Since 2004, the PIFSC Socioeconomics Program – in collaboration with the NOAA Observer Program managed by the Pacific Islands Regional Office (PIRO) – has maintained an ongoing trip-level economic data collection program for Hawaii longline fisheries. The establishment of this routine economic data collection program provides timely information to support management of these fisheries. Economic data collected are used for (but not limited to): 1) Assessing the economic viability and stability of the fisheries; 2) Measuring the economic importance to local economies and the value of fisheries; and 3) Analyzing the economic impacts of various policy options.
Trip costs for Hawaii longline tuna fishing trips, 2004-2015
An average tuna trip cost about $25,500 in 2015, excluding labor costs. Over the period 2004-2015, the average trip cost in the Hawaii tuna longline fishery nearly doubled (in nominal value), from $13,800 per trip to $25,500 per trip, due primarily to increases in fuel prices. In 2004, fuel costs made up about 46% of total trip costs, whereas it comprised 54% in 2015. Average tuna trip costs have increased gradually over time, peaking in 2012. In 2012, the average yearly fuel price as reported by fishermen reached a high of $3.90 per gallon (average consumer prices as reported by AAA was $4.78/gallon at the time), which comprised nearly 58% of the non-labor trip costs. The recent drop in fuel prices during 2015 resulted in decreased overall fishing costs in 2015 relative to prior years (16% lower than the 2012 peak).
Trip costs for Hawaii longline swordfish fishing trips, 2005-2015
Swordfish fishing trips are usually more expensive than tuna fishing trips, even when trips are carried out by the same vessel, mostly due to longer trip length and subsequently a higher proportion of fuel cost in its trip expenditures. On average, the cost of a swordfish trip is approximately double that of a tuna fishing trip. In 2015, the average swordfish trips cost $42,200. In 2012 when the average yearly fuel price was at its peak, an average swordfish trip cost over $57,600, while a tuna trip cost about $30,700 during the same year. Similar to tuna trips, with the substantial drop of fuel price in 2015, the average trip costs for swordfish fishing decreased relative to recent years (27% less than the peak costs in 2012).
More data products based the data collection program led Dr. Minling Pan, can be found on the PIFSC website, click for:
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