Industry Analysis & Industry Trends
Casting a net
In the long term, the industry will benefit from measures taken to prevent overfishing, such as the license buyback scheme. This scheme will have broad ranging implications for industry revenue. It may reduce the number of establishments given the paucity of licenses, but it also may allow larger catches with fewer operators, increasing economies of scale and possibly make those companies that remain more profitable... purchase to read more
Industry Report - Industry Analysis Chapter
The US Fishing industry's fate hinges largely on export demand. For the past decade, about 90.0% of revenue has come from export receipts, and 2012 is expected to be no different. The strong depreciation of the US dollar against the currencies of the major US trading partners combined with global economic growth over the period have supported export revenue. Global economic growth increases international demand for seafood, particularly expensive, luxury seafood items such as lobster. Trade in live, fresh and frozen fish has remained high due to the strong demand for such products in Asia because fresh shellfish catches receive high unit values there, particularly in China, Japan and Korea... purchase to read more