Tasmanian Fisheries and Aquaculture Industry Economic Contributions 2022/23

This report presents the economic contribution of seven (7) key fisheries and aquaculture sectors, inclusive of processing, to the Tasmanian economy for the 2022/23 financial year: - Tasmanian Rock Lobster Fishery; - Tasmanian Dive Sector (Abalone Fishery, Commercial Dive Fishery); - Tasmanian Scalefish Fishery; - Tasmanian Salmonid Aquaculture; - Tasmanian Pacific Oyster Aquaculture; and - Tasmanian Abalone Aquaculture. It also reports previously published contributions for six (6) fisheries and aquaculture sectors (Tasmanian Rock Lobster Fishery; Tasmanian Abalone Fishery; Tasmanian Scalefish Fishery; Tasmanian Salmonid Aquaculture; Tasmanian Pacific Oyster Aquaculture; and Tasmanian Abalone Aquaculture), exclusive of processing, to the Tasmanian economy for the 2020/21 and 2018/19 financial years: The economic contribution of these fisheries and aquaculture sectors are measured through the following indicators: - Gross Value Added (GVA) - Contribution to Household Income - Number of persons employed - Contribution to the total full-time equivalent (FTE) workforce The work was undertaken by the Institute for Marine and Antarctic Studies at the University of Tasmania in collaboration with BDO and builds on the foundations and approach set out in 2017/18 National Fisheries and Aquaculture Industry Contributions Study (FRDC 2017-210). To generate the values for the indicators listed above, the framework recommended in Australian Fisheries and Aquaculture Industry: Economic Contributions Estimates - Practitioner Guidelines 2019 (IMAS 2020) was applied. For the analysis in this report, the contribution of immediate processing or farm gate retail activity is not included. The estimates are based on the best available information at the time of writing and apply input-output modelling (developed by BDO) that uses the economic profiles and conversion to basic prices as provided by IMAS. The study was conducted to contribute to the measuring and monitoring of the contribution of Tasmania’s seafood production activities to the economic prosperity and wellbeing of Tasmanians. This dataset includes the economic contribution of seafood processing for the 2022/23 year.