Aquaculture Industry in Australia - Doc

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Identify an Aquaculture focused Aquabusiness operating in Australia.Aquaculture production in AustraliaAs population increases in Australia and the world, demand for sustainable seafood alsoincreases. Demand for seafood in Australia has increased significantly in the past three decades.Australia's current seafood demand exceeds domestic supply and continues to grow. Domesticaquaculture has the potential to develop significantly to meet national and international needs.Aquaculture production takes place throughout Australia, from the tropical north to the south withtemperate climates. The aquaculture industry is mostly based in Australia and provides important andpositive contributions to regional development. From 2002 to 2003, the real gross value of aquacultureproduction increased by 12% ($ 108 million) to more than $ 1 billion. The biggest increase this decade isdue to the value of salmon (salmon and trout) and edible oysters. In 2012-2013, Salmonids, which comealmost exclusively from Tasmania, are Australia's most valuable $ 497 million fishery products. Thevalue of Australian aquaculture increased by around 25% between 2004 and 2005, reaching $ 1.1 billion.In 2012-2013, the value (and volume) of aquaculture production in Australia fell to more than $ 1 billion.This was mainly due to a decrease in fish and crustacean production and a decline in the value of fish,molluscs and crustaceans. In 2012-2013, aquaculture products accounted for 43% of Australia's seafoodproduction and 35% of its weight. The Australian Department of Agriculture and Resource Economicsand Natural Sciences (ABARES) has published an annual report on Australian fisheries and aquaculturestatistics. This report provides data on the scale and value of production from state, territorial andcommercial commercial fisheries (both wildlife and fisheries). These and many other reports can be foundon the ABARES publication page. Australia has an international reputation as a safe, sustainable andhigh-quality seafood producer. The majority of Australian aquaculture production comes from high-quality species such as pearls, salmon, tuna and oysters, but in Australia it produces more than 40 species.The five largest species groups of aquaculture production valuesare: salmon, tuna, edible oysters, pearloysters and shrimp. Other species that grow in Australia include: snails, freshwater fish such asbarramundi, cod murray, bass, brackish water fish or sea fish such as barramundi, snapper, yellow tailkingfish, mulloway, grouper, clams, ornamental fish, sponges , mud crabs and sea cucumbers.Identify its business units and products and services lines.Australia has built a reputation as a provider of safe and high-quality seafood through ecologicallysustainable practices. Seafood Farm Ltd producers focus on high-value domestic and foreign markets.The increasing demand for native Australian species and their proximity to Asian markets, along withglobally recognized quality standards for fish and seafood means that Australian aquaculture can
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