Economic Contributions of the Mississippi Shrimp Industry

Mississippi Commercial Shrimp Industry
The annual Mississippi commercial landings and dockside values of all shrimp species primarily white and brown shrimp from 1950 to the present are shown below. From 1950 to 1983, yearly landings averaged about 8.3 million pounds valued at $5.3 million. Higher annual landings were reported from 1984 to 2004, averaging 14 million pounds, and valued higher at $26 million per year. Since 2005, commercial landings declined to less than 10 million pounds, valued lower averaging at $16 million per year.

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Figure 1 shows annual commercial landings of all shrimp species in Mississippi from the NOAA Fisheries website.
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Figure 2 shows annual commercial dockside values of all shrimp species in Mississippi from the NOAA Fisheries website.

In response to requests by state regulatory agencies and seafood organizations, the 2009 (and later) economic contributions of the Mississippi seafood industry by major species were imputed from state estimates published by NOAA Fisheries. Extension and research publications were developed to document the economic contributions of the major seafood species landed, processed, sold, and consumed in Mississippi.

Sales are the gross sales by businesses within the economic region affected by an activity. Sales, income, value-added, and tax contributions are measured in dollars. Employment or job contribution is expressed in terms of a mix of both full-time and part-time jobs. The total economic contribution is the sum of direct, indirect, and induced contributions.

The economic contributions of the shrimp industry in 2009 are shown in the table below. The sales contributions reached $142 million in 2009 and generated over 3,000 full-time and part-time jobs. Income contribution was $57 million, and value-added created was $73 million. The industry added tax impacts over $6 million.

2009 Economic Impacts of Mississippi Shrimp Industry By Sector Without Imports
Sector Sales impacts
(M$)
Job impacts Income
impacts (M$)
Value-added
impacts (M$)
Indirect tax
impacts (M$)
Harvesting 20.27 412 6.27 9.08 0.62
Processing 53.65 711 21.23 26.60 1.06
Wholesaling 7.82 84 2.76 3.48 1.01
Fish markets 9.29 220 4.59 5.64 1.33
Restaurants 50.75 1,664 22.59 28.54 2.72
Total 141.77 3,091 57.44 73.34 6.73

Table 1 shows estimates of the 2009 economic contributions of the Mississippi shrimp industry from MAFES Bulletin 1209.

The 2011 economic contributions of the Mississippi shrimp industry are shown in the table below. The sales contributions of the shrimp industry reached more than $132 million in 2011. The industry created almost 3,000 full-time and part-time jobs in the same year and generated income contribution of over $52 million. The industry produced value-added contributions reaching more than $67 million and tax impacts over $10 million.

2011 Economic Impacts of Mississippi Shrimp Industry By Sector Without Imports
Sector Sales impacts
(M$)
Job impacts Income
impacts (M$)
Value-added
impacts (M$)
Tax
impacts (M$)
Harvesting 30.14 592 9.06 13.32 1.47
Processing 41.80 552 16.54 20.72 1.55
Wholesaling 5.10 55 1.80 2.27 0.57
Fish markets 7.64 181 3.78 4.64 1.28
Restaurants 47.44 1,550 21.13 26.69 5.39
Total 132.13 2,929 52.30 67.64 10.26

Table 2 shows estimates of the 2011 economic contributions of the Mississippi crab industry from Economic Impact Crab.

Updated 2015 estimates of the economic contributions of the shrimp industry in Mississippi are shown below. The sales contribution totaled $215 million and generated 4,276 full-time and part-time jobs. Income contribution was $88.5 million, and valueadded created was $112.4 million.

Economic contributions of Mississippi shrimp industry by sector and type, 2015
Sector Sales contributions
(M$)
Job contributions Income
contributions (M$)
Value-added
contributions (M$)
Commercial harvesters 19.7 367 6.2 8.9
Seafood processors & dealers 81.9 977 32.4 40.6
Seafood importers 0.5 2 0.1 0.2
Seafood wholesalers & distributors 14.2 138 5.0 6.3
Seafood retailing 99.0 2,792 44.8 56.4
Total 215.4 4,276 88.5 112.4

Table 3 shows the estimates of the 2015 economic contributions of the Mississippi shrimp industry from Extension publication 3194.

MISSISSIPPI MARKETMAKER

  1. Vol. 10 No. 6 / Dockside and Wholesale Prices of White Shrimp 
  2. Vol. 10 No. 5 / Dockside and Wholesale Prices of Brown Shrimp
  3. Vol. 9 No. 5 / Commercial Rock Shrimp Fishing
  4. Vol. 7 No. 16 | Commercial Pink Shrimp Fishing in the Gulf of Mexico States
  5. Vol. 7 No. 11 | Commercial White Shrimp Fishing in the Gulf of Mexico States
  6. Vol. 7, Issue 8 | Commercial Brown Shrimp Fishing in the Gulf of Mexico States
  7. Vol. 6, Issue 16 - Gulf of Mexico July Shrimp Landings and Exvessel Prices
  8. Vol. 6, Issue 3 - Know Your Local Seafood Business Handling Shrimp Products!
 
Sectoral Economic Impacts of Seafood Industry
Economic Impacts by Major Species
Links to the Economic Impacts in the U.S. and other states