Vessels operate mainly in the GSA 17 - Northern Adriatic, GSA 10 - South and Central Tyrrhenian Sea and in GSA 19 - Western Ionian Sea.

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1 5.12 ITALY Short description of the national fleet Fleet capacity In 2015 the national fleet capacity continued to decline, with a total of vessels, having a combined gross tonnage (GT) of 164 thousand tonnes and engine power of thousand kilowatts (kw). In 2015, the proportion of inactive vessels represented 48% of the overall fleet. Fleet structure Small Scale Coastal Fleet consisting of vessels of less than 12 metres length overall using passive gears represents the backbone of the Italian fishing fleet, being composed by vessels and accounting for 66% of the total number of vessels in Large Scale Fleet accounts for 34% of total number of vessels and for 87% of total vessel tonnage. Employment In 2014, employment was estimated at jobs, corresponding to FTEs or an average of 1.6 FTE per vessel. After a long period of decreasing trend, in 2014 employment showed a slim increase of 1% in terms of number of employees and of 5% in terms of national full time equivalent. However, the average age of Italian fishers is quite high and over 50 years in , highlighting a problem of low generational turnover of the sector that is primarily artisanal and family-owned. Effort An estimated thousand days were spent at sea, with a decrease of 4% on The amount of energy consumed decreased 5% as a result of limitation of activity; in fact, for some fishing segments (i.e. trawlers) the increased trend in fuel costs forced changes in the management of fishing operations to contain costs. Vessels operate mainly in the GSA 17 - Northern Adriatic, GSA 10 - South and Central Tyrrhenian Sea and in GSA 19 - Western Ionian Sea. Production Landings increased 2% to thousand tonnes of seafood, with a landed value of 813 million, a 2% decrease on The fleet targets mainly pelagic species, with anchovy remaining the dominant species and generating the highest landed value ( 52 million), representing 6% of the landings value and 18% of landing weight. Seven species account for approximately 60% of the total landing volume of Italian fisheries: European pilchards (25.7 thousand tonnes), Striped venus (14 thousand tonnes), hake (8.7 thousand tonnes), deep water rose shrimp (7.6 thousand tonnes), red mullet (6 thousand tonnes), cuttlefish (6 thousand tonnes) and Spottail mantis squillid (5 thousand tonnes). In terms of landings value, a minimum of 10 species contribute to 50% of the total value. Hake is the species with the highest landing value ( 64 million), followed by European anchovy, Deep-water rose shrimp, Common cuttlefish and Giant red shrimp. Economic results for 2014 and recent trends National fleet performance In 2014, the economic performance of the Italian fleet improved compared to previous year. The total amount of Gross Value Added (GVA) and gross profit increased by 6% and by 15%, respectively. Net profit was 55.6 million with an increase of 102% on 2013, but still at very low levels compared to previous years highlighting a -53% on the average period This general trend confirms a weak recovery of the sector in In 2014, revenue was estimated at 824 million, further decreased 2% confirming the downward trend started in This reduction is mainly consequence of a decrease in income from landings as the other income items increased over the same period. Total operating costs further decreased by 7% as a consequence of a generalized decrease in all cost items, with the only exceptions of the unpaid labour value and Repair and maintenance costs which together accounts for less than 15% on total operational costs. Between 2008 and 2014, the cost structure has remained relatively constant, with a slight increase in labour cost and a decrease in other variable costs. 26 Findings of the national project: Analisi delle strutture produttive e delle caratteristiche socio-economiche delle marinerie italiane, Programma nazionale triennale della pesca e dell acquacoltura

