In too deep: Margin growth may be dampened by competition from the aquaculture industry

Over the five years through 2018-19, industry revenue is expected to increase at a compound annual rate of 0.9%. Consumer health consciousness has led to increases in both the absolute consumption of fish per capita as well as the diversity of fish eaten in the United Kingdom. This has benefited the industry over the past five-year period by raising prices, despite the falling volume of seafood catches towards the middle of the period. Relaxations in regulation related to the Common Fisheries Policy has reduced wasteful discarding of fish and increased the efficiency of industry operators, supporting profit margins. Margins have also benefited from rising numbers of operators joining fish producer organisations and increasing their bargaining power with downstream markets...read more.

Industry Statistics & Market Size
Revenue
£960m
Annual Growth 14-19
0.9%
Forecast Growth 19-24
Profit
Employment
12,261
Businesses
6,132
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The decrease in the mackerel quota in Scotland is likely to stymie revenue in the current year
  • Increased regulation meant industry margins started the period at a low base
  • A rise in real household disposable income encourages consumers to purchase more fish
  • Industry Report - Industry Locations Chapter

    The composition of the Marine Fishing Industry in the United Kingdom is dependent on the number of vessels, capacity and power. Business locations are segmented by the share of revenue generated in each region.ScotlandScotland is estimated to contribute the most to industry revenue in the current year. An estimated 51.4% of industry revenue is generated in Scotland due to the highest proportional share of catches. Scotland is the largest marine fishing area in the United Kingdom, accounting for approximately 60% of all seafood caught in the United Kingdom. Scottish fisheries catch a variety of fish, from high-margin catches such as salmon and shellfish to low-margin catches such as herring and mackerel, in the North Sea and the waters off the West of Scotland. A s...purchase to read more.

    Additional Insights for the Marine Fishing Industry

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

  • Ability to accommodate environmental requirements
  • Must have licence
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Landed price index of seafood and Seafood catch volumes in the Marine Fishing industry impact industry performance..

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    What's in this report

    What is the Marine Fishing Industry?

    Operators in this industry fish for wild seafood in oceanic and coastal waters. A range of gear is used to carry out these activities, including nets, lines and stationary traps.

    Industry Products
  • Demersal fish
  • Pelagic fish
  • Shellfish
  • Industry Activities
  • Line fishing
  • Trawling
  • Crustacean trapping
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Landed price index of seafood
  • Seafood catch volumes
  • Demand from seafood processing
  • Household expenditure on fish
  • Health consciousness
  • Public concern over environmental issues

  • Current Performance
  • Diversification of demand
  • Regulation
  • Profit margins
  • Chart: Revenue Growth

  • Industry Outlook
  • Change in consciousness
  • Regulatory changes
  • Going overboard
  • Carp-e diem
  • Table: Marine Fishing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Seafood Processing
  • Seafood Retailers

  • Key Selling Industries
  • Boat Repair & Maintenance
  • Petroleum Refining

  • Products & Services
  • Shellfish
  • Demersal fish
  • Pelagic fish
  • Chart: Marine Fishing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Seafood processors
  • Wholesalers
  • Retailers
  • Chart: Major Market Segmentation for the Marine Fishing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Marine Fishing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Marine 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 Marine 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 Marine Fishing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Demersal Fish
  • Fish that live on or near the sea floor in sandy, muddy or rocky environments.
  • Discarding
  • The practice of returning unwanted fish into the sea after vessel quota has been reached.
  • Pelagic Fish
  • Fish that live in the upper waters of the sea.
  • Shellfish
  • Aquatic shelled molluscs found in saltwater and freshwater environments.
  • What Our Customers Say

    Why buy this report?

    The Marine Fishing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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 Marine 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 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 Marine 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 Marine Fishing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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