Seafood Processing in Australia - Market Research Report

Staying afloat: Rising consumer sentiment and discretionary incomes will buoy demand

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

International trade has become increasingly important in the Seafood Processing industry. Seafood imports have commanded 68.0% to 74.0% of domestic demand in recent years, providing intense competition for the industry. This competition has limited establishment growth and constrained profit, particularly for low-value products. Importers in China and South-East Asia have significantly lower operating costs than local processors and are more competitive in the domestic market. Downstream buyers, like supermarkets, have consistently purchased large volumes of imported seafood. Seafood processors process and manufacture fish or other seafood. The industry includes businesses that operate vessels that process, but don't catch fish or other seafood. The industry also includes processors that freeze whole finfish, or shell, freeze or bottle oysters in brine. The industry doesn't include fishing vessels that both catch and process fish or other seafood.