Fishing in the US Industry Market Research Report Now Available from IBISWorld
In the long term, the industry will benefit from measures taken to prevent overfishing, such as the license buyback scheme. This scheme will have broad ranging implications for industry revenue. It may reduce the number of establishments given the paucity of licenses, but it also may allow larger catches with fewer operators, increasing economies of scale and possibly make those companies that remain more profitable. For these reasons, industry research firm IBISWorld has added a report on the Fishing industry to its growing industry report collection.
Los Angeles, CA (PRWEB) August 17, 2012
The US Fishing industry operates commercial fishing on a global scale. Exports account for almost all of the US industry’s revenue, and imports largely satisfy US seafood demand. In other words, fish caught in American waters mostly end up on foreign plates where intense demand outstrips the available supply. In turn, supply shortages overseas due to strong demand make prices more lucrative for US operators. According to IBISWorld industry analyst Josh McBee, in Asian countries especially, US fishing firms can sell at better prices than at home. Meanwhile, Asian fisheries are able to supply fish cheaper than domestic operators; thus, the industry has acquired a trade deficit of about $ 7.0 billion for much of the past decade. The trade-weighted index plays a key role in understanding revenue movements; an overall depreciation of the US dollar’s value over the past five years has rendered a favorable environment for exports. Other influential factors on revenue include downstream demand from seafood preparation and per capita seafood consumption, while the prices for oil and seafood factor into profit margins. In the five years to 2012, industry revenue is expected to grow at an annualized rate of 4.6% to $ 5.7 billion on the back of strong export sales. In 2012 alone, revenue is expected to grow a marginal 0.6%; while disposable incomes increase, export demand is expected to level off as contamination fears following the Fukushima reactor scare in Japan die down.
Most participants in this industry are relatively small nonemploying firms. As such, industry concentration is very low. Fisheries management policies that restrict the number of operators issued commercial fishing licenses have increased concentration. Likewise, the limited availability of licenses spurs competition in the Fishing industry. Greater government regulation could increase concentration. For example, a reduction in the number of vessels permitted into a particular fishery would allow remaining incumbents to increase their share of the annual catch. If some firms succeed in cornering a market with exclusive legal rights to certain waters, their business could expand to gain a significant market share, says McBee. Even if such a scenario did occur in the United States, industry concentration would remain low because nonemployers currently have such a vast majority of establishments.
Overall, reduced per capita disposable income in the past five years has driven US consumers away from fish and seafood purchases, as fish and seafood are often featured as part of the “white tablecloth” dining market. Although concerns about red meat’s reported links to increased cancer risks have driven consumers to the industry’s alternative protein source, seafood’s higher prices relative to chicken and turkey have failed to fully capture the health-minded market. However, as the economy recovers and consumer spending picks up over the next five years, sales of fish are expected to rise. In addition, the trend toward health-consiousness is expected to gain traction, supporting demand. Through 2017, the Fishing industry is forecast to grow at at a steady rate. As marine-bound animal stocks recover after the 2010 BP oil spill, operators in the Gulf will be able to yield more pounds per catch and rebuild revenue. For more information, visit IBISWorlds Fishing in the US industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld industry Report Key Topics
Firms 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 firms that realize the bulk of their revenue through fish processing are also excluded.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Identical Booklet
[[[ Coaching Salespeople into Sales Champions: A Tactical Playbook for Managers and Executives ]]]
Coaching Salespeople into Sales Champions is the ultimate guide to maximizing team productivity through executive sales coaching. Between professional deadlines and other business responsibilities, most sales managers can?t find the time to develop their sales staff. This book shows you how to develop your own executive sales coaching skills so you can boost sales efficiency, train your staff to better performance, and hire and retain top sales talent.
————————————————
Pay a Visit To Listing with respect to Ikkotrader :
Ikkotraderhttp://www.portail-des-pme.fr/commercial-marketing/109-mieux-vendre-ses-produits-et-services-ou-comment-bien-gerer-son-argumentaire-commercial
————————————————
List Price: $ 29.95
Price: [price asin="0470142510"]
Â
[reviews asin="0470142510"]
[[[ Sales Management ]]]
Tanner is the only book on the market that prepares students to become effective sales managers in todayâ??s hyper-competitive, global economyâ??by integrating current technology, research, and strategic thinking activities.
KEY TOPICS: Strategic Planning; Sales Leadership; Analyzing Customers and Markets; Designing and Developing the Sales Force; Process Management; Measurement, Analysis, and Knowledge Management; Cases
For anyone looking for an up-to-date book on sales management with
List Price: $ 209.20
Price: [price asin="0132324121"]
Â
[reviews asin="0132324121"]