2 The tangible asset value of the Italian fleet continued to decrease in 2014, showing a declining trend over the period Investments amounted to 22 million, a 46% increase on 2013 but still 54% lower than those registered in the period Resource productivity and efficiency indicators The gross profit margin in 2014 was 27.4%, a 13% increase on Net profit margin was estimated at 27.4% with an improvement of 106% on 2013 but remained low in comparison to the previous years. Similarly, the Rate of Return on Fixed Tangible Assets (RoFTA) improved in comparison to 2013 but remained lower than levels calculated prior than Labour productivity (GVA/FTE) remained relatively stable in 2014 as both GVA and the number of FTE increased by 5-6% on Fuel consumption per landed tonne has followed an irregular trend since 2008, and shows a decrease of 7% on Similarly, energy consumption per unit of effort (in days at sea) has followed a decreasing trend since 2011 thus highlighting a general improvement in fuel efficiency. Landings in weight per unit of effort has followed a decreasing trend since 2011 and increased a further 7% in Drivers affecting the economic performance trends Between 2008 and 2014, the Italian fleet was characterized by decreasing trends in all main productive indicators: landings weight decreased by 17% and landings value by 27%. Over the same period average landed prices (real) of top ten species decreased by 12%, landings weight and landings value reduced by 20% and 30% respectively. Operational costs decreased by 25% on the average period Although in 2014, the economic performance of the Italian fleet largely improved compared to 2013, main profitability indicators as Gross value added and Gross profit remain quite below those registered in the previous years. Gross value added and gross profit reduced by 26% and 31% on the average period , respectively. Over the same period, gross value added per FTE reduced by 25% and Return on fixed tangible assets by 30%. The reduction in production can be only partially justified by the contraction in capacity and effort, which reduced by 4% in the number of vessels and by 13% in days at sea over the same period. Lower volumes of landings can be considered the main driving forces behind the overall deterioration of the economic performance. Between 2008 and 2014, landing s weight of massive species as Striped Venus reduced by around 40%. In the case of small pelagic, European anchovy shows a reduction in landing s weight of about 30% offset by a corresponding increasing of European pilchards (+31%). Other target species reported reductions in landing s weight between -7% (Deep water rose shrimp) and -56% (Norway lobster), with the only exception of Giant red shrimp which reported an increase of 26% over the same period. Markets and Trade Italy has a negative trade balance in fresh fishery products, both in terms of volume and value. Between 2013 and 2014, total export quantity and value of fresh products increased by 10.7% and by 6.2% respectively (EUROSTAT). Over the same period, total import increased by around 5% in terms of weight and by 4.1% in terms of value. The Italian trade deficit of fresh products showed an increase of 3.5% reaching 615 million. Spain, Germany and France are the most important markets of Italian seafood products. The main products are anchovy, sardine and clam, which account for a 25% of all export in value. Management instruments Fisheries management in Italy, is primarily regulated by effort control, minimum conservation reference sizes (MCRS), closed areas (to protect sensitive habitats) or closed seasons (to protect juveniles or spawning stocks) and restrictions on gear construction (mesh size, gear dimensions, etc.). Management measures are implemented by mean of National Management Plans that have been adopted according to the MEDREG (Council Regulation (EC) No 1967/2006) requirements for certain fishing technique (demersal trawlers, purse seiners, pelagic trawlers and dredges) and by GSAs. The expected management measures concerning small-scale fishery will be focused on the possibility of enforcing property rights. Recently, through the provision of Article 37 of Regulation (EC) 1198/06 on the European Fisheries Fund - (EFF), which allows the possibility of financing the drafting of local management plans (LMPs) - local communities have been provided with an intervention tool that is totally innovative in relation to presently available management instruments. Currently, in Sicily, 10 local management plans have been adopted and implemented in September LMPs have been produced by associated groups of fishers, by consortia and Producers Organisations (OPs) that represent at least 70% of the vessels or fishing capacity of the area in which the plan is to be applied. Regional administrations are identified as Intermediate Bodies for promoting the implementation of plans by fishers. TACs and quotas Total initial available quota of Bluefin tuna for the Italian fleet in 2014 was tonnes, corresponding to 14% of total UE quota. The Italian quota was distributed among hooks (13.6%), purse seine (74.4%), trap (8.5%) and recreational 298

