The long-term commercial landings of rock shrimp (Fig.1) harvested from the Gulf of Mexico Region are shown in Fig. 2. The commercial landings databases are compiled from the NOAA Fisheries website. On average, about 708,000 pounds of rock shrimp were landed each year, valued at $1.72 million annually, during the past six years after the Deepwater Horizon oil spill.
Since 2011, the Gulf of Mexico states provided most of the domestic market for rock shrimp. The domestic market share of the Gulf rock shrimp fishery rose from 69.5 percent in 2011 to 100 percent in 2016.
In 2016, Florida West Coast landed 80 percent of the domestic landings of rock shrimp. Alabama harvested 13 percent. Texas and Mississippi produced six and one percent, respectively.
The dockside prices (EVP) of rock shrimp in the Gulf of Mexico states averaged about $2.41 per pound during the past six years. The ex-vessel prices were deflated by the consumer price index (2016=100). The average EVP of rock shrimp in the entire United States averaged slightly lower at $2.22 per pound during the past six years after the oil spill.
MarketMaker Seafood Businesses
In 2016, the Gulf-wide commercial landings of rock shrimp reached 480,289 pounds with dockside values about $1,166.981. Rock shrimp are harvested year-round with peaks between May and September. More than 12,000 businesses which catch, process, and sell seafood products are registered in MarketMaker nationwide. There are more than 200 businesses which promote their seafood products and services in Mississippi MarketMaker.
To search for seafood businesses in MarketMaker, perform the following procedures:
- Go to https://ms.foodmarketmaker.com/main/mmsearch/
- Click “search” and type “Seafood” in the product box.
- You can sort the search results by relevance and name.
- You can also limit online searches by state, and type of business.
The economic contribution that the commercial rock shrimp fishing makes region-wide is crucial information in making private investment decisions, formulating government policy, and developing research and extension programs for the industry. The IMPLAN (http://implan.com/) software and the 2013 input-output data for the five Gulf States were used in creating the regional economic model of commercial fishing in the Gulf of Mexico in 2016. The economic analysis used sector 17 or commercial fishing of the 2013 IMPLAN input-output data.
The annual commercial dockside values of rock shrimp in the Gulf of Mexico states in 2016 reached $1.166 million, which was about 68 percent of the average dockside values in the region since 2011. The total output contribution of commercial rock shrimp fishing in 2016 reached $2.227. This output of goods and service created by the rock shrimp commercial fishing and related industries supported 31 jobs and generated labor income amounting to $0.798 million in the Gulf regional economy.
The rock shrimp commercial fishing industry generates annual tax revenues for the Gulf States and the U.S. federal government. It was estimated that more than $136,000 would have been paid by households and businesses in 2016 to the federal government as social insurance tax, tax on production and imports, corporate profit tax, and personal income tax. The Gulf States were anticipated to have collected taxes from households and businesses in 2016 amounting to more than $66,700 in social insurance tax, tax on production and imports, corporate profits tax, and personal tax.
Posadas, Benedict C., and Amanda E. Jefferson. Commercial rock shrimp fishing. Mississippi MarketMaker Newsletter, Vol. 9, No. 5. May 29, 2019. http://extension.msstate.edu/newsletters/mississippi-marketmaker.