Seafood Processing in New Zealand - Market Research Report

Seafood Processing industry trends (2014-2019)

poll Average industry growth 2014–2019: -0.1%

The Seafood Processing industry has expanded over the past five years. The overall depreciation of the New Zealand dollar over the period improved the competitiveness of New Zealand products in overseas markets, boosting export earnings. Domestically, industry operators have benefited from increased seafood consumption over the past five years. This trend is largely due to increasing health consciousness among consumers, who are consuming more fish and seafood products as a lean source of protein. Additionally, rising disposable incomes have also encouraged consumers to purchase fish and seafood products, which are typically more expensive than other meat, such as poultry. Rising import penetration and growing competition from poultry processors are...
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Seafood Processing industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Seafood Processing industry is anticipated to expand further over the next five years. The New Zealand dollar is projected to continue depreciating, improving export competitiveness and reducing import penetration. An expected overall increase in seafood consumption will also likely support industry growth over the period. Revenue and profitability Industry revenue is forecast to rise at an annualised X.X% over the five years through XXX-XX, to total $X.X billion. Health consciousness is projected to rise over the period, boosting seafood consumption. A forecast rise in disposable income is also likely to increase demand for higher value products, such as tuna steaks, providing a further boost to industry revenue over the next five years. The...
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Seafood Processing industry statistics

  • attach_money Market Size: $2bn
  • business Number of Businesses: 128
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 6,526

Biggest companies in the Seafood Processing industry

The companies holding the largest market share in the Seafood Processing in New Zealand industry include Kura Limited, Talley's Group Limited and Sanford Limited.

  • pie_chart Kura Limited Market Share: x.x%
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  • pie_chart Talley's Group Limited Market Share: x.x%
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  • pie_chart Sanford Limited Market Share: x.x%
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What is Seafood Processing industry?

Industry Definition

Industry operators process fish and other seafood. The industry includes businesses that operate vessels that process, but do not catch, fish or other seafood.

Industry Products and Services

  • Finfish products
  • Crustacean products
  • Mollusc and other invertebrate products
  • All Others

Industry Activities

  • Fish fillet manufacturing
  • Fish cleaning, filleting, drying and smoking
  • Fish loaf or cake manufacturing
  • Fish pate manufacturing
  • Fish paste manufacturing
  • Crustaceans processing
  • Mollusc processing

Market research report - table of contents

Industry Definition

Industry operators process fish and other seafood. The industry includes businesses that operate vessels that process, but do not catch, fish or other seafood.

Main Activities

  • Fish fillet manufacturing
  • Fish cleaning, filleting, drying and smoking
  • Fish loaf or cake manufacturing
  • Fish pate manufacturing
  • Fish paste manufacturing
  • Crustaceans processing
  • Mollusc processing

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Seafood consumption represents the total amount of seafood consumed per capita in New Zealand. When seafood consumption increases, industry demand and rev...
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Seafood consumption
Trade-weighted index
Domestic price of fish and other seafood
Domestic price of poultry

Current Performance

International trade
Industry structure
 Chart: Revenue Growth

Industry Outlook

Export growth
Domestic demand
Industry structure
 Table: Seafood Processing in New Zealand - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Seafood Processing in New Zealand - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

General Line Grocery Wholesaling in New Zealand
Specialised Grocery Retailing in New Zealand
Supermarkets, Grocery Stores and Convenience Stores in New Zealand
Cafes and Restaurants in New Zealand



Key Selling Industries

Fruit and Vegetable Wholesaling in New Zealand
Fishing and Aquaculture in New Zealand





Products & Services

Industry operators process a range of fish and other seafood into a variety of products. Finfish products, such as crumbed and battered hoki, account for ...
Exports to Asia
Wholesalers
Retailers
Food-service establishments
Other markets

Demand Determinants

Several factors influence domestic and overseas demand for domestically produced fish and seafood products. These factors include the exchange rate, healt...
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Major Markets

Exports to Asia
Wholesalers
Retailers
Food-service establishments
Other markets


 Chart: Major Market Segmentation for the Seafood Processing in New Zealand - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Seafood Processing industry is moderately concentrated. The four largest operators are estimated to account for over 40% of industry revenue in 2019-2...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Seafood Processing in New Zealand - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Seafood Processing in New Zealand - Market Research Report Industry

Industry Globalization

Kura Limited operates in the industry under the Sealord brand. The company was established in 1961, and is jointly owned by Moana New Zealand (Aotearoa Fi...
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Kura

 Table: Kura - financial performance

Talley's

 Table: Talley's - financial performance

Sanford

 Table: Sanford - financial performance

Capital Intensity

The Seafood Processing industry is moderately capital-intensive. For every dollar spent on capital, an estimated $7.74 is spent on wages. Industry operato...
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 Chart: Level of Capital Intensity for the Seafood Processing in New Zealand - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Seafood Processing in New Zealand Industry

Industry Revenue (2008-2026)
Industry Gross Product (2008-2026)
Establishments (2008-2026)
Businesses (2008-2026)
Employment (2008-2026)
Exports (2008-2026)
Imports (2008-2026)
Wages (2008-2026)
Domestic Demand (2008-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

ASEAN

CRUSTACEANS

FINFISH

MOLLUSCS

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Seafood Processing industry?

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This report on Seafood Processing in New Zealand:

  • 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 Seafood Processing in New Zealand 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 Seafood Processing in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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