Tasmanian Seafood Industry ScoreCard: 2004 - 05
Industry and Government need a simple method for keeping track on the value of our seafood industry.
Using the ScoreCard method it is possible to look at the seafood industry value chain. As noted last year the ScoreCard is a desktop study and is particularly useful to fill gaps in our current industry statistics. In particular estimating the packaged and processed value of our seafoods and the value and quantity of interstate trade.
The year to year variations between 2003-04 and 2004-05 are relatively small. While the beach value of seafoods increased by $19 million, the net gross revenue only increased by $5 million, as explained later.
There were modest gains in overseas exports (+$2 million) and net interstate trade (+$6 million). An increase in Tasmania's population of some 3,100 people and a continued strength in tourism, underpinned combined retail and foodservice sales in Tasmania of $127 million.
Interstate Trade is estimated on a net trade balance basis. While Tasmania might sell produce interstate and purchase goods from interstate at the same time, it is only possible to calculate the net trade according to the following formula:
Net Interstate Trade = Total production - Exports + Imports - Domestic Consumption
Food Revenue is calculated as:
Gross Food Revenue = Overseas Exports + Interstate sales + Retail Sales (in Tas) + Food Service Sales (in Tas)
Net Food Revenue = Gross Food Revenue - Overseas Imports - Interstate Imports
The main contribution features to the shape of the 2004-05 ScoreCard were:
- Abalone beach price increase of $5.50/kg resulted in the landed value increasing by $18 million. Overseas exports direct from Tasmania declined by $2.5 million. The value of interstate trade increased by $18 million, the majority of which was probably exported.
- A price increase of $1.60/kg of rock lobster resulted in the beach value increasing by $3 million. Exports direct from Tasmania remained unchanged. The value of interstate trade increased by $3 million, the majority of which was probably exported.
- Atlantic salmon production declined by 300 tonnes. The value of exports direct from Tasmania declined by $6.5 million, although the quantity shipped increased by 954 tonnes. The resultant price was significantly lower ($1.24/kg), reflecting the intense competition in international markets.
- In the next year (2005 - 06) that Atlantic salmon production increased markedly by some 3,777 tonnes and 'beach' prices increased by $3.70/kg. This will raise the gross value of production by $99 million and will be reported in the next seafood ScoreCard.
- Oyster production declined by 100,000 dozen or $0.5 million at harvest point - the impact of the flooding on the East Coast. A rise in exports ($0.27 million) offset reduced interstate sales ($1 million). The net gross revenue of oyster production fell by $0.66 million.
- The "beach" or landed value of abalone, rock lobster and Atlantic salmon still comprises 90% of the gross value of seafood production.
- The processing of Atlantic salmon accounts for the majority of seafood value adding.
- Abalone and Rock Lobster account for 83% of seafood exports to overseas countries.
- Exports to overseas countries accounted for 38% (by value) of seafood production.
- Net interstate trade accounted for 50% (by value) of seafood production.
- In total 87% of production (by value) is traded.
- Atlantic salmon is a large contributor to net interstate trade ($113 million). This is based on an annual domestic consumption estimate of 3kg per person in Tasmania.
Tasmanian seafood sales:
- Total annual fish consumption (including recreational fishing) was assumed to be 10.7 kg/person (in line with national consumption levels).
- Given the total catch and consumption data there is a shortfall in fish meat demand of some 3,700 tonnes. This is shown as a net interstate import of $20.9 million.
The ScoreCard is a desktop study using the industry data available - your feedback will help make this more reflective of industry practices and needs.
Download the ScoreCard:
Tasmanian Seafood Industry ScoreCard: 2004-05 (27 KB)