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The economics of independent marine recreational fishing bait and tackle retail stores in the United States, 2013
  • Published Date:
    2015
Filetype[PDF - 1.88 MB]


Details:
  • Corporate Authors:
    United States, National Marine Fisheries Service,
  • Series:
    NOAA tech. memo. NMFS-F/SPO ; 151
  • Document Type:
  • Description:
    In 2014, the National Marine Fisheries Service (NOAA Fisheries) conducted the Marine Recreational Bait and Tackle Economic Survey (RBTES) to better understand the economic condition and contributions to the regional and national economy of retail stores that sell marine fishing bait and tackle. This study focused on retail stores that sell bait and tackle to saltwater anglers in coastal and near-coastal communities located in 23 U.S. states on the Atlantic, Gulf, of Mexico, and Pacific coasts, including Alaska and Hawaii.The RBTES was designed to provide NOAA Fisheries' first baseline economic assessment of the retail marine bait and tackle industry, and collected data on the 2013 cost and earnings of independently owned businesses. Efforts were made to collect data on national chains (e.g. Bass Pro Shops, Walmart) that sell bait and tackle, but they are not included in this report due to limited participation in the study. Independent stores receiving the survey came from and exhaustive list of businesses compiled by NOAA Fisheries with the assistance of state marine fisheries agencies, and two major industry wholesalers. NOAA Fisheries received surveys from 944 stores out of 3.514 businesses that were sent surveys and were not otherwise identified as being ineligible to participate. (i.e., did not have retail sales of bait and tackle; non-deliverable address; no longer in business) for a national response rate of 27 percent. A little over one-third (35.1%) of responding stores classified themselves as "Bait & Tackle" stores that catered almost exclusively to recreational anglers. These retail stores averaged $426 thousand in saltwater fishing bait and tackle sales, representing only 8.4 percent of their total gross sales in 2013. Conversely, sores that classified themselves as "other stores" averages $141 thousand in saltwater fishing bait and tackle sales, representing only 8.4 percent of their total gross sales. These averages were extrapolated to an estimated combined total of $854 million in sales of saltwater fishing bait, tackle, and related equipment. Next, regional input-output analysis of the operating costs and net returns supported by saltwater recreational fishing sales was conducted to estimate their economic contributions. Nationally, independently owned retailers that sell marine bait and tackle were estimated to contribute $2.3 billion in total economic output, including $796 million in income supporting more than 16 thousand jobs in the United States.

  • Supporting Files:
    No Additional Files