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.