In 2014, the total income of the 1,789 fishery businesses in Finland amounted to EUR 957 million. The overall added value by the fishery industry was EUR 153 million, and the businesses provided employment equivalent to 2,827 person-years.
Fishing companies accounted for 72 percent of all fishery businesses. In terms of returns and the number of employees, the largest sector was fish processing. The majority (72 percent) of the businesses in the industry were fishing companies. The total returns of all fishery sectors were three percent more than in 2013. Fish trade and processing are rather centralised. Over the last few years, this has also become true of the fishing and aquaculture sectors.
Fish processing accounted for the largest share (38 percent) of jobs in the industry. The number of person-years declined in primary production, but increased in fish processing and the wholesale sector.
Fish processing is the largest sector in the fishery industry
Income declined in primary production, i.e. fishing and aquaculture, while in the fish trade they were at the same level as in 2013. Income in the fish processing have grown significantly in recent years (Figure 1). In 2014, fish processing businesses accounted for the largest total income in the fishery industry: EUR 399 million.
Net profit from fishing decreased
The financial data for commercial marine fishing in 2014 has now been published on the EconomyDoctor website and statistics database of the National Resources Institute Finland. In 2014, there were 1,295 marine fishing companies in Finland. The majority of fishing companies were coastal fishing enterprises using vessels under 12 metres in length. A total of 68 percent of all fishermen were coastal fishermen with an annual turnover of less than EUR 8,500.
The total income of fishing companies in 2014 amounted to EUR 40 million. The total income of small-scale inshore fishermen and large trawlers were down, while the income of large-scale inshore fishing companies and small trawlers were up. The decline in the export of herring and sprat to Russia in 2014 had a negative impact on the income of large trawlers.
Net profit from fishing decreased, but coastal fishermen with a turnover of above EUR 8,500 had the best result. Small trawlers also had a positive net result, while small-scale coastal fishermen and large trawlers made a loss in 2014. Total net investments by fishermen in 2014 amounted to around EUR 10 million. The largest net investments were made by small trawlers (EUR 5 million) and large coastal fishermen (EUR 4 million). With the exception of large trawlers, the solvency of fishing companies was good, and their liquidity was satisfactory.
Fish processing and fish wholesale and retail now included on the EconomyDoctor website and the statistics database
Key financial indicators of full-time fish processing and fish wholesale and retail companies are now being published for the first time on the National Resources Institute Finland’s EconomyDoctor website under Kalanjalostus and kalakauppa (Fish processing and fish wholesale and retail) and in the statistics database. The website presents key financial figures for the period 2008−2014 in Finnish, Swedish and English. Companies’ financial indicators may be viewed according to the size of the company.