Industry Analysis & Industry Trends
The Marine Fishing industry has had a poor catch of late. Already suffering from declining wild catch volumes and declining fishing quotas, the industry has been further rocked by volatile seafood prices and a sharp economic downturn, which has led consumers to cut back spending on fish and other industry products. Rising competition from aquaculture has also threatened the industry. Industry revenue is estimated to contract at a compound annual rate of 0.4% over the five years through 2013-14 to £754.3 million. Growth of 1.0% is forecast for 2013-14 as quotas are relaxed and demand for seafood improves moderately.
The industry will also be transformed by plans to reform the Common Fisheries Policy (CFP), announced in February 2013... purchase to read more
Industry Report - Industry Products Chapter
The industry catches and harvests three main groups of seafood: demersal fish, pelagic fish and shellfish.
Demersal fish are fish that live on or near the sea floor in sandy, muddy or rocky environments. The most commonly caught demersal fish in the United Kingdom are catfish, haddock, monkfish, hake, megrims, pollack and whiting. Demersal represent about one-third of total catch volumes in the United Kingdom, earning 37.6% of industry revenue. Over the five years through 2013-14, the volume of demersal fish catches has contracted.
Pelagic fish are mid-water dwelling fish. This type of fish includes herring, mackerel, pilchards and sprats... purchase to read more