Economic feasibility study for the expansion of the Cyprus aquaculture sector: A roadmap for transition to offshore in the Mediterranean Sea
Global demand for seafood is constantly increasing, driven by population growth and rising per capita consumption. While wild-capture fisheries are facing limitations in meeting this demand, the expansion of aquaculture emerges as the only solution. This paper investigates the potential for increasi...
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| Format: | Article |
| Language: | English |
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KeAi Communications Co., Ltd.
2025-05-01
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| Series: | Aquaculture and Fisheries |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2468550X2300148X |
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| author | Marios Charalambides Michalis Menicou George Triantaphyllidis |
| author_facet | Marios Charalambides Michalis Menicou George Triantaphyllidis |
| author_sort | Marios Charalambides |
| collection | DOAJ |
| description | Global demand for seafood is constantly increasing, driven by population growth and rising per capita consumption. While wild-capture fisheries are facing limitations in meeting this demand, the expansion of aquaculture emerges as the only solution. This paper investigates the potential for increasing the aquaculture production in the Republic of Cyprus by transitioning towards offshore aquaculture farms. The model developed provides a valuable roadmap for offshore transitions in Mediterranean near-coast areas. The study includes a detailed economic analysis coupled with sensitivity analysis to assess the feasibility of this transition considering various expansion scenarios. The results provide valuable insights into the viability and implications of this process, highlighting economic and operational issues. |
| format | Article |
| id | doaj-art-c5663e0e991746b989e76e8fce839f49 |
| institution | DOAJ |
| issn | 2468-550X |
| language | English |
| publishDate | 2025-05-01 |
| publisher | KeAi Communications Co., Ltd. |
| record_format | Article |
| series | Aquaculture and Fisheries |
| spelling | doaj-art-c5663e0e991746b989e76e8fce839f492025-08-20T03:12:10ZengKeAi Communications Co., Ltd.Aquaculture and Fisheries2468-550X2025-05-0110352253110.1016/j.aaf.2023.12.006Economic feasibility study for the expansion of the Cyprus aquaculture sector: A roadmap for transition to offshore in the Mediterranean SeaMarios Charalambides0Michalis Menicou1George Triantaphyllidis2Department of Business Administration, Frederick University, Nicosia, 1036, Cyprus; Corresponding author.Department of Mechanical Engineering, Frederick University, Nicosia, 1036, CyprusHellenic Centre for Marine Research, Institute of Oceanography, Athens, Attica, 19013, GreeceGlobal demand for seafood is constantly increasing, driven by population growth and rising per capita consumption. While wild-capture fisheries are facing limitations in meeting this demand, the expansion of aquaculture emerges as the only solution. This paper investigates the potential for increasing the aquaculture production in the Republic of Cyprus by transitioning towards offshore aquaculture farms. The model developed provides a valuable roadmap for offshore transitions in Mediterranean near-coast areas. The study includes a detailed economic analysis coupled with sensitivity analysis to assess the feasibility of this transition considering various expansion scenarios. The results provide valuable insights into the viability and implications of this process, highlighting economic and operational issues.http://www.sciencedirect.com/science/article/pii/S2468550X2300148XOffshore aquacultureEconomic analysisSensitivity analysisCyprus aquaculture |
| spellingShingle | Marios Charalambides Michalis Menicou George Triantaphyllidis Economic feasibility study for the expansion of the Cyprus aquaculture sector: A roadmap for transition to offshore in the Mediterranean Sea Aquaculture and Fisheries Offshore aquaculture Economic analysis Sensitivity analysis Cyprus aquaculture |
| title | Economic feasibility study for the expansion of the Cyprus aquaculture sector: A roadmap for transition to offshore in the Mediterranean Sea |
| title_full | Economic feasibility study for the expansion of the Cyprus aquaculture sector: A roadmap for transition to offshore in the Mediterranean Sea |
| title_fullStr | Economic feasibility study for the expansion of the Cyprus aquaculture sector: A roadmap for transition to offshore in the Mediterranean Sea |
| title_full_unstemmed | Economic feasibility study for the expansion of the Cyprus aquaculture sector: A roadmap for transition to offshore in the Mediterranean Sea |
| title_short | Economic feasibility study for the expansion of the Cyprus aquaculture sector: A roadmap for transition to offshore in the Mediterranean Sea |
| title_sort | economic feasibility study for the expansion of the cyprus aquaculture sector a roadmap for transition to offshore in the mediterranean sea |
| topic | Offshore aquaculture Economic analysis Sensitivity analysis Cyprus aquaculture |
| url | http://www.sciencedirect.com/science/article/pii/S2468550X2300148X |
| work_keys_str_mv | AT marioscharalambides economicfeasibilitystudyfortheexpansionofthecyprusaquaculturesectoraroadmapfortransitiontooffshoreinthemediterraneansea AT michalismenicou economicfeasibilitystudyfortheexpansionofthecyprusaquaculturesectoraroadmapfortransitiontooffshoreinthemediterraneansea AT georgetriantaphyllidis economicfeasibilitystudyfortheexpansionofthecyprusaquaculturesectoraroadmapfortransitiontooffshoreinthemediterraneansea |