via https://www.nissui.co.jp/english/ir/index.html on April 26th,
2023.
Leroy Seafood Group. 2023. Annual Report 2021. Accessed via https://www.leroyseafood.com/en/investor/reports-and-webcast/annual-report-2021/ on April 26th, 2023.
Sanford. 2023. Annual Report 2021. Accessed via https://www.sanford.co.nz/investors/reports-1/company-reports/2021/annual-report-2021/ on April 26th, 2023.
Austevoll Seafood. 2023. Annual Report 2021. Accessed via https://www.auss.no/investor/results-webcast/2021/annual-report-2021/ on April 26th, 2023.
Atlantic Sapphire. 2023. Annual Report 2021. Accessed via https://atlanticsapphire.com/investor-relations/financial-reports/ on April 26th, 2023.
Blue Star Foods Corp. 2023. Annual Report 2021. Accessed via https://ir.bluestarfoods.com/annual-reports/ on April 26th, 2023.