Fishing in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: August 2023
ANZSIC A0410Revenue
$3.5bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
4,800
Businesses
563
Wages
$XXX.Xm
Fishing in Australia industry analysis
Fisheries have faced mixed trading conditions over recent years. Demand from Asian export markets surged, before plummeting during the COVID-19 pandemic and amid trade tensions with China. Intensifying competition from low-cost Asian imports has also hindered revenue for fisheries. Government-imposed quotas have restricted the volume of seafood caught over recent years. Overall, fishing revenue is expected to weaken at an annualised 0.6% over the five years through 2022-23, to $3.5 billion. This trend includes an anticipated dip of 3.4% in 2022-23, as sales of domestic fish and other seafood trend downwards amid higher prices, inflationary pressures and the cost-of-living crisis.Demand for Australian fish and seafood produce in export markets has supported local fisheries over the past few years. In particular, consumers in several Asian countries like China, Japan and Hong Kong have been purchasing more Australian-caught fish and seafood due to its reputation for high quality. Despite international interest, the COVID-19 pandemic caused sales to these countries to collapse. China then implemented an unofficial ban on Australian rock lobster in November 2020, further pushing down exports. Revenue then returned to growth over 2021-22, as exports resumed.Even though exports have largely recovered, mounting concerns about overfishing will spur tighter restrictions on the volume of fish that fisheries catch. Additionally, many younger consumers are pursuing vegetarian and vegan diets, constraining sales of fish and seafood. Continued weakened demand for rock lobster will remain a constraint on revenue. The initiation of an Australia-United Kingdom free trade agreement will spur on seafood sales to British markets, lifting export revenue. Overall, fishing revenue is projected to inch upwards at an annualised 0.3% over the five years through 2027-28, to $3.6 billion.
Trends and Insights
- Fisheries have encountered challenging conditions during the COVID-19 pandemic. Supply chain disruptions and reduced demand from consumers have pushed down revenue.
- China has imposed restrictions on the trade of rock lobsters, citing contamination concerns. The trade ban has yet to be lifted, heavily limiting revenue generated from sales of rock lobster.
- Fisheries operate in climates that support the growth of fish and seafood. For example, Queensland’s warm weather is optimal for prawns, pushing up the number of prawn farms and fisheries located in the state.
- Tight local fishing regulations have intensified competition among domestic fisheries. Fisheries are constrained by the volume of produce they are allowed to catch, which exacerbates competition through the lowered supply of fish.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 0.6 % over the past five years, to reach an estimated $3.5bn in 2023.
Trends and Insights
Limits in trawled fish volumes have sunk revenue, despite higher seafood consumption
- Many consumers are drawn towards the nutrients and vitamin D that fish provides, encouraging fisheries to catch large volumes of fish. Strengthening disposable incomes have also pushed up demand fish and seafood.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Heightening trade tensions with China will overshadow the recovery from the COVID-19 pandemic
- Strong demand for restaurants following lockdowns and social distancing restrictions will push up demand for live seafood like oysters, mud crabs and lobsters.
Biggest companies in the Fishing in Australia
| Company | Market Share (%)
2023 | Revenue ($m)
2023 |
|---|---|---|
Austral Fisheries Pty Ltd | 175.9 | |
A. Raptis & Sons Pty Ltd | 105.5 | |
Australian Fishing Enterprises | 70.3 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Fish, Rock lobsters and Other crustaceans. Fish is the largest segment of the Fishing in Australia.
Trends and Insights
Climate change has disrupted ecosystems, resulting in lower volumes of fish
- Fisheries catch fish such as salmon, sardines, barramundi, bream, trout, dories, flathead, gemfish, orange roughy, Spanish mackerel, tuna, whiting, mullet and pink ling.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Aquaculture in Australia
Complementors
- Seafood Processing in Australia
- Fish and Seafood Wholesaling in Australia
- Fresh Meat, Fish and Poultry Retailing in Australia
International industries
- Fishing Boat Charter in the US
- Fishing & Seafood Aquaculture in Canada
- Fishing and Aquaculture in New Zealand
- Marine Fishing in the UK
Table of Contents
About this industry
Industry definition
Industry operators primarily catch ocean fish and seafood products, including finfish, molluscs, crustaceans, prawns, rock lobsters, oysters, pearls and other seafood products.
What's included in this industry?
FishRock LobstersCrabs and PearlsMolluscsPrawnsCompanies
Austral Fisheries Pty LtdA. Raptis & Sons Pty LtdAustralian Fishing EnterprisesPurchase this report to view all 4 major companies in this industry.
Related Terms
CRUSTACEANSMOLLUSCSGEARIndustry Code
ANZSIC 0411 - Fishing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Fisheries have encountered challenging conditions during the COVID-19 pandemic. Supply chain disruptions and reduced demand from consumers have pushed down revenue.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
China has imposed restrictions on the trade of rock lobsters, citing contamination concerns. The trade ban has yet to be lifted, heavily limiting revenue generated from sales...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Fisheries operate in climates that support the growth of fish and seafood. For example, Queensland’s warm weather is optimal for prawns, pushing up the number of prawn farms ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Tight local fishing regulations have intensified competition among domestic fisheries. Fisheries are constrained by the volume of produce they are allowed to catch, which exa...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Fisheries are highly fragmented, with no fishery company holding a market share of more than 5%. Most fisheries focus on a limited range of fish or seafood, like Stehr Group ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Austral Fisheries Pty Ltd's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of A. Raptis & Sons Pty Ltd's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Australian Fishing Enterprises's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Austral Fisheries Pty Ltd, and factors influencing its performance in the industry
- Description and key data for A. Raptis & Sons Pty Ltd, and factors influencing its performance in the industry
- Description and key data for Australian Fishing Enterprises, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Fishing authorities regulate the volume of seafood that fisheries can trawl. The total volumes of catch allowable for approximately 60 different species of fish are listed by...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Fishing technology developments have caused purchase costs to mount as fisheries attain new productivity-enhancing equipment. Fuel cost spikes, driven by trade sanctions rela...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Fishing industry in Australia in 2024?
The market size of the Fishing industry in Australia is $3.5bn in 2024.
How many businesses are there in the Fishing in Australia industry in 2023?
There are 563 businesses in the Fishing industry in Australia, which has declined at a CAGR of 2.7 % between 2018 and 2023.
Has the Fishing industry in Australia grown or declined over the past 5 years?
The market size of the Fishing industry in Australia has been declining at a CAGR of 0.6 % between 2018 and 2023.
What is the forecast growth of the Fishing industry in Australia over the next 5 years?
Over the next five years, the Fishing industry in Australia is expected to grow.
What are the biggest companies in the Fishing market in Australia?
The biggest companies operating in the Fishing market in Australia are Austral Fisheries Pty Ltd, A. Raptis & Sons Pty Ltd and Australian Fishing Enterprises
What does the Fishing in Australia include?
Fish and Rock Lobsters are part of the Fishing industry.
Which companies have the highest market share in the Fishing in Australia?
The company holding the most market share in Australia is Austral Fisheries Pty Ltd.
How competitive is the Fishing industry in Australia?
The level of competition is high and increasing in the Fishing industry in Australia.
