On the hook: Exports and overfishing prevention will determine industry success

The Fishing industry has been stable over the five years to 2017, though revenue declined. This slight decline is largely a result of a decline domestic seafood prices, coupled with only marginally increasing per capita seafood consumption. Over the five years to 2022, the industry is expected to return to growth. Further increases in per capita disposable income and seafood consumption, as well as an anticipated decline in the value of the dollar, are expected to drive this growth. Overall, industry performance is expected to remain stable, with slight growth in establishments and enterprises...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 12-17
-0.6%
Forecast Growth 17-22
Profit
Employment
71,199
Businesses
70,194
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • High demand from Asian countries makes fishing an export-driven industry
  • The availability of lower-priced fish has helped spur demand for seafood
  • Global demand for seafood is forecast to increase due to population and income growth
  • Industry Report - Industry Analysis Chapter

    The US Fishing industry’s fate hinges largely on export demand. For the past decade, the majority of revenue has come from export receipts, and 2017 is expected to be no different. The appreciation of the US dollar over the five years to 2017 has hampered export growth because industry products have become comparatively more expensive in foreign markets. Growth in the global economy and population has increased international demand for seafood, particularly expensive, luxury varieties, such as lobster. Although the US dollar has appreciated in value in recent years, trade in live, fresh and frozen fish has remained high due to the strong demand for such products in Asia; in particular, fresh shellfish catches garner high per-unit values in China, Japan and Korea. Tho...purchase to read more.

    Additional Insights for the Fishing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fishing Industry are

  • Access to technology and techniques
  • Must hold quota
  • Financial and debt management
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Demand from seafood preparation in the Fishing industry impact industry performance..

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    What's in this report

    What is the Fishing Industry?

    Operators in this industry primarily catch finfish, shellfish and miscellaneous marine products for commercial sale with little to no alteration or further processing. Aquaculture is excluded, and operators that realize the bulk of their revenue through fish processing are also excluded.

    Industry Products
  • Shellfish
  • Finfish
  • Industry Activities
  • Catching finfish
  • Catching shellfish
  • Catching other marine species
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Demand from seafood preparation
  • Price of seafood
  • Per capita seafood consumption
  • World price of crude oil

  • Current Performance
  • The importance of trade
  • Domestic demand
  • Profitability and industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Global and domestic demand
  • Weather-related volatility
  • Profit and participation
  • Table: Fishing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fishing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Animal Food Production
  • Seafood Preparation
  • Jewelry Manufacturing
  • Fish & Seafood Wholesaling
  • Fish & Seafood Markets

  • Key Selling Industries
  • Boat Building
  • Electronic & Computer Repair Services
  • Electronic Part & Equipment Wholesaling
  • Machinery Maintenance & Heavy Equipment Repair Services
  • Ship Building
  • Tugboat & Shipping Navigational Services

  • Products & Services
  • Shellfish
  • Finfish
  • Chart: Fishing Industry Products and Services Segmentation

  • Demand Determinants
  • International trade
  • Prices
  • Disposable incomes
  • Health issues

  • Major Markets
  • Exports
  • Seafood processors
  • Other
  • Fish wholesalers
  • Grocery stores
  • Direct to the public
  • Restaurants
  • Chart: Major Market Segmentation for the Fishing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Chart: Cost Structure Benchmarking – Sector vs Fishing

  • Basis of Competition
  • Access to fish
  • Seafood quality and price
  • Access to downstream markets
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fishing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fishing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fishing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Price of Seafood (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Crustaceans
  • Aquatic arthropods that include lobsters, prawn, barnacles, crabs and crayfish.
  • Finfish
  • True fish, as opposed to mollusks and crustaceans.
  • Overfishing
  • The depletion of natural fish stocks due to large-scale fishing activity.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fishing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Fishing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fishing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fishing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fishing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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