Portal de Periódicos da CAPES

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

2023; EDP Sciences; Volume: 36; Linguagem: Inglês

10.1051/alr/2022022

1765-2952

G. D. Hale Carpenter, Natacha Carvalho, Jordi Guillén, Raúl Prellezo, Sebastián Villasante, Jesper Levring Andersen, Edo Avdic Mravlje, Jörg Berkenhagen, Cécile Brigaudeau, Brian Burke, Angel Calvo Santos, Suzana Cano, Franca Contini, José María Da Rocha, Irina Davidjuka, Francisco Manuel Fernández Martínez, Ignacio Fontaneda-López, Monica Gambino, Elena Garcia Caballero, Olivier Guyader, Jeppe Herring, Geert Hoekstra, Myrto Ioannou, Emmet Jackson, Armelle Jung, Edvardas Kazlauskas, Michael Keatinge, Emil Kuzebski, Sophie Léonardi, Christelle Le Grand, Janek Lees, Carmen Margarita Mancebo-Robledo, Marie-Dominique Minne, Arie Mol, Marta Moran Quintana, Simona Nicheva, Heidi Pokki, João Ramos Do Ó, Alexandre Rodríguez, Rosaria Felicità Sabatella, Andrew Sciberras, Arnaud Souffez, Constantin Stroie, Hanna Swahnberg, Irene Tzouramani, Maria Valiente Viana, Katrien Verlé, Jarno Virtanen, Ivana Vukov, Kolyo Zhelev,

Marine Bivalve and Aquaculture Studies

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.