1 of 19

Fishing Industry in Maldives

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

Department of Economics - St.Philomena’s College

2 of 19

Introduction

  • The largest group of islands in the world
  • The 1,190 islands, consisting of 26 atoll formations,
  • Scattered across the equator in the middle of the Indian Ocean,
  • spread over 90,000 square kilometers,  &

99% of the Maldives is made up of sea

  • Leading economic sectors: Tourism, Fishing, Agriculture and cottage
  • Pupolation: 328,536

​

  • GDP (PPP) : $2.841 billion estimated 2011
  • GDP(nominal): $1.944 billion estimated 2011

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

3 of 19

Fishing in Maldives

  • Traditionally fishing is the main occupation and major livelihood of the Maldivians.
  • the second largest industry in the Maldives
  • methods of fishing are pole and line for skipjack tuna
  • The main fish products exported are; frozen fish, canned fish, dried fish and salted dry fish
  • In the past Maldives tuna exported to Sri Lanka in the form of dried or smoked
  • In 1971 Maldives also fish products to Japan and Thailand.

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

4 of 19

Fishing Types

  • Skipjack Tuna

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

5 of 19

Fishing Types

  • Yellow Fine Tuna

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

6 of 19

Fishing Types

  • Frigate Tuna

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

7 of 19

Fishing Types

  • Kawakawa

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

8 of 19

Fishing Methods

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

9 of 19

Methods

  • Use of Fishing net is illegal
  • This believed Dolphin friendly method
  • Pole and Line Fishing

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

10 of 19

Economic Contribution

  • This sector employs about 20% of the labor force
  • Past 20 years Contribute about 3% to 10% of GDP
  •  Production was about 100,000 metric tons in 2010
  •   More than 40% is exported
  •  96% of the country’s total physical exports worth 74 Millions US$ (nominal)
  •  Main Trading Partners:
  • Europe, Asia, and North America

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

11 of 19

Economic Contribution

Description of the Product

Quantity (Kg)

Value (MRF)

Price per kg (MRF/kg)

Frozen Skipjack Or Stripe-Bellied Bonito

16,352,427.70

235,959,209.05

14.43

Dried Skipjack (Maldive Fish)

3,807,397.10

143,172,548.01

37.60

Salted Dried Skipjack

1,621,606.95

15,891,815.47

9.80

Prepared, Preserved Skipjack

688,013.78

36,528,655.51

53.09

Fish Chips ( Skipjack , Tuna ) Dried

44,692.00

1,038,371.70

23.23

Fresh Or Chilled Skipjack Loins

134.75

5,066.61

37.60

Fresh Or Chilled Skipjack Or Stripe-Bellied Bonito

10.04

232.20

23.13

Export of skipjack tuna products by quantity and value (MRF) in 2010

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

12 of 19

Economic Contribution

Percentage share of skipjack tuna export to countries by weight in 2010

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

13 of 19

Two Critical Participants

  • Maldives Industrial Fisheries Company Ltd (MIFCO)
  • Horizon Fisheries Company Pvt Ltd

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

14 of 19

Fisheries management

  • Ministry of fisheries Agriculture & marine resources
  • In 1987 fisheries Act was ratified
  • In 1980s started to marked fisherman day
  • In 1990s Maldives Industrial Fisheries Company Ltd (MIFCO) was established

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

15 of 19

Fisheries management

  • In 1990s introduction of Fish Aggregating Device (FADs)
  • Opening the Maldives Economic Exclusive Zone (EEZ) aroud 200miles)
  • In 2000s the sector was opened for private investment
  • In 2011 Oil Subsidies was given to fisherman

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

16 of 19

Presidential Quotes

"Fishing is the lifeblood of our nation” President Maumoon Abdul Gayoom

“Fishing industry is still one of the main income sources in the Maldives” President Mohamed Nasheed

"Maldives would be the first country to be a Marine Reserve”

President Dr.Mohamed Waheed

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

17 of 19

Before Ending….

  • The Maldivian fishery is mainly a tuna based fishery
  • Second Largest Economic Activity
  • Low harvest and the amount of catch dropped…
  • The local Fishers Suspect the large amount of foreign unlicensed vessel operate in Maldivian EEZ
  •  Somali pirates operate in the Indian

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

18 of 19

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​

19 of 19

“The industry needs modernization and new technology to keep pace with the global economic development”

Prepared by: Mohamed Afrah, St.Philomena’s Collage 31-08-2012 @afeyafra

​

​