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Australian fisheries – outlook and economic indicators. Robert Curtotti Manager – Fisheries Economics ABARES. World seafood consumption (live weight equivalent). Seafood consumption in 2008: (live weight equivalent). fresh. frozen, cured or canned. Source: FAO.
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Australian fisheries – outlook and economic indicators Robert Curtotti Manager – Fisheries Economics ABARES
Seafood consumption in 2008: (live weight equivalent) fresh frozen, cured or canned Source: FAO
Seafood supply (live weight equivalent): average 2005-2007 Source: FAO
World fisheries production Aquaculture Wild caught Mt Source: FAO
World trade by species group Source: FAO
World export price by commodity group crustaceans molluscs fish Source: FAO
Australian fisheries production Aquaculture Wild caught 2009-10 A$ billion
Average beach price - key species Abalone Rock lobster Tuna prawns
Fisheries trade mix in 2009-10 Imports 1.5 A$ billion Exports 1.2 A$ billion
Australian exports of fisheries products (2009-10 A$) 1999-00 2.7 $ billion 2009-10 1.2 $ billion
Outlook for Australian fisheries production 2010-11 A$ billion
Profitability over the medium term • Factors we can’t control • exchange rates • fish prices • fuel and other input prices • Fishery management • as cost effective as possible • set effort levels that are sustainable and that maximise economic returns
Role for economic indicators • Gross value of production • Economic returns • Productivity analysis • Profit decomposition analysis
Economic returns in the Commonwealth Trawl Sector of the Southern and Eastern Scalefish and Shark fishery (SESSF)
Productivity indices by scale of operation for the Commonwealth Trawl Sector Input index Productivity index Output index
Productivity indices by scale of operation for the Commonwealth Trawl Sector of the SESSF Fuel price Labour price Productivity Output price Profit
Summary • Profitability likely to remain under pressure over the medium term • Economic indicators provide information about trends in economic returns