The Ocean Fishing and Seafood Farming industry has struggled for the past five years. The industry has battled against ocean depletion issues, increased competition from seafood imports, a high Australian dollar, increased regulation of catch quotas and increased costs. Wild catches of fish, crustaceans and molluscs have decreased over the past five years. As catch volumes have decreased, fish and seafood prices have increased, supporting revenue for this industry. Although depletion has played a significant role in reduced wild catches, attempts by the government to curb catches to sustainable levels has also affected catch volumes.
Operators within this industry are primarily involved in the ocean fishing and farming of fish and seafood products. Such products include 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.