NOAA recently released its 17th annual Fisheries Economics of the United States (FEUS) report.
Fisheries Economics of the United States, 2022 highlights the contributions of U.S. fisheries to the national economy. This year’s report uses a shorter format, and covers the years 2013 to 2022.
Total landings revenues in 2022 decreased 16 percent to $5.9 billion dollars from 2021. The report cites falling prices as the primary factor leading to the decline.
Landings volume declined 3 percent to 8.3 billion pounds. Landings volumes of Alaska pollock, American lobster, Pacific salmon, and sea scallops decreased while volumes increased for menhaden, sablefish, and tunas.
The average landings price level returned to roughly the average price level seen in the years leading up to the pandemic.
Alaska pollock, Gulf shrimp, American lobster, and sea scallops experienced lower landings prices in 2022. Pacific cod and Pacific salmon prices increased.
Key U.S, commercial species listed in the report include Alaska pollock, American lobster, blue crab, menhaden (inedible) Pacific halibut, Pacific salmon, sablefish, sea scallop, shrimp, and tunas.
source: National Marine Fisheries Service. 2024. Fisheries Economics of the United States, 2022.
U.S. Dept. of Commerce, NOAA Tech. Memo. NMFS-F/SPO-248, 28 p.
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