Value and importance of aquaculture
Aquaculture in the UK is a growing industry. Although just 8% of companies produce 92% of the value. Salmon produced in Scotland dominates. The volume of salmon production in the UK grew 18% between 2016 and 2020.
Value and volume of farmed fish and shellfish
In 2020, the UK farmed 217,000 tonnes of fish and shellfish. It was worth £1 billion although this is a value decrease of 13% compared to 2020.
The top 5 species by value were:
- Atlantic salmon (£932 million)
- Rainbow trout (£45 million)
- Mussels (£9 million)
- Carp (£6 million
- Oysters (£6 million)
The top 5 species by volume were:
- Atlantic salmon (192,000 tonnes)
- Rainbow trout (12,400 tonnes)
- Mussels (9,200 tonnes)
- Oysters (1,800 tonnes)
- Other salmonoids (500 tonnes)
Importance of UK aquaculture
The latest financial data we have for the UK aquaculture industry is from 2018. In that year:
- Total income was £972 million
- Net profit was £99 million
- There were 2,833 companies in the UK
- There were 464 full time equivalent jobs
Aquaculture is the fastest growing food supply sector in the world, and it helps with global, regional and local food security. In the period 1990–2020, total world aquaculture expanded by over 600% in annual output, with an average growth rate of 6.7%.
According to the Food and Agriculture Organisation (FAO), in 2020 the world’s total aquaculture production reached an all-time high of 122.6 million tonnes in live weight. Around 87.5 million tonnes of that was for use as human food.
Often the primary source of many aquatic animals we like to eat, such as Atlantic salmon, sea bass, or warm water prawns, is from aquaculture. In the next ten years, the aim is to sustainably expand global aquaculture production by up to 40% so it can satisfy the growing demand for aquatic food whilst generating jobs and securing incomes.
Currently, we do not collect data on the aquaculture industry in the UK. We use third-party sources.
The EU Aquaculture Sector - Economic Report 2020
The European Commission Scientific, Economic and Technical Committee for Fisheries (STECF) report provides a comprehensive overview of the latest information available on the production, economic value, structure and competitive performance of the aquaculture sector at the national and EU level. This report includes data for 2008 to 2018.
Follow the link below to the report.
The State of World Fisheries and Aquaculture 2022
The UN FAO’s State of World Fisheries and Aquaculture (SOFIA) 2022 report presents quantitative evidence of the growing role of fisheries and aquaculture in providing food, nutrition and employment.
Follow the link below to the report.
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