Tasmanian Seafood Industry ScoreCard: 2005-06 and 2006-07

Assorted fishing vessels at Charles Street Jetty at Triabunna, Tasmania.In recent years the Tasmanian seafood industry has shown significant growth. Since 2004 - 05 the beach value of seafood has increased by $189 million. Increased salmon production has been the major contributor (+$165 million) to growth. Gross seafood revenue generated has increased by $279 million.

Net interstate trade has almost doubled since 2004-05 (+ $206 million). Increased salmon production was the major contributor ($194 million) to growth in interstate trade. There were modest gains in overseas exports (+ $12 million). As a result of increased salmon sales, net interstate seafood trade is now more than three times the value of overseas exports.

An increase in Tasmania's population of some 8,000 people and a continued strength in tourism, underpinned increased seafood retail and foodservice sales in Tasmania of $61 million.

The Tasmanian Food Industry Scorecard is a simple method for keeping track on the value of the industry. Using the scorecard method it is possible to look at the seafood industry value chain. It is particularly useful to fill gaps in current industry statistics, such as estimating the packaged and processed value of our seafoods and the value and quantity of interstate trade. This report captures those assessments.

The 2006-07 value of seafood production is summarised in the following diagram.

Seafood industry scorecard

 

Tasmanian Seafood Industry ScoreCard - 2006-07

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

Tasmanian Seafood Industry ScoreCard - 2005-06

Since the last seafood scorecard report (2004-05) there has been significant growth in industry production. The main contribution features to the shape of the current seafood scorecard are:
  • The "beach" or landed value of abalone, rock lobster and Atlantic salmon still comprises 92% of the gross value of seafood production.
  • Atlantic salmon production increased markedly by some 4,420 tonnes. This has raised the gross value of production by $165 million. This report is based on industry statistics for 2006-07. Last year salmon production increased by a further 3,000 tonnes valued at $42 million. The processing of Atlantic salmon accounts for the majority of seafood value adding.
  • Increased salmon production was the major contributor ($194 million) to growth in interstate trade. The net interstate seafood trade is now more than three times overseas exports. Current interstate sales of salmon are projected to be $307 million, making salmon one of Tasmania's major food trade items. If current industry expansion rate is maintained then the value of interstate sales of salmon could approach the value of all food exports to overseas counties, which is currently valued at $488 million (2007-08).
  • Abalone beach price increased by $3.60/kg which resulted in the landed value increasing by $3.6 million. Overseas exports direct from Tasmania increased by $2.5 million. The value of interstate trade increased by $3 million, the majority of which was probably exported.
  • A price increase of $9.36/kg of rock lobster resulted in the beach value increasing by $12 million. Exports direct from Tasmania increased by $8.4 million. The value of interstate trade increased by $3 million and accounted for 46% of production; the majority of which was probably exported.
  • Oyster production declined by 72,000 dozen or $0.5 million at harvest point. Overseas exports increased ($0.11 million) and interstate sales were lower ($3.2 million).

Seafood trade:

  • Abalone and Rock Lobster account for 84% of seafood exports to overseas countries.
  • Exports to overseas countries accounted for 24% (by value) of seafood production. In 2005-06 it was 38%.
  • Net interstate trade accounted for 67% (by value) of seafood production. In 2005-06 it was 50%.
  • In total 91% of production (by value) is traded.
  • Atlantic salmon is a large contributor to net interstate trade ($307 million). This estimate 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).
  • The projected net interstate imports of seafoods are 2,700 tonnes, in order to meet projected consumption estimates. While the volume of interstate imports has fallen, the value of net interstate imports increased by $6 million to $27 million, due to higher prices.
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: 2005-07 (176 KB)


Further Information

Contact

Agricultural Economist
Mary Bennett
GPO Box 44
Hobart TAS 7001
Phone: 03 6165 3163
Email: Mary.Bennett@dpipwe.tas.gov.au

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