Tasmania’s Seafood Production Nears $1 Billion in Value

Seafood production from Australia’s island state of Tasmania is approaching the $1 billion mark according to an official government report.

The Tasmanian Seafood Industry Council released the Tasmanian Sustainable Agri-Food Score Card 2015-16 last month, which valued seafood production at $911 million, showing a 10.4% growth from the previous year.

Both wild-capture fisheries and aquaculture production saw an increase between 2014-2015 and 2015-2016. Wild fisheries are managed by quotas to maintain stocks, and aquaculture was responsible for 12% of growth in the seafood industry’s production. A few seafood items were of particularly high value in the last period: Rocklobster value grew by 6% to $95M, Abalone value increased by 3% to $83M, and Salmonid value increased by 14% to $704M!

Screen Shot 2017-10-30 at 12.43.08 PM
(credit: Tasmanian Government)

Tasmania’s seafood is largely destined for interstate sales, though $189 million worth of their seafood products went to 21 countries during 2015-2016, with China the primary purchaser, followed by Vietnam, Hong Kong, and Japan.

Much of Tasmania’s seafood sector growth is driven by the expanding production of salmonids, which includes Atlantic salmon and ocean trout. The state has a goal of reaching a $10 billion agri-food value by 2050, and is is on a seemingly solid path, despite the recent challenges of weather extremes.

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