Fishing in the US
Overall, the industry has been stable over the five years to 2018, with industry revenue increasing an annualized 0.5% to reach $10.1 billion, which includes an expected decline of 4.4% in 2018 alone. This slight increase in industry revenue has resulted from an annualized 0.9% increase in the price of seafood. Additionally, growth in industry revenue has been supported by an annualized 2.0% increase in per capita seafood consumption. Over the five years to 2023, the industry is expected to decelerate, with industry revenue increasing an annualized 0.2% to reach $10.2 billion. Per capita seafood consumption is expected to decline slightly, while the price of seafood is also expected to decline marginally. As the dollar weakens, industry growth is expected to be fueled by export growth in an otherwise softening market.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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