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Report demonstrates European aquaculture has recovered from recession

A report cited in Sectormaritimo.es describes a general overview of the competitive performance and economic value of the national aquaculture sector in the European Union (EU) for the years 2008 to 2016.

The EU aquaculture sector increased production by 2.2% annually between 2014 and 2016 in volume and 3.1% in value. Earnings almost doubled in the same period, a strong recovery compared to a low year in 2013.

The sector supports 12,500 aquaculture companies, the majority are micro companies that employ less than ten workers. The total workforce remained stable (73,000) but the number of full-time workers increased, indicating companies are providing more stable career opportunities.

Net revenue in the marine sector was EUR$2.7 billion, EUR$1.1 billion in shellfish production, and EUR$1 billion in freshwater. The principal species in terms of value were Atlantic salmon, rainbow trout, and European sea bass.

EU production is dominated by the United Kingdom, France, Greece, Italy, and Spain which represent 75% of the total production volume.

The United Kingdom is the principal salmon producer in the marine sector while Greece is the principal producer of seabass and dorada. France producers the largest volume of oysters, Spain leads the mussel category, and Italy produces the most clams.