The Fishing industry has struggled to perform over the past five years. Industry revenue is projected to decline at an annualised 0.6% over the five years through 2014-15, to reach $1.4 billion. Ongoing depletion of fish stocks, increasing competition from imports and seafood farming, rising operating costs, and stricter regulation of catch quotas have hurt revenue. Strong demand from overseas markets, particularly in Asia, has helped sustain export revenue over the past five years. Industry revenue is forecast to grow 0.9% in 2014-15.
Operators within this industry are primarily involved in the capture of ocean fish and seafood products, including finfish, molluscs, crustaceans, prawns, rock lobsters, oysters and pearls.
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.