The Marine Fishing industry has had a poor catch of late. Already suffering from declining wild catch volumes and falling fishing quotas, the industry has been left floundering by volatile seafood prices and a sharp economic downturn. Rising competition from aquaculture has also threatened the industry. Industry revenue is estimated to grow at a compound annual rate of 0.9% to £819.1 million over the five years through 2014-15. Growth of 2.5% is forecast for 2014-15 as quotas are relaxed, demand for seafood improves moderately and seafood prices rise.
Operators in this industry fish for wild seafood in oceanic and coastal waters. A range of gear is used to carry out these activities, including nets, lines and stationary traps.
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.