3 fishing (0.5%). For purse seine, fishery was allowed from 26 May to 24 June or until the exhaustion of quota. For recreational fishery, tuna fishery was allowed between 16 June and 14 October. Status of Key Stocks In 2013, 53 stocks in seven FAO Geographical Sub areas (GSA) out of 673 were assessed. According to the latest STECF and GFCM assessments, only six demersal stocks are currently being exploited at rates consistent with achieving MSY, namely Deep sea pink shrimp (P. longirostris) and Giant red shrimp (Aristaeomorpha foliacea) in the GSA 9 (Ligurian and North Tyrrhenian Sea), Red mullet (Mullus barbatus) and Deep sea pink shrimp (P.longirostris) in GSA 10 (South and Central Tyrrhenian Sea), red mullet (Mullus barbatus) in GSA 18 (Southern Adriatic Sea) and Norway lobster (Nephrops norvegicus) in Gsa 16 (South of Sicily). The latest assessments for the main small pelagic stocks in the area indicate that they are exploited unsustainably, with the only exception of sardine in GSA According to ICCAT, the stock status of Atlantic Bluefin Tuna derived from the 2014 updated assessment has improved in comparison to previous assessments, as F have declined during the recent years; accordingly, TAC has increased by 20.5% in 2015 (ICCAT REPORT (II). Innovation and Development Over the past few years, practices of direct sales (in particular trough e-commerce) have become widespread, as for red shrimp in Sicily or fishery product of small scale fishery in Tuscany. Other producer s organizations obtained partnerships with big retailers as for some cooperatives in Apulia. In some cases, many producer s organization are also responsible for other stages of processing as gutting and filleting with the aim to increase the value added of products. Performance by fishing activity Small-scale fleet Small-scale fleet (vessels under 12m using passive gears) in Italy play a significant social and economic role: they constitute more than 65% of the fishing fleet, employ at least 50% of those workers directly engaged in fishing activity and account for approximately 25% of the total landing value from capture fisheries This fleet is homogeneously distributed among the seven Italian Geographical subareas. The main patterns of this fleet are the family business organisation, area of operation close to landing points (<10 nm), use of one or more passive gears, limited daily landings (30 Kg/day), high quality of the landings and high selling price. In 2014 both landings weight and landings value slightly increased by 2% compared to However, production remains quite below the levels of the period : -15% in terms of weight and -27% in terms of value of landings. The reduction of production in fact was not offset by an increase in prices, that remained quite stable over the period considered. Consequently, vessel productivity (landing value per vessel) remained quite low around 27 thousands, 25% lower than those registered in the period Operational costs decreased 5% on This tendency was mainly affected by a decrease in energy costs which accounted for 43% on total operational costs and decreased by 53% between 2013 and The major reason of the drop in fuel cost is due to the downfall in fuel consumption (-55% on 2013). Days at sea decreased by 6% on 2013 and by 13% on the average period Between 2013 and 2014 fuel price continued to decline with a reduction from 0.75 /l to 0.70 /. Landings in weight per unit of effort increased despite the decrease in effort (days at sea). The economic performance of the Italian small scale fleet increased compared to previous year. The total amount of Gross Value Added (GVA) and gross profit increased by 41% and by 77%, respectively. Although economic indicators improved during 