Industry Analysis & Industry Trends
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 may also 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 SWOT Analysis Chapter
IBISWorld analysis reveals that the Fishing industry is in a mature stage of its life cycle. Over the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to increase at an average rate of 2.5% per year. In comparison, US GDP is also forecast to rise at an average rate of 2.5% annually during the same period. The matching growth rates is indicative of a mature industry.
Downstream markets for the industry's products are clearly defined. Exports have consistently accounted for the vast majority of revenue, as prices received overseas (especially in Asian countries) are higher than the prices received in the United States... purchase to read more