Fishing and Aquaculture in New Zealand - Industry Market Research Report

Reeling in the catch: Rising domestic seafood prices have aided revenue growth

Operators in the Fishing and Aquaculture industry have faced challenging operating conditions over the past five years. Movements in export earnings, which have been influenced by volatility in the value of the New Zealand dollar and the COVID-19 pandemic, have contributed to fluctuations in industry revenue. When the New Zealand dollar depreciates, it improves the competitiveness of domestically caught and farmed fish and seafood in overseas markets, and reduces the competitiveness of processed imports into the domestic market. Despite constrained export demand from key markets such as China during the peak of the COVID-19 pandemic, export earnings have risen over the past five years. The overall fall in the value of the dollar over the past five years has supported industry operators by boosting export competitiveness.

Industry operators primarily catch fish and other seafood. In addition, some industry players breed and farm finfish, molluscs and crustaceans.

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.