A STUDY ON THE GLOBAL SCENARIO OF THE AQUACULTURE INDUSTRY

The aquaculture industry is one of the most promising sectors in the world. It has a long history of cultivation. The industry provides both economic activity and food security to the world. The aquaculture sector is especially crucial for Sustainable Development Goal 14 Conserve and sustainably utilise the oceans, seas, and marine resources for sustainable development. With its scope and others, the sector may contribute to the achievement of all of the Sustainable Development Goals. In this study, we focussed on global fisheries and aquaculture production from various regions of the world, Consumption and utilisation of the production, employment of the industry and trade of the production. From the analysis, it is observed that in the production segment among the five regions of the world, Asia has the lion's share in production as well as employment. Oceania has the least production region in the world. China has occupying a major producing country in all nations. In 2018, international trade in fisheries and aquaculture was 67 million tonnes, accounting for 38% of total production. A total of 221 states and territories reported fish trading activities, exposing approximately 78% of fish and fishery items to international trade competition.

___________________________________________________________________________________

 

Keywords: Aquaculture Industry, Global Production, Consumption, Employment, Trade.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download