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 Key Buyers Chapter
Most participants in this industry are relatively small nonemploying firms. As such, industry concentration is very low. About 97.0% of establishments are also separate enterprises, and the average firm officially employs just one person. Fisheries management policies that restrict the number of operators issued commercial fishing licenses have increased concentration. Likewise, the limited availability of licenses spurs competition in the industry.
Greater government regulation could increase concentration. For example, a reduction in the number of vessels permitted into a particular fishery would allow remaining incumbents to increase their share of the annual catch... purchase to read more