2014, the economic performance indicators are still lower than those registered in the period , highlighting a timid resumption of this sector, characterized by decreasing trends in number of vessels, Vessel productivity (landing value per vessel), number of employees and salaries. Large-scale fleet Large-scale fleet includes trawlers, dredgers, purse seiners and pelagic trawlers. This fleet is mainly composed by demersal trawlers 12-18m and 18-24m., which accounted for 33% and 17% of vessel s number over 12m. A 34% of larger vessels is concentrated in GSA 17 (Northern Adriatic Sea), followed by in GSA 16 (South of Sicily) with 12% and GSA 18 (Southern Adriatic Sea) with 13%. In 2014, the economic performance of this fleet was positive with values similar to those registered in the previous year. Gross profit and net profit are stable from 2013 to 2014, while GVA shows a reduction by 5%. The fleet, which number is almost the same as in the previous year, has registered an increase by 2% in the weight of landings and a decrease in its value by 4%. Given the predominance of the share contract in the Italian fishing sector, the reduction in landings value combined with an increase in energy cost by 5% resulted in a decrease of labour cost by 10%. In the period the fleet shows a negative economic trend. Gross profit and net profit in 2014 are lower than the average values of the period by 25 and 44% respectively. This is only partially due to the decreasing trend in the number of vessels and the reduced days at sea, while the main factor is the negative trend in the average price of landings. In 27 STECF Assessment of Mediterranean Sea stocks - part 1 (STECF-14-17), (STECF-15-06), (STECF-15-18) and Annuario Sullo stato delle Risorse e sulle strutture Produttive dei mari italiani, Fig pag

4 2014, landings in weight and value are below the average value of the period by 15 and 26%, respectively. Average landings price decreased by 17% from 2008 to This negative trend can be related to the changes in landing composition: the incidence on total volume of small pelagic species rose from 25% in 2008 to 33% in On the contrary, species with high average landing prices decreased. For example swordfish and common cuttlefish showed a substantial decrease during the period both in terms of weight (around -30% on 2008) and in value (-30/- 40% on 2008). Over the same period landings weight of Norway lobster and striped venus reduced by 56 and 43%, respectively. More generally, between 2008 and 2014, landings weight and value of some target species incurred in large reductions in the same way as we observed for the whole Italian fleet, consequently, larger vessels reported a relatively poor economic performance, compared with smaller vessels. Distant-water fleet Italian vessels generally operating in distant-water were inactive in 2014 as a consequence of a lack of international agreements. Those vessels are included in the inactive fleet for Performance results of selected fleet segments Fleet Segment Level Economic performance The Italian fleet is highly diversified with a broad range of vessel types targeting different species predominantly in the Adriatic and Southern Tyrrhenian Seas. The national fleet consisted of 23 (DCF) fleet segments in 2014 and seven inactive length classes consisting of vessels. Five of the active fleet segments made losses in 2014, while 18 made overall net profits. Passive gears polyvalent 6-12m: In 2014, the landings of passive gears 6-12m amounted to 19% of total national landings in value and 20% in volume. Landings from this segment amounted to tonnes, corresponding to almost 160 million. This fleet segment is the most relevant in terms of both landings value and employment, with vessels employing FTEs. In 2014, each vessel was active for 126 days at sea on average, a decrease of 5% compared to Landings are dominated by cuttlefish, which amounted to more than 2 thousand tonnes (9% of total fleet segment landings), equivalent to 17 million in value (11% of total fleet segment revenues). The next most important species are European hake and common octopus accounted for 5% of landings in weight each and 7% and 5% in value respectively. The fleet segment was profitable in 2014, with a reported gross profit of around 47 million and a net profit of more than 