Research and Markets (http://www.researchandmarkets.com/research/mvpm5v/the_fisheries) has announced the addition of the “The Fisheries Sector in Portugal: Resources and Economy” report to their offering.
Since prehistoric times, man has practiced fishing and used the sea as a source of power. As new technologies developed, and always believing that the resources were unrestrained, the fishing abilities increased and so did the fishing effort. However, despite its constant renewal capability, after World War II, the finite nature of the resources became evident. As a result, policies have been established to ensure the protection of the marine environment and sustainable fishing.
Portugal has one of the largest exclusive economic Zones (EEZ) in the world and, therefore, enjoys some privileges regarding fishing, especially as far as catching pelagic fish, bountiful in the Portuguese coast, is concerned. Fishing is a very important industry for economic and social development of coastal communities in Portugal. In 2011, the fish traded at fish auctions in the mainland increased both in volume and in value, compared to 2010. Sales have increased their volume by 2,088.42 Kg, i.e., rising approximately 1.6%.
The value of the sales has also increased by 14 274 883 EUR, i.e. a rise of approximately 7.6 %. According to FAO, 75% of the world’s fish production is intended for human consumption and the demand for this food is increasing. This is why the supply no longer meets the fish demand and the obvious alternative, also in Portugal, is now aquaculture.
This report provides a comprehensive overview of the fishery resources in Portugal, as well as the status of the Portuguese fishing fleet. It also draws up a SWOT analysis of the fishing industry and a value chain analysis. Final chapters depict the strategic areas for investment and highlight opportunities for sustainable fisheries growth. The fisheries sector potential is significant as long as the appropriate investments are made in modernization, innovation and internationalization.
2013, Fort Mill Times, Fort Mill, SC