The Seafood Processing industry faced turbulent conditions over the first half of the past five-year period. Production levels in lower value domestic markets have been affected by overfishing, climatic conditions, disease, increased fuel costs, and reduced quotas and access due to sustainable management policies. Revenue growth has been weighed down by declining seafood production, stagnant prices and increasing import penetration. The industry has become increasingly dependent on export markets, as domestic price growth has been weak due to mass imports. However, high-value export markets have opened up new opportunities for seafood exporters.
Businesses in this industry process and manufacture fish or other seafood. This industry also includes businesses that operate vessels that process, but do not catch, fish or other seafood. This industry does not include fishing vessels that both catch and process fish or other seafood. This industry also does not include firms that freeze whole finfish or shell, freeze, or bottle oysters in brine; these are included in the Fish Wholesaling industry.
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.