Thursday, November 20, 2014

20/11/14: Maltese aquaculture grew in 2013!

The gross output of the Maltese aquaculture industry totalled €98.1 million, up by 0.5 percent from €97.6 million in 2012, The Fish Site reports.

The gross value added of the aquaculture industry in 2013 amounted to €8.3 million, down by 34.1 percent from €12.6 million in the preceding year.

Taking fixed capital consumption and exchange rate differences into consideration, the factor income amounted to €3.4 million, a decrease of 55.0 percent from €7.6 million in 2012.

Compensation of employees amounted to €3.4 million, while entrepreneurial income stood at -€0.8 million against €3.0 million in 2012.

During the year under review, the volume of fish sold by fish farms amounted to 9077 tonnes, an increase of 29.5 percent over the preceding year. The average price of fresh fish sold declined by 1.7 percent.

When compared to 2012 intermediate consumption, which takes into account the costs incurred in the production of farmed fish, went up by 5.7 percent.

This resulted from increases in overheads and in the value of purchases of live fish and fingerlings, of 11.4 and 8.8 percent respectively. The increase in overheads was mainly due to a rise in the cost of contractual work (+40.7 percent).

Read more HERE.

The Aquaculturists
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