Ibisworld has just
completed a report on the fish and seafood industry and reports harsh times
ahead.
High seafood prices and
increased revenue have masked some of the problems facing the industry, in
particular strict catchment quotas and dwindling fish stocks. Profitability has
declined with suppliers reluctant to pass on increased cost of fish and higher
operating costs. Fishmongers have been forced to maintain downward pressure on
prices as competition from supermarkets intensifies.
The report says that the
perceived health benefits of fish and the increased demand from ready to eat
food outlets like cafes and restaurants are pluses for the industry.
