Industry Analysis & Industry Trends
The Seafood Processing industry has experienced turbulent conditions over the past five years. Revenue has been adversely affected by declining seafood production, lower prices and increasing imports. The industry has also become increasingly dependent on the domestic market as export prices declined due to limited stocks, restrictive legislation and an ascendant dollar. Domestic demand has however been buoyed by growth in per capita seafood consumption, supported by continued increases in product innovation, and positive media attention on the benefits of seafood and increasing consumer health awareness... purchase to read more
Industry Report - Industry Locations Chapter
Seafood processing establishments are not evenly spread between states. Processing mainly takes place in plants located in coastal centres close to the fisheries, which are their main domestic suppliers. Of those employed in this industry, over 80% work in either metropolitan or other coastal areas. Some Australian companies operate offshore to reduce costs and to gain greater access to raw materials. The wide spread of industry establishments shows that the average business is small.
The proportion of establishments has risen in Queensland, with the state now representing the greatest share of seafood processing facilities. This is due to the large volumes of seafood produced in the State... purchase to read more