Industry Analysis & Industry Trends
The Seafood Processing industry in the United Kingdom is expected to contract 2.2% per annum over the five years through 2011-12 to be worth £2.42 billion. In the current year, revenue growth has stagnated. The industry fillets, cans, preserves, salts, freezes, crumbs and transforms seafood into products purchased in supermarkets, specialist retailers and sold to food services and catering industries. As such, the industry's fortunes are closely linked to seafood catch volumes, seafood prices and household expenditure on seafood.
Although industry revenue contracted on average over the past five years, year-to-year performance differed considerably. The global credit crunch during 2008-09 caused a 9.1% decline in revenue... purchase to read moree
Industry Report - Industry Locations Chapter
Scotland is home to the largest fishing fleet in the United Kingdom, with Scottish fishermen generating over 60% of fishing revenue. As such, it is not a surprise to find the majority of seafood processing facilities are found in Scotland. Scottish seafood processors generate just over 40% of total revenue to the Seafood Processing industry. Yorkshire also has a large fishing industry, and as such, is the second-largest region in contribution to total revenue. British Seafood, the industry's largest player until February 2010, controlled several businesses based in Grimsby, Yorkshire. This included Five Star Fish and Grimsby Fish Trading Company. These businesses help boost Yorkshire's share of total industry revenue... purchase to read more