Economic performance of the EU fish processing sector

2018

Commission Decision of 25 February 2016 setting up a Scientific, Technical and Economic Committee for Fisheries, C(2016) 1084, OJ C 74, 26.2.2016, p. 4–10. The Commission may consult the group on any matter relating to marine and fisheries biology, fishing gear technology, fisheries economics, fisheries governance, ecosystem effects of fisheries, aquaculture or similar disciplines. This report evaluates the economic performance of the EU aquaculture industry during the period 2008-2016. Even if aquaculture production has been stagnant, the turnover and economic performance indicators have increased over time. The EU aquaculture sector reached 1.4 million tonnes in sales volume and €4.9 billion in sales value, in 2016.

This EWG-11-14 report, on the Economic Performance of the European Union (EU) Aquaculture sector, is the first report of this type produced for the sector. It provides a comprehensive overview of the latest information available on the structure, social, economic and competitive performance of the aquaculture sector at both national and EU level. The data used in this publication was collected under the Data Collection Framework (DCF). In 2009, the aquaculture sector production in the EU-22 (excluding the 5 landlocked Member States) accounted for 1.30 million tones, with an estimated turnover of 3.33 billion Euros. In the EU there are about 15,000 companies, whose main activity is the aquaculture production, producing a Gross Value Added of almost 270 million Euros. Profitability in 2009, based on the return on investment calculated from the EBIT was negative at -1.6 %, meaning that the sector has been suffering losses. The EU aquaculture sector gave direct employment to around 80,0...

Marine Policy, 2020

Production of gilthead seabream (Sparus aurata) and European seabass (Dicentrarchus labrax) is the second most important aquaculture industry in the European Union. During the last 10 years, the industry has experienced a process of industry concentration with the aim to overcome efficiency and profitability issues. However, the economic performance of the companies is still in general rather poor. The present work analyzes the economic performance of EU seabream and seabass companies in the period 2008-2016. The work is the first study to analyze companies' profitability in the EU as a whole, by country and company size, using economic and financial data extracted from companies' annual accounts. Based on the results, the study discusses the improvement of production and business profitability in recent years and the different factors that may have caused it, as well as the challenges and threats that seabream and seabass companies will have to face in order to achieve economic sustainability.

Aquaculture International, 2015

Despite the growing importance and high priority assigned by the EU policy makers to the development of aquaculture, little attention has been given to analyze the economic performance of the sector at EU level. Recently, the profitability of the EU aquaculture sector has been estimated by the European Commission's Scientific, Technical and Economic Committee for Fisheries (STECF). However, the few studies that have estimated the profitability of the EU aquaculture sector show sometimes divergent results. In this paper, the economic performance of the EU aquaculture sector is analyzed by country, segment and main species for the years 2006, 2009 and 2010 using financial and accounting data extracted from the Amadeus database and results are compared to other studies. This analysis helps to understand the methodological differences between the diverse sources. Moreover, this alternative methodology offers a simpler and faster alternative to the STECF's profitability estimates of the aquaculture sector. The analysis indicates that after the economic downturn, companies started to recover profits in 2010 in almost all segments and countries, and that the highest profitability is recorded by companies in the marine segment as compared to freshwater and shellfish.

Pomorstvo Scientific Journal of Maritime Research, 2011

Working in fisheries, which are one of the most profitable agricultural sectors, consist of fishing and aquaculture. There are three kinds of fishing: commercial, recreational and sport fishing. Aquaculture involves breeding of aquatic organisms, mollusks, crustaceans and aquatic plants. This paper analyzes the situation in the European Union (EU) fisheries, with a special emphasis on production, the common fishery policy, fishing fleets, fishing areas, employment in aquaculture, the income in the agricultural branches etc. Common Fisheries Policy (CFP) is the key figure in the management of fishing in the EU. The main objective of the reform of the EU fisheries sector is to ensure the preservation of fish stocks. The aim of this paper would be to give both theoretical and practical contribution and guidelines when it comes to solving problems and adopting appropriate actions in order to improve production and consumption of fish and fish-based products in the countries of the EU and in those in a process of transition.

2016

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2013

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The 2011 Annual Economic Report (AER) on the European Union (EU) fishing fleet provides a comprehensive overview of the latest information available on the structure and economic performance of EU Member States fishing fleets. Results suggest that the total amount of income generated by the EU fishing fleet in 2009 (excluding Greece) was €6.8 billion. This amount consisted of just below €6.5 billion in fish sales, €36.9 million in fishing rights transactions, €99.8 million in non-fishing income, and €201.2 million in direct income subsidies. The total costs incurred by the EU fishing fleet in 2009 (excluding Greece) were €6.9 billion. This amount consisted of just below €2 billion in crew wages, €1.1 billion in fuel costs, €580 million in repair costs, €761 million in other variable costs, €898 million in fixed costs, €102 million in fishing rights costs, €243 million in unpaid labour, €854 million in depreciation costs and €353 million in opportunity costs (interest). The total amo...