Overview

Big fish: Despite strict quotas, strong exports have supported revenue growth

IBISWorld’s Fishing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth
2012 - 2017
3.6%
Annual Growth
2017 - 2022
Profit
Employment
5,724
Business
4,971

Industry Threats & Opportunities

  • The development of export markets, particularly in Asia, is supporting industry growth
  • Overseas demand for Australian fish and seafood has increased over the past five years
  • Fishers catering for premium export markets are forecast to boost profitability over the period

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    Industry Analysis & Industry Trends

    The Fishing industry has recovered from a period of decline to grow over the five years through 2016-17. The development of export markets, particularly in the Asia-Pacific region, has boosted the industry over the past five years. In addition, rising prices of domestic fish and seafood, growing demand from seafood processors and slightly increased seafood consumption have all driven industry growth over this period. However, government-imposed fishing quotas have continued to constrain industry operators as these quotas limit the volume of seafood caught. Furthermore, rising imports and the presence of the more sustainable Aquaculture industry have weakened industry growth. Industry revenue is expected to increase at an annualised 3.6% over the five years through 2016-17, to total $1.6...

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    Industry Report - Industry Analysis Chapter

    The development of export markets, particularly in the Asia-Pacific region, has supported growth in the Fishing industry over the past five years. Rising overseas demand for Australian-caught fish and seafood has halted the declines that affected the industry in the five years previous. Furthermore, rising fish and seafood prices, growing downstream demand and marginally increased seafood consumption have buoyed industry operators over the past five years.

    Catchment quotas have continued to influence the industry over the past five years, dampening growth. These quotas have limited the amount of fish and seafood that operators have caught, and has led to enterprise numbers declining over the past five years. Add..

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    Additional Insights for the Fishing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fishing Industry are

  • Must have licence
  • Establishment of export markets
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Demand from seafood processing in the Fishing industry impact industry performance..

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    Industry Products

    What is the Fishing Industry?

    Industry operators primarily catch ocean fish and seafood products, including finfish, molluscs, crustaceans, prawns, rock lobsters, oysters and pearls.

    Industry Products
    Fish
    Rock lobster
    Other crustaceans
    Molluscs
    Prawns
    Industry Activities
    Rock lobster fishing
    Prawn fishing
    Finfish trawling
    Squid jigging
    Line fishing
    Marine fishing not elsewhere classified

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Demand from seafood processing
  • Domestic price of fish and other seafood
  • Seafood consumption
  • Domestic price of poultry

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Fishing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fishing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Seafood Processing
  • Fish and Seafood Wholesaling

  • Key Selling Industries
  • Shipbuilding and Repair Services
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Rock lobster
  • Fish
  • Prawns
  • Molluscs
  • Other crustaceans
  • Chart: Fishing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Export markets
  • Seafood processors
  • Fish and seafood wholesalers
  • Retailers
  • Chart: Major Market Segmentation for the Fishing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Fishing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fishing Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fishing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Fishing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Australian Fishing Zone
  • Waters adjacent to Australia and its external territories (excluding Torres Strait and the Antarctic Territories) that extend from the shoreline to 200 nautical miles seawards.
  • Crustaceans
  • Aquatic arthropods, such as lobsters, prawns, barnacles, crabs and crayfish.
  • Molluscs
  • Invertebrate creatures of the seashore with one, two or three piece shells that cover its unsegmented body, such as abalone, octopuses, scallops and squid.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fishing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fishing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fishing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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