Government of Jamaica
- Date: July - September 2025
- Category: Statistical
Quarterly Statistics Report Volume 4: Issue 2 July - September 2025
The second quarter ending September 2025 reveals a mixed performance in Jamaica’s vessel licensing activity compared to the same period last year, with a notable slowdown from the strong growth observed in Q1. Total licences issued in Q2 FY2025/26 (478) were nearly flat with the previous year (480), marking a slight 0.4% year-over-year decrease. This contrasts sharply with the robust 37.4% YoY growth seen in Q1. The stability in total numbers masks diverging trends: a healthy increase in renewed licences was offset by a significant drop in new licences.
New vessel licenses, a key indicator of new entrants into the fishery sector, saw a 17.4% year-over-year decline in Q2, with only 90 new licences issued compared to 109 in the same quarter of the previous year. The quarter started with a minor dip in July (-7%), followed by another small decrease in August (-6%), but concluded with a sharp 32% drop in September. This downward trend continues to suggest that this contraction in the pipeline resonates with the slow period.
In contrast, renewals demonstrated resilience, posting a 4.6% year-over-year increase for the quarter, with 388 renewals in FY2025/26 compared to 371 in the prior year. This growth was driven almost entirely by a strong performance in July, which saw a 43% surge in renewals. However, this momentum was not sustained, as August and September saw year-over-year declines of 5% and 8%, respectively. While the overall increase in renewals provides a stable base, the declining trend in the latter two months will be analyzed further.
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