Wednesday, 17 July 2024
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FishingWorld

Nearly £200 million worth of fish are brought in at Peterhead

  • The value of fish landings at Peterhead has increased by more than 10%.
  • The port is responsible for the majority of the nation’s tonnage, approximately 53.6%.
  • More than £480 million worth of landings were made in Scotland in 2022, an increase of 9.9%.

The value of fish landings at Peterhead has increased by more than 10%, above the national average. Fish were brought in for £191.1 million at Peterhead last year, an increase of 10.5% from the year before.

The port/district is responsible for the majority of the nation’s tonnage, approximately 53.6%, and for almost 40% of the overall value of the nation’s fish landings.

Peterhead

That’s because many smaller ports and districts specialize in higher-value fish that are sold as shellfish, while the majority of fish that arrive at Peterhead are demersal and pelagic fish.

At £76 million, or almost 40% of the total, mackerel turned out to be the species with the highest value. Herring was valued at £17.2 million, and nephrops were worth £23 million.

More than £480 million worth of landings were made in Scotland in 2022, an increase of 9.9%. To 289,000 tonnes, volume increased by 2.5%.

Although a 10.5% increase in value indicates a very strong year for fish landings at Peterhead, inflation is largely responsible. Real growth in the value of Peterhead fish landings is estimated to be 1.9% once annual inflation is taken into account.

Due to the detrimental impacts of the COVID-19 epidemic on the industry, economic researcher Tony Mackay highlighted the enormous size of certain fishing vessels in Peterhead’s harbor.

The epidemic decreased the demand for fish and made it challenging for fishermen to plan expeditions, but it now appears that a slight return is happening.

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