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Facts on the Northern Territory`s seafood industry
Investment
- Approximately half a billion dollars is invested in licences,
vessels and equipment that are operated in waters adjacent
to the Northern Territory.
- Over 650 businesses are directly involved in the professional
seafood industry, many having come from interstate to re-establish
in the Northern Territory.
- There is a very significant number of businesses such as
Chandles, mechanics, boat yards, electricians, refrigeration
specialist, carpenters, welders and other service providers
that are also dependent on a healthy seafood industry for
their continuing viability.
- Presently there are approximatly 330 registered commercial
vessels operated by the professional seafood industry in waters
adjacent to the Northern Territory.
Employment
- More than 1400 people are employed in the professional seafood
industry and the number is continuing to grow.
- An estimated $180 million in wages has been payed over
the past three years by businesses directly involved in the
professional seafood industry.
- During the past three years, more than 1100 people have
been formally trained in the Northern Territory to obtain
qualifications that are used in the industry.
Production
- In 2000, production from aquaculture and wild harvest from
waters adjcent to the Northern Territory was valued at $150.6
million.
- Between 1997-98 and 1999-2000, the production value totalled
$374.6 million. By the time this product reached the consumer
it had a conservatively estimated value of
$1 billion.
Markets
- The majority of Territorians rely on the professional seafood
industry for their local seafood supplies.
- The industry also sells product on every major Australian
seafood market.
- Northern Territory product is exported to markets in North
America, together with a number of countries in Europe and
Asia. These markets are continuing to expand.
Expenditure
Examples of expenditures by the professional seafood
industry which benefit businesses that service the industry are:
- An average mub crab fishery business spends at least $100,000
per annum in the operation of a licence, while an average
barramundi business can spend up to $150,000.
- An average shark vessel can spend up to $200,000 per annum
and a prawn trawler can spend significantly more.
- Tens of millions of dollars are spent on fuel each year
by vessels that harvest waters adjacent to the Northern Territory.
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