Government of Jamaica
- Date: January- March 2024
- Category: Statistical
Quarterly Statistics Report Volume 3: Issue 2 July – September 2024
Fishing vessels in Jamaica are a cornerstone of the fishing industry, impacting economic stability, cultural identity, and food security. Balancing traditional practices with modern sustainable fishing techniques is essential for the future viability of Jamaica’s fisheries sector. Continued investment in infrastructure, training, and sustainable practices will help enhance the overall effectiveness and sustainability of the fishing vessel fleet in Jamaica.
Figure 2 indicates a 10% increase in new vessel licences issued in January 2024/25 compared to January 2023/24 (from 40 to 44). In February 2024/25, there was a 55% decrease (from 45 to 20) compared to the previous year. Conversely, March 2024/25 saw a 24% decrease in new licences issued, moving from 33 to 25. Overall, Q4 2024/25 experienced a decline compared to Q3 2024/25 and YoY Q4 2023/24, of 17% and 24% respectively.
In Q4 2024/25, renewed vessel licenses showed mixed results in Figure 1: January saw a 24% increase (187 to 233), and February recorded a significant decline of 40% (189 to 112) compared to the previous year. meanwhile, March experienced a 26% increase (126 to 159) year-over-year. Overall, Q4 2024/25 recorded a 4% increase compared to Q3 2024/25 and 0.4% YoY Q4 2023/24.
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