Commercial Fishing Report Summary

SIC Codes: 0912 0913 0919
NAICS Codes: 114111 114112 114119

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

Commercial Fishing Industry Overview

Excerpt from Commercial Fishing Report

Companies in this industry catch wild finfish, shellfish, and other marine products from their natural habitats. Major companies include American Seafood (based in the US), Clearwater Seafoods (Canada), Maruha Nichiro (Japan), and Nippon Suisan Kaisha (Japan). Large commercial fishing companies tend to be vertically integrated, encompassing fishing, freezing, and processing operations; smaller companies may have fishing operations only.

Competitive Landscape

Demand is driven by domestic trends in fish consumption and competition from imports. The profitability of individual companies depends on maximizing yield without depleting stocks. Industrial fisheries have advantages in fleet size and access to experienced crew members. Small-scale and “artisan” fisheries can compete effectively by serving a local market or by specializing in ultra-fresh fish. The US industry is highly fragmented: more than 90% of companies operate a single establishment and have four or fewer employees.

Products, Operations & Technology

Industry revenue is evenly split between shellfish and finfish. Major shellfish products are crab, shrimp, lobster, and scallops (each with about 10% of industry revenue). Major finfish products include Alaskan pollock, salmon, halibut, and cod. The US Exclusive Economic Zone (EEZ), the federal territory that extends 200 miles offshore, accounts for the vast majority of US fish and shellfish landings.

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