For more information about life cycle analysis of seabass and seabream production in the Mediterranean we invite you to consult the chapter 4 of the Deliverable 1.2 – Assessment of Mediterranean Aquaculture Sustainability
The authors of this post and MedAID partners in WP6 “Improving business performance and development of strategic marketing plans” will be available all this week (4 to 8 March 2019) to answer questions, clarify doubts and reply to any comments you may have.
This brief text aims to highlight some of the most common economic indicators used to assess the economic performance of aquaculture production, both from the point of view of the industry as a whole, and from the point of view of aquaculture companies*.
In economics, there is no consensus on which indicator would best determine the economic performance of a sector or company. Indeed, there are used several indicators depending on what is the focus of interest (e.g. the society or the companies) and data availability. Different indicators are usually used or combined depending on the object of analysis. The same profitability indicator used to analyse the economic performance of the investments made, is not suitable to study the economic performance for the owners of the company.
In order to show the main indicators in a simple and clear way, we have divided the text into three sections. Firstly, we describe some of the main indicators used to analyse the economic situation at industry level. Next, we highlight the importance of the relative indicators as a tool to develop comparisons between different countries, production systems or types of companies. Finally, although all the indicators mentioned in the two first sections are also used in the economic analyses at company level, we dedicate the third section to explain other relative indicators that are very important when analysing the economic performance of aquaculture companies.Continue reading