Aquaculture output up by €0.5 million in a year

The gross output of the aquaculture industry, that mostly comprises fish farming, amounted to €98.1 million in 2013, up by 0.5% from €97.6 million in 2012.

National statistics show that the gross value added of the aquaculture industry in 2013 amounted to €8.3 million, down by 34.1% 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% 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 9,077 tonnes, an increase of 29.5% over the preceding year. The average price of fresh fish sold declined by 1.7%.

When compared to 2012 intermediate consumption, which takes into account the costs incurred in the production of farmed fish, went up by 5.7%. This resulted from increases in overheads and in the value of purchases of live fish and fingerlings, of 11.4 and 8.8% respectively. The increase in overheads was mainly due to a rise in the cost of contractual work (+40.7%).