The 2014 Annual Economic Report on the EU Fishing Fleet (STECF 14-16). Scientific, Technical and Economic Committee for Fisheries (STECF)
The 2014 Annual Economic Report (AER) on the European Union (EU) fishing fleet provides a comprehensive overview of
the latest information available on the structure and economic performance of EU Member States fishing fleets. The
results show that although revenue (income from seafood sales plus other income from non-fishing activities) generated
by the fleet decreased compared to 2011, costs decreased even more, making the EU fishing fleet generally profitable
and more so than in 2011. The decrease in revenue is consistent with a decrease in the total weight and value of seafood
landed by the EU fleet. In 2012, the EU fleet generated €6.9 billion in revenue, amounting to €3.3 billion in Gross Value
Added, €1.3 billion in gross profit and €458 million in net profit. In 2012, 6.6% of the fleet’s revenue was retained as net
profit. In view of the continued uncertain economic climate in many Member States and high fuel prices, the economic
performance of the EU fleet in the near future is unclear. Projections for 2013 suggest decreased revenue for nine out of
15 Member State fleets assessed. However, GVA as a proportion of revenue is expected to have increased or remained
stable in 9 out of the 15 MS fleets, and gross profit and net profit margins are expected to have increased in about half of
the fleets assessed. This year’s publication includes: (1) an extended (non-technical) summary; (2) a structural and
economic overview of the EU fishing fleet; (3) a detailed economic and structural overview of the fishing fleets from each
EU Member State; (4) qualitative economic performance assessments for 2012 and performance projections for 2013 for
each EU Member State; and (5) regional analyses of the EU fishing fleet.
PAULRUD Anton;
DENTES DE CARVALHO GASPAR Natacha;
BORRELLO Alessandra;
2014-11-28
Publications Office of the European Union
JRC92507
978-92-79-43858-5,
1977-6578,
EUR 26901,
OP LB-AQ-14-001-EN-N,
https://publications.jrc.ec.europa.eu/repository/handle/JRC92507,
10.2788/19812,
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