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Tuesday, 21 January 2014

Latest reports on the EU fisheries sector released

The Annual Economic Reports (AER) on the fishing fleet, aquaculture and fish processing sectors provide a comprehensive overview of the structure and economic performance of the EU fisheries sector and highlight key trends, based on data obtained from the latest DCF data calls, Eurostat and the EU fishing fleet register. The reports  were reviewed by the Scientific, Technical and Economic Committee for Fisheries (STECF) during their plenary meetings held in Brussels, Belgium.
This summary of the 2013 Economic Performance Report on the EU Aquaculture Sector states that aquaculture production by the 28 European Union Member States (EU-28) reached 1.28 million tonnes and 3.51 billion Euros in 2011 according to FAO. Volume and value of sales reached 1.35 million tonnes and 4.02 billion Euros in 2011 (DCF). EU aquaculture production is mainly concentrated in 5 countries: France, Greece, Italy, Spain and United Kingdom, making up 77% in volume and 76% in value of EU totals.  The future evolution of the EU aquaculture sector is uncertain due to the following 3 factors hindering the full potential of the EU aquaculture sector: fierce foreign competition that brings market prices down, high labour and capital costs and administrative burdens that slow down investments in the sector.

Source: European Commission