Industry Analysis & Industry Trends
Marine Fishing in the United Kingdom has been hampered by choppy operating conditions over the past five years. At the beginning of the five-year period through 2016-17, restrictive quota levels and low consumer demand placed downward pressure on industry revenue. Additionally, rising competition from the aquaculture industry is also expected to have hampered industry demand. However, in recent years increased health consciousness has boosted industry demand, as consumers have begun to realise the health benefits of omega-3 fish oils. Stock levels of many marine species have improved as a result of previous fishing restrictions. However, the size and value of UK landings has decreased in recent years. As a result, industry revenue is estimated to fall at a compound annual rate of 0.9%... purchase to read more
Industry Report - Industry Locations Chapter
The composition of the Marine Fishing Industry in the United Kingdom is dependent on the number of vessels, capacity and power.
Scotland is estimated to contribute the most to industry revenue in the current year. Scotland has the highest share price of capacity accounting for 32% of the vessels in the United Kingdom. Scotland is the largest marine fishing area in the United Kingdom, with an estimated 60% of all seafood caught in the country being derived from Scotland. Scottish fisheries land fish a variety of fish from high-margin catches such as Salmon and shellfish to low-margin catches such as Herring and Mackerel in the North Sea and the waters off the West of Scotland. Sco.. purchase to read more