The fisheries sector is among the important economic sub sectors of the economy in Tanzania. The sector provides substantial employment, income, livelihood, foreign earnings and revenue to the country. The export levels indicate high production possibilities in the country.
The industry employs more than 4,000,000 people engaged in fisheries and fisheries related activities while more than 400,000 fisheries operators are directly employed in the sector. In 2009 the fisheries sector contributed 1.3% to GDP, the per capita fish consumption is 8.0 kilogram and about 30% of animal protein consumption in Tanzania is from fish. Tanzania is well endowed with abundant natural resources from aquatic resource base.
The total inland water area covers nearly 61,500 Km2 or about 6.5 per cent of the total land area. The total water area is 62,000 Km2 distribution of which is as follows; 35,088 Km2 - Lake Victoria, 13,489 Km2 -Lake Tanganyika, 5,760 Km2 -Lake Nyasa, 3,000 Km2 -Lake Rukwa, 1,000Km2 -Lake Eyasi, and 1,000Km2 other small water bodies. Most of these water bodies have substantial fisheries resources. On the marine side the country has a Territorial sea of about 64,000 Km2 and a coastal line of 1,424 Km’s. The Exclusive Economic Zone (EEZ) is up to 200 nautical miles covering an area of 223,000 Km2 providing the country with additional marine area and fisheries resources.
Key factors in the growth of Aquaculture industry are Good availability of resources and Developments in R&D Projects.
Unfavorable Environmental & Socio-Economic Conditions, Unavailability of Fish Feed, Illegal Fishing, Declining Fish Stocks, Limited Financial Resources, Poor fishing facilities, Lack of relevant technological skills, and Manpower shortages are the biggest challenges for the Aquaculture market.
What the report offers
The study identifies the situation of Tanzania, and predicts the growth of its Aquaculture sector. Report talks about market trends, Government regulations, growth forecast, major companies, upcoming companies & projects, etc. Report will also talk about Economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on its growth. Lastly, the report is divided by major import & export and importing and exporting partners.