Net result: Despite pressure from aquaculture, export growth has boosted industry revenue

Operators in the Fishing industry have benefited from strong export demand over the five years through 2018-19. The development of export markets, particularly in Asia, has boosted industry revenue over the past five years. Domestically, rising fish and seafood prices, and strong demand from seafood processors, have supported industry operators over the period. However, government-imposed fishing quotas have constrained industry growth over the past five years by limiting the volume of seafood caught. The presence of low-cost imports from Asia and competition from the more sustainable Aquaculture industry have also limited industry growth over the period. Industry revenue is expected to increase at an annualised 3.2% over the five years through 2018-19, to total $1.86 billion...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
3.2%
Forecast Growth 19-24
Profit
Employment
5,664
Businesses
4,832
Market Share of Companies
There are no companies with a dominant market share in this industry

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
  • Export demand for premium seafood products will increase further over the next five years
  • Industry Report - Industry Analysis Chapter

    The development of export markets, particularly in Asia, has driven growth in the Fishing industry over the past five years. In particular, rising overseas demand for high-value products, such as rock lobster, has boosted industry revenue over the period. Rising domestic fish and seafood prices have also supported the industry over the past five years.Catch quotas have continued to limit industry growth over the past five years. These quotas have restricted the amount of fish and seafood that operators have caught, and have led to a decline in enterprise numbers over the past five years. The presence of the more sustainable Aquaculture industry and moderate import competition have also weakened industry growth over the period. Ind...purchase to read more.

    Additional Insights for the Fishing Industry

    IBISWorld has determined the most important Key Success Factors for the Fishing 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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    What's in this report

    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 lobsters
  • 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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
  • Strong export demand
  • Depleting fish stocks
  • Challenges
  • Chart: Revenue Growth

  • Industry Outlook
  • Competitive challenges
  • Demand for seafood
  • Free trade agreements
  • Table: Fishing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Seafood Processing
  • Fish and Seafood Wholesaling
  • Fresh Meat, Fish and Poultry Retailing

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

  • Products & Services
  • Rock lobsters
  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • 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
    There are no major players in this industry. This report includes analysis of other companies.
    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
    Table: Industry Data for the Fishing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    The Fishing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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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