Home » Aquaculture: 2022
The annual census conducted amongst entities operating in the local aquaculture and tuna farming industry revealed that, during 2022, the total output generated by this economic activity grew by €92.4 million or 40.7 per cent over that recorded in 2021 to a figure of €319.4 million. Additionally, the intermediate consumption of the industry, which represents the main operating expenses incurred by the same operators, rose by €91.1 million or 61.8 per cent over that recorded a year before to a total of €238.4 million. This led the industry’s gross value added to marginally increase by 1.7 per cent to €81.0 million.
The depreciation of fixed capital of the industry fell slightly by €0.2 million or 4.8 per cent to a total of €4.9 million; while the total outlays disbursed on the wages and salaries paid to their employees edged upwards by €1.0 million or 9.9 per cent to €11.7 million. Upon subtracting the expenses from its revenues, the industry is calculated to have attained a net operating surplus of €64.4 million (Table 1, Charts 1 and 2).
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Note: The gap in between the lines represents the Gross Value Added.