Australia's Aquaculture industry has prospered over the past few years as it presents the most viable solution to the ongoing decline in global and domestic fish stocks. The industry is expected to grow at a compound annual rate of 1.3% over the five years through 2012-13. Australian ocean fishing production has fallen, while global and domestic seafood consumption has risen. Industry profitability has benefited from an overall increase in retail prices for seafood, which caused temporary declines during the height of the global financial crisis as consumers cut spending on more expensive seafood items in favour of poultry and other cheaper meats.
Operators in this industry breed and farm fish, molluscs and crustaceans.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.