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 Products Chapter
The industry's key products include finfish, shellfish and other aquatic species. The BP oil spill occurred just before the start of the shrimp harvest in 2010, and catch volumes from the Gulf region are still making up lost ground, especially for shrimp. Although catch volumes were partially down due to the closure of some fisheries, fishing vessels diverted to clean-up efforts also hindered volumes. Demand for all product segments is projected to increase during the next five years on the back of population growth, recovering disposable incomes and strong export demand. The following analysis is based on data from the National Marine Fisheries Service.
Crabs are the most common type of shellfish, followed by scallops, shrimp and lobster... purchase to read more