The economic performance of the EU fishing fleet during the COVID-19 pandemic

Griffin Carpenter; Natacha Carvalho; Jordi Guillen; Raúl Prellezo; Sebastián Villasante; Jesper Andersen; Edo Avdic Mravlje; Jörg Berkenhagen; Olivier Guyader; Emmet Jackson; Armelle Jung; Sophie Leonardi; Christelle Le Grand; Heidi Pokki; Katrien Verlé; Jarno Virtanen; Ivana Vukov; Kolyo Zhelev

doi:10.1051/alr/2022022

The economic performance of the EU fishing fleet during the COVID-19 pandemic

Griffin Carpenter, Natacha Carvalho, Jordi Guillen, Raúl Prellezo, Sebastián Villasante, Jesper Andersen, Edo Avdic Mravlje, Jörg Berkenhagen, Olivier Guyader, Emmet Jackson, Armelle Jung, Sophie Leonardi, Christelle Le Grand, Heidi Pokki, Katrien Verlé, Jarno Virtanen, Ivana Vukov, Kolyo Zhelev

Animal Sciences

Research output: Contribution to journal › A1: Web of Science-article › peer-review

Abstract

The COVID-19 outbreak and subsequent public health interventions have depressed demand and disrupted supply chains for many fishing businesses. This paper provides an analysis of the COVID-19 impacts on the profitability of the EU fishing fleets. Nowcasting techniques were used to estimate the impact of the COVID-19 pandemic on the economic performance for the EU fishing fleet in 2020 and 2021. Our results show that the economic impact of COVID-19 on this sector was smaller than initially expected and overall profits remained positive. This was in part due to low fuel prices that reduced operating costs of fishing, and the early response from governments to support the sector. The results vary by fishing fleet, revealing that small-scale fleets and the fleets in the Mediterranean and Black seas have been more impacted than large-scale fleets and the fleets in the Northeast Atlantic.

Original language	English
Article number	2
Journal	Aquatic Living Resources
Volume	36
Issue number	Special Issue
Number of pages	14
ISSN	0990-7440
DOIs	https://doi.org/10.1051/alr/2022022
Publication status	Published - 21-Feb-2023

Keywords

COVID-19
European Union
economic impact
fisheries

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10.1051/alr/2022022Licence: CC BY

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Carpenter, G., Carvalho, N., Guillen, J., Prellezo, R., Villasante, S., Andersen, J., Avdic Mravlje, E., Berkenhagen, J., Guyader, O., Jackson, E., Jung, A., Leonardi, S., Le Grand, C., Pokki, H., Verlé, K., Virtanen, J., Vukov, I., & Zhelev, K. (2023). The economic performance of the EU fishing fleet during the COVID-19 pandemic. Aquatic Living Resources, 36(Special Issue), Article 2. https://doi.org/10.1051/alr/2022022

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title = "The economic performance of the EU fishing fleet during the COVID-19 pandemic",

abstract = "The COVID-19 outbreak and subsequent public health interventions have depressed demand and disrupted supply chains for many fishing businesses. This paper provides an analysis of the COVID-19 impacts on the profitability of the EU fishing fleets. Nowcasting techniques were used to estimate the impact of the COVID-19 pandemic on the economic performance for the EU fishing fleet in 2020 and 2021. Our results show that the economic impact of COVID-19 on this sector was smaller than initially expected and overall profits remained positive. This was in part due to low fuel prices that reduced operating costs of fishing, and the early response from governments to support the sector. The results vary by fishing fleet, revealing that small-scale fleets and the fleets in the Mediterranean and Black seas have been more impacted than large-scale fleets and the fleets in the Northeast Atlantic.",

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author = "Griffin Carpenter and Natacha Carvalho and Jordi Guillen and Ra{\'u}l Prellezo and Sebasti{\'a}n Villasante and Jesper Andersen and {Avdic Mravlje}, Edo and J{\"o}rg Berkenhagen and Olivier Guyader and Emmet Jackson and Armelle Jung and Sophie Leonardi and {Le Grand}, Christelle and Heidi Pokki and Katrien Verl{\'e} and Jarno Virtanen and Ivana Vukov and Kolyo Zhelev",

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Carpenter, G, Carvalho, N, Guillen, J, Prellezo, R, Villasante, S, Andersen, J, Avdic Mravlje, E, Berkenhagen, J, Guyader, O, Jackson, E, Jung, A, Leonardi, S, Le Grand, C, Pokki, H, Verlé, K, Virtanen, J, Vukov, I & Zhelev, K 2023, 'The economic performance of the EU fishing fleet during the COVID-19 pandemic', Aquatic Living Resources, vol. 36, no. Special Issue, 2. https://doi.org/10.1051/alr/2022022

TY - JOUR

T1 - The economic performance of the EU fishing fleet during the COVID-19 pandemic

AU - Carpenter, Griffin

AU - Carvalho, Natacha

AU - Guillen, Jordi

AU - Prellezo, Raúl

AU - Villasante, Sebastián

AU - Andersen, Jesper

AU - Avdic Mravlje, Edo

AU - Berkenhagen, Jörg

AU - Guyader, Olivier

AU - Jackson, Emmet

AU - Jung, Armelle

AU - Leonardi, Sophie

AU - Le Grand, Christelle

AU - Pokki, Heidi

AU - Verlé, Katrien

AU - Virtanen, Jarno

AU - Vukov, Ivana

AU - Zhelev, Kolyo

PY - 2023/2/21

Y1 - 2023/2/21

N2 - The COVID-19 outbreak and subsequent public health interventions have depressed demand and disrupted supply chains for many fishing businesses. This paper provides an analysis of the COVID-19 impacts on the profitability of the EU fishing fleets. Nowcasting techniques were used to estimate the impact of the COVID-19 pandemic on the economic performance for the EU fishing fleet in 2020 and 2021. Our results show that the economic impact of COVID-19 on this sector was smaller than initially expected and overall profits remained positive. This was in part due to low fuel prices that reduced operating costs of fishing, and the early response from governments to support the sector. The results vary by fishing fleet, revealing that small-scale fleets and the fleets in the Mediterranean and Black seas have been more impacted than large-scale fleets and the fleets in the Northeast Atlantic.

AB - The COVID-19 outbreak and subsequent public health interventions have depressed demand and disrupted supply chains for many fishing businesses. This paper provides an analysis of the COVID-19 impacts on the profitability of the EU fishing fleets. Nowcasting techniques were used to estimate the impact of the COVID-19 pandemic on the economic performance for the EU fishing fleet in 2020 and 2021. Our results show that the economic impact of COVID-19 on this sector was smaller than initially expected and overall profits remained positive. This was in part due to low fuel prices that reduced operating costs of fishing, and the early response from governments to support the sector. The results vary by fishing fleet, revealing that small-scale fleets and the fleets in the Mediterranean and Black seas have been more impacted than large-scale fleets and the fleets in the Northeast Atlantic.

KW - COVID-19

KW - European Union

KW - economic impact

KW - fisheries

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M3 - A1: Web of Science-article

SN - 0990-7440

VL - 36

JO - Aquatic Living Resources

JF - Aquatic Living Resources

IS - Special Issue

M1 - 2

ER -

The economic performance of the EU fishing fleet during the COVID-19 pandemic

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