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Alaska’s seafood industry is proving critical to the economy

The Alaska Seafood Marketing Institute (ASMI) recently announced its “2022 Economic Value of Alaska’s Seafood Industry“Report, affirmative that Alaska’s fishing industry is a major engine of the state’s economy. The state harvests two-thirds of the country’s seafood, more wild-caught seafood than any other state combined.

Grocery stores in the US reported record seafood sales during the pandemic. According to the report, the economic impact of Alaska’s seafood industry includes $ 6.4 billion in direct production associated with fishing, processing, distribution and retailing. It also includes multiplier effects of $ 8.6 billion from the direct production of industries across the U.S. economy.

“Alaska’s fishing industry continues to play a critical role in supporting the Alaskan economy,” said Jeremy Woodrow, executive director of ASMI, based in Juneau. “The economic value of Alaskan seafood extends well beyond the docks and is spread across the communities of Alaska and across our land.”

Some other key findings from the report are as follows:

  • The fishing industry directly employs more than 31,300 skippers and crews and 27,100 fish processing employees, a total of 62,200 workers in Alaska per year.
  • Alaska harvests two-thirds of the country’s seafood, with approximately 5.7 billion pounds of product valued at $ 2.0 billion harvested in 2019.
  • Nationally, Alaska’s fishing industry creates more than 100,000 full-time jobs, annual wages of $ 6 billion, and economic output of $ 15 billion.
  • Seafood is the economic foundation of many rural communities, and seafood processing plants are an integral part of many of Alaska’s coastal economies.

First published in 2013, ASMI describes the economic importance of Alaska’s commercial fishing industry at the local, state, and national levels. The 2022 Economic Value of Alaska’s Seafood Industry report was prepared for ASMI by based in Juneau McKinley Research Group. To read the full report, click here.

ASMI is a partnership between the state of Alaska and the Alaska fishing industry to promote the benefits of Alaskan wild and sustainable seafood and to provide training to the fishing industry. In addition to wild salmon, Alaska is known for its species of crab and whitefish, such as Pacific cod, sable, halibut, Alaskan pollock, sole and rock fish, which are available fresh or frozen year round. Alaska has been dedicated to sustainable seafood for more than 50 years and is the only state with a constitution that requires all seafood to be sustainably harvested.

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