14 million, equivalent to a net profit margin of 9.1%. Demersal trawl / seine 12-18m: The second most productive fleet in terms of landings value ( 158 million in 2014) consists of vessels operating mostly with bottom trawls and beam trawls. These vessels represent 10% of the entire Italian fleet in terms of vessels number, contributing 13% of the volume and 19% of the landings value of the national fleet. Between 2013 and 2014, landings in value generated by this segment decreased by 14%. The level of activity decreased 10% in 2014, achieving an average of 136 days at sea per vessel. From 2013 to 2014, gross profit and net profit decreased 14% and 23% respectively mainly due to a decrease by 14% in landings value. The main species for this fleet segment is European hake with tonnes landed and a value of around 15 million in The second most important species in terms of landed value is deep-water rose shrimp, with tonnes and a value of 13.5 million. Other important species are spottail mantis squillid, red mullet and blue and red shrimp accounting for 7% of total landings value each. Demersal trawl / seine 18-24m: In 2014, this fleet segment consisted of 632 vessels, 1% less than the previous year. These vessels target both demersal and pelagic species. The most important species are European hake and deep water rose shrimp, accounting for 14 and 12% of total landings value respectively. Other important species are Norway lobster and red mullet, which contributed to total landings value for 7% each. The total value of landings, decreased by 3% from 2013 to 2014, amounted to around 152 million and contributed to 19% of the total Italian landings value. In 2014, FTEs were employed in the fleet segment, contributing for 12% to the total national FTEs. In the same year, the fleet segment registered a gross profit of 36.4 million, with a reduction by 7% if compared with the previous year. Demersal trawl / seine 24-40m: In 2014, this fleet segment represented 2% of the total Italian fleet in number, but accounted for 5% of the total Italian landing weight and 10% of total Italian landings value. The main target species are giant red shrimp and deep water rose shrimp, which account for more than a half of total landings value (31 and 22% respectively). Other important species are Norway lobster and European hake, which contributed to total landings value for 9 and 8% respectively. In 2014, the fleet segment employed FTEs, 4% less than the same data registered in In the same year, the fleet segment registered a net loss of 13 million, confirming the negative trend registered in the previous years. Dredges 12-18m: In 2014, there were 706 vessels operating predominantly around the Central-Northern Adriatic coast (GSA 17), employing 485 FTEs. This fishery targets almost exclusively clams and is co-managed at compartment level by local consortia. In 2014, total landings amounted to tonnes, corresponding to around 40 million. The performance of this fleet is highly variable due to cyclic abundance of clams. In 2014, hydraulic dredges operated for 78 days on average, 8% more than the average activity registered in Between 2013 and 2014, production levels decreased both in weight (-5%) and in value (-9%). The fleet segment was profitable in 2014, with a gross profit of 13.7 million and a net profit of around 3.2 million, equivalent to a net profit margin of 8%. However, net profit confirms the negative trend registered in the last years with a reduction of almost 50% from 2013 to

5 Projections for 2015 and outlook In 2015 the Commission proposed EU multiannual plan for anchovy and sardine in the northern Adriatic Sea and a plan for demersal species in the north-western Mediterranean Sea. The landing obligation included under Article 15 of Regulation (EU) No 1380/2013 stipulates the progressive elimination of discards. The time-frame for implementation of the landing obligation has been set on a phased basis: (i) as from 1 January 2015 for pelagic species; (ii) as from 1 January 2017 for species which define the demersal fisheries; and (iii) as from 1 January 2019 for other all species subject to minimum sizes. A discard plan for small pelagic fisheries in the Mediterranean Sea was established by the Commission Delegated Regulation (EU) No 1392/2014. This Regulation specifies the details