$4.7bn
$XX.Xm
4,920
837
$XXX.Xm
Fish and seafood wholesalers have faced a challenging operating environment in recent years. Wholesale bypass has driven industry revenue down. In particular, the major supermarkets – Coles, Woolworths and ALDI – are looking elsewhere, purchasing seafood directly from fish and seafood processors to gain greater control over their supply chains and reduce costs. The pandemic disrupted supply chains and negatively affected downstream demand from the food-service sector. However, consumers’ revenge spending once pandemic restrictions eased has slowed the industry's revenue decline. Overall, industry revenue is expected to have diminished at an annualised 2.5% over the five years through 2023-24 to an estimated $4.7 billion. This trend includes an anticipated dip of 2.7% in 2023-24 as discretionary incomes and inflation diminish real revenue growth.
Industry revenue has declined at a CAGR of 2.6 % over the past five years, to reach an estimated $4.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Tassal | 176.1 | |
Oceania Seafoods Pty Ltd | N/A |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Prawns, Salmonoids and Tuna. Prawns is the largest segment of the Fish and Seafood Wholesaling in Australia.
Salmonoid revenue is flying, as demand and global salmon prices climb
Industry operators primarily purchase fish and seafood from the aquaculture, wild fishing and seafood processing industries. These products may be repackaged or sold straight to specialist fish and seafood retailers, supermarkets, food catering companies, cafes, hotels and restaurants. The industry excludes wholesaling canned fish or seafood. The industry also excludes processing activities such as freezing whole finfish and shelling, freezing or bottling oysters in brine.
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ANZSIC 3604 - Fish and Seafood Wholesaling in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Wholesalers have been in an intensifying battle with their suppliers. Heatwaves and other global events have impacted fish and seafood supply chains, with wholesalers having ...
Learn about an industry's products and services, markets and trends in international trade.
Fishmongers and food service establishments have bounced back from tougher pandemic trading conditions. Despite rising inflation, consumers have opted to spend money on servi...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Tasmania and Queensland are over-represented in the industry compare to their populations. The aquaculture and wholesaling hubs in these states have inspired more intense ind...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price competition keeps profitability low. Buyers can choose from various wholesalers that tend to provide homogeneous services. Wholesalers that are vertically integrated wi...
Learn about the performance of the top companies in the industry.
Tassal has looked to expand its empire. Tassal has grown its prawn offerings in recent years, diversifying its strengths. Additionally, the company recently acquired some Bar...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Seafood consumption has dipped. Consumers are facing tighter budget constraints, limiting their likelihood to spend on healthier, higher cost meat like fish.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wholesalers have managed to reduce purchase costs as a share of revenue. Despite rising seafood prices from their suppliers, wholesalers have worked to generate stronger retu...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Fish and Seafood Wholesaling industry in Australia is $4.7bn in 2024.
There are 837 businesses in the Fish and Seafood Wholesaling industry in Australia, which has declined at a CAGR of 0.3 % between 2019 and 2024.
The market size of the Fish and Seafood Wholesaling industry in Australia has been declining at a CAGR of 2.6 % between 2019 and 2024.
Over the next five years, the Fish and Seafood Wholesaling industry in Australia is expected to grow.
The biggest companies operating in the Fish and Seafood Wholesaling market in Australia are Tassal and Oceania Seafoods Pty Ltd
Prawns and Salmonoids are part of the Fish and Seafood Wholesaling industry.
The company holding the most market share in Australia is Tassal.
The level of competition is high and increasing in the Fish and Seafood Wholesaling industry in Australia.