Aquaculture industry gross output increased by €28.9 million in 2016

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Aquaculture industry gross output increased by €28.9 million in 2016The National Statistics Office has said today, that last year the gross output of the aquaculture industry increased by €28.9 million over 2015.

It comprises mainly of tuna farming and closed cycle species, and amounted to €160.5 million, up by 21.9 per cent from €131.6 million in 2015.

The NSO noted that the gross value added of the aquaculture industry in last year amounted to €15.3 million, a drop of 25.1 per cent from €20.5 million in 2015.

Taking fixed capital consumption and exchange rate differences into consideration, the factor income amounted to €12.0 million. Compensation of employees amounted to €3.8 million, while entrepreneurial income stood at €6.7 million, the NSO said.

Fresh fish sold amounted to 12,466 tonnes, an increase of 15.4 per cent over the preceding year. This was due to increases in the sales of Seabass and Tuna of 43.7 and 25.5 per cent, respectively.

However, the sales of other fish and Seabream decreased by 73.0 and 5.0 per cent respectively the NSO said.

Intermediate consumption, which takes into account the costs incurred in the production of Tuna farming and closed cycle species, increased by 30.6 per cent, when compared to 2015.

This resulted due to increases in overheads, selling costs, variable production costs, and in purchases of live Tuna and other fish, by 77.8, 65.2, 42.0 and 14.2 per cent respectively.

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    1 Response

    1. Better life says:

      The editor forgot to mention one thing ,the damage that its creating to our waters.

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