for implementing the landing obligation from 1 January 2015 in the Mediterranean Sea to all catches of species which are subject to minimum sizes in the small pelagic fisheries using mid-water pelagic trawl and purse seine as fishing gears. Even though 2015 data on the effects of the Regulation on small pelagic fisheries in Italy are still not available, potential additional costs can be assumed for the management of discards on board and after landing. On board, additional time for sorting and boxing (potential additional labour costs), and conservation costs for ice and cold storage can be expected. Once discards are landed, costs of transport and conservation are expected as well as costs for disposal when landed discards will not find alternative uses than becoming a special waste 28. Data issues No relevant data issues have been detected for drafting the national chapter and the coverage and quality of MS data appears to be good. 28 Main conclusions from MAREA: Mediterranean Halieutic Resources Evaluation and Advice, SPECIFIC CONTRACT N 11: "IMPLICATIONS OF THE IMPLEMENTATION OF THE LANDING OBLIGATIONS PROVISIONS IN SMALL PELAGIC FISHERIES IN MEDITERRANEAN" Contract number MARE/2009/05-Lot 1) 301

6 Data source: MS data submissions under the DCF 2016 Fleet Economic (MARE/A3/AC(2016)); All monetary values have been adjusted for inflation; constant prices (2015). Figure 5.11 Italy: Main trends in economic performance indicators (absolute value, panel 1a/top left and relative value, panel 1b/top right); cost structure (panel 2a); productivity (panel 2b); key input/outputs (panel 3a); efficiency (panel 3b); landings (panel 4a); average price of top species (panel 4b). 302

7 Table 5.48 Italy: National fleet statistics and economic performance results. Data source: MS data submissions under the DCF 2016 Fleet Economic (MARE/A3/AC(2016)); All monetary values have been adjusted for inflation; constant prices (2015). Data for 2015 are projected Trend 2014 to to avg Total number of vessels (#) 13,518 13,359 13,348 13,285 12,942 12,746 12,689 12,426 0% -4% Number of Inactive vessels_ms (#) 1,163 1,109 1,153 1,126 1,150 1,214 1,134 1,098-7% -2% Vessel tonnage (thousand GT) % -10% Engine power (thousand kw) 1, , , , , , , , % -6% Average vessel age (year) % 6% Average vessel length (metre) % -1% Enterprises with one vessel (#) 8,929 7,702 7,787 7,775 7,669 7,179 6,963 6,838-3% -11% Enterprises with 2 to 5 vessels (#) ,270 1, % -1% Enterprises with more than 5 vessels (#) % 0% FTE (#) 21,456 21,414 21,169 20,740 20,693 19,749 20,694 5% -1% Total employed (person) 29,604 29,222 29,222 28,964 28,292 26,758 26,932 26,374 1% -6% Days at sea (thousand day) 1,591 1,783 1,669 1,749 1,556 1,494 1,433-4% -13% Fishing days (thousand day) 1,530 1,752 1,646 1,715 1,538 1,581 1,530-3% -6% Number of fishing trips (thousand) 1,544 1,784 1,634 1,728 1,552 1,536 1,420-8% -13% Energy consumption (million litre) % -22% Live weight of landings (thousand tonne) % -17% Value of landings (million ) 1, , , , % -27% Income from landings (million ) 1, , , , % -27% Other income (million ) % 14% Direct income subsidies (million ) % -1% Income from leasing fishing rights (million ) % 125% Wages and salaries of crew (million ) % -26% Unpaid labour value (million ) % 2% Energy costs (million ) % -19% Repair & maintenance costs (million ) % -19% Other variable costs (million ) % -48% Other non-variable costs (million ) % -20% Annual depreciation costs (million ) % -19% Rights costs (million ) % Opportunity cost of capital (million ) % -13% Tangible asset value (million ) % -21% Investments (million ) % -54% Financial position (%) % -5% Gross Value Added (million ) % -26% GVA to revenue (%) % 1% Gross profit (million ) % -31% Gross profit margin (%) % -4% Net profit (million ) % -53% Net profit margin (%) % -32% GVA per FTE (thousand ) % -25% Return on fixed tangible assets (%) % -30% 303

