In 2015, the gross output of the aquaculture industry increased by €30.4 million over 2014, the National Statistics Office said today.

The gross output of the aquaculture industry, which comprises mainly tuna farming and closed cycle species, amounted to €131.6 million, up by 30.1 per cent from €101.2 million in 2014.

The gross value added of the aquaculture industry in 2015 amounted to €20.5 million, up by 16.4 per cent from €17.6 million in the preceding year. Taking fixed capital consumption and exchange rate differences into consideration, the factor income amounted to €18.7 million. Compensation of employees amounted to €4.0 million, while entrepreneurial income stood at €13.6 million.

In 2015, the volume of fresh fish sold amounted to 10,800 tonnes, an increase of 25.5 per cent over the preceding year. This was mainly due to a increase in sales of tuna by 47.7 per cent, while sea bass and sea bream decreased by 85.7 and 13.5 per cent respectively.

When compared to 2014, intermediate consumption which takes into account the costs incurred in the production of tuna farming and closed cycle species, increased by 33.0 per cent. This resulted from increases in purchases of live tuna and other fish, variable production costs and overheads by 49.8, 21.7 and 18.8 per cent respectively.

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