Intraco - Competitors

Intraco Competition

Now Viewing Intraco's competition in: Commercial Fishing and Seafood Distribution

Recent Developments

Louisiana Shrimpers Face Tough Challenges - Drastic increases in the price of diesel, combined with pricing pressure from imported shrimp, are forcing many shrimpers in Louisiana to sell their boats and leave the shrimping business. US shellfish imports were down 4.5 percent in the first three months of 2008 compared to the same period in 2007. Despite the overall decrease, imports increased from several countries including Indonesia, 50 percent; Honduras, 43 percent; and Malaysia, 32 percent. Diesel prices increased 44 percent in April 2008 compared to the previous year.

West Coast Ocean Salmon Fishery Declared Failure - In May 2008 the National Marine Fisheries Service declared the West Coast ocean salmon fishery a failure following the sudden collapse of the Chinook salmon run in the Sacramento River where the fish spawn. Congress may appropriate funds to relieve the economic impact of the collapse in California, Oregon, and Washington. The fishery's failure is estimated to cost $22 million in lost income for commercial and sport fishermen.

Fresh, Frozen Seafood Producer Prices Rise - Producer prices for fresh packaged fish and seafood rose 7.7 percent in March 2008 compared to the previous year; frozen packaged fish and seafood prices increased 7.5 percent. The overall price increases for seafood products, however, aren't keeping pace with some of the overhead costs associated with commercial fishing, namely diesel fuel, which has seen double-digit price increases since the beginning of 2008.

Competitive Landscape

Consumer demand and changing tastes drive the industry. The profitability of individual operations depends on volume. Small companies can compete effectively with large ones in specialty or local markets. Processing plants that produce fresh and frozen products typically have between 50 and 250 workers and average annual revenue of $160,000 per worker. Canning operations are usually smaller, with fewer than 100 workers, but with higher throughput, about $200,000 of annual revenue per worker.

Full Industry Overview For Commercial Fishing and Seafood Distribution

Commercial Fishing and Seafood Distribution Industry Forecast

from Hoover's/D&B subsidiary First Research

US personal consumption expenditures for fish and seafood are forecast to grow at an annual compounded rate of 3.8 percent between 2007 and 2012.

Consumer Spending Growth on Fish and Seafood Slows

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.