8 Table 5.49 Italy: National fleet statistics and economic performance results by fishing activity. Data source: MS data submissions under the DCF 2016 Fleet Economic (MARE/A3/AC(2016)); All monetary values have been adjusted for inflation; constant prices (2015). SSF LSF DWF Trend SSCF to 2014 to 2013 avg Trend LSF to to 2013 avg Total number of vessels (#) 7,885 7,846 7,837 7,866 7,689 7,638 7,611 4,452 4,386 4,351 4,286 4,099 3,894 3, % -2% 1% -7% Vessel tonnage (thousand GT) % -1% 0% -10% Engine power (thousand kw) % -1% 1% -8% FTE (#) 9,384 9,757 9,865 10,036 9,779 9,706 9,379 11,923 11,559 11,242 10,638 10,890 10,043 11, % -4% 13% 2% Total employed (person) 13,722 13,698 14,094 14,050 13,856 13,275 13,114 15,627 15,269 14,888 14,675 14,361 13,483 13, % -5% 2% -6% Days at sea (thousand day) 989 1,152 1,070 1,178 1, % -13% -1% -12% Fishing days (thousand day) 967 1,152 1,070 1,167 1,033 1,078 1, % -5% 0% -9% Number of fishing trips (thousand) 1,006 1,217 1,098 1,212 1,074 1, % -14% -1% -9% Energy consumption (million litre) % -49% 10% -16% Live weight of landings (thousand tonne) % -15% 2% -15% Value of landings (million ) % -27% -4% -26% Income from landings (million ) % -27% -4% -26% Other income (million ) % -94% 172% 113% Direct income subsidies (million ) % -70% 35% 1% Wages and salaries of crew (million ) % -14% -10% -28% Unpaid labour value (million ) % 3% -1% -8% Energy costs (million ) % -44% 5% -14% Repair & maintenance costs (million ) % -30% 2% -13% Other variable costs (million ) % -55% -23% -45% Other non-variable costs (million ) % 8% 5% -29% Annual depreciation costs (million ) % -11% 3% -19% Opportunity cost of capital (million ) % -2% -10% -14% Tangible asset value (million ) % -11% 0% -23% Investments (million ) % 1% 96% -64% Gross Value Added (million ) % -22% -5% -27% GVA to revenue (%) % 10% -1% -2% Gross profit (million ) % -37% 1% -25% Gross profit margin (%) % -9% 5% 0% Net profit (million ) % -56% -1% -44% Net profit margin (%) % -34% 2% -22% GVA per FTE (thousand ) % -19% -15% -28% 304

9 Table 5.50 Italy: National fleet statistics and economic performance results by fleet segment. Data source: MS data submissions under the DCF 2016 Fleet Economic (MARE/A3/AC(2016)); All monetary values have been adjusted for inflation; constant prices (2015). Energy Total number of vessels FTE consumed per landed Days at sea tonne Live weight of landings Value of landings Revenue Gross Value Added GVA to revenue Gross profit Gross profit margin Net profit Net profit margin Average wage per FTE GVA per FTE (labour productivity) Return on fixed tangible assets (#) (#) (day) (litre/tonne) (tonne) (thousand ) (thousand ) (thousand ) (%) (thousand ) (%) (thousand ) (%) (thousand ) (thousand ) (%) ITA A37 DTS1218 1,254 3, ,652 3,286 23, , ,592 80, , , High 2% Stable ITA A37 PGP0612 5,297 7, ,877 1,255 22, , , , , , Reasonable -36% Deteriorated ITA A37 DTS , ,577 3,472 25, , ,127 67, , Reasonable -95% Deteriorated ITA A37 DTS ,142 32,990 5,348 9,076 77,450 78,927 31, , , Weak -66% Deteriorated ITA A37 PGP0006 2,300 2, , ,794 43,598 43,598 31, , , High -21% Deteriorated ITA A37 DRB , ,614 39,679 39,831 28, , , Reasonable -60% Deteriorated ITA A37 PGP ,099 1,633 3,786 29,020 29,038 18, , , Reasonable -52% Deteriorated ITA A37 TM , ,603 22,480 23,020 9, , , Weak -993% Deteriorated ITA A37 HOK ,692 1,327 2,738 18,669 18,669 11, , , High 15% Improved ITA A37 PS40XX ,319 15,185 15,185 13, , , High 170% Improved ITA A37 PS , ,348 15,090 15,090 9, , , High 11% Improved ITA A37 PS , ,769 13,331 13,342 8, , , High 2675% Improved ITA A37 PS , ,868 11,546 11,654 7, , Reasonable 100% Improved ITA A37 TM , ,709 10,698 10,884 7, , , High 125% Improved ITA A37 TM , ,707 10,039 10,518 4, , Reasonable 38% Improved ITA A37 DTS ,792 1,898 1,495 9,481 9,555 5, , Reasonable -27% Deteriorated ITA A37 TBB ,804 3,795 1,312 8,656 8,935 3, , Weak ITA A37 HOK ,035 1, ,749 6,749 4, , , Weak -1240% Deteriorated ITA A37 TBB ,360 2,192 1,618 5,724 5,779 2, Weak -324% Deteriorated ITA A37 PMP ,790 1, ,865 2,881 1, High 67% Improved ITA A37 TBB ,064 1, ,653 1, Reasonable -77% Deteriorated ITA A37 PS ,162 1, High ITA A37 PMP , ,050 1, High Profitability (2014) Net profit margin % average ( ) Economic development trend 305

10 Table 5.51 Italy: Landed value, weight and average price of principal species. Data source: MS data submissions under the DCF 2016 Fleet Economic (MARE/A3/AC(2016)); All monetary values have been adjusted for inflation; constant prices (2015). Value of landings (real) Live weight of landings Average landed price (real) (thousand ) (tonne) ( ) European hake European anchovy Deep-water rose shrimp Common cuttlefish Giant red shrimp Striped venus Swordfish Norway lobster Red mullet Spottail mantis squillid