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Tasmanian Rock Lobster Fishery 2002/03

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posted on 2023-05-25, 17:46 authored by Caleb GardnerCaleb Gardner, Mackinnon, CJ, Malcolm HaddonMalcolm Haddon, Stewart FrusherStewart Frusher
The economic value of the Tasmanian rock lobster fishery contributes significantly to the State’s regional economy. The fishery has recreational and commercial components, the latter generating an estimated $184.5 million p.a. ($65 million directly from landed value) and 1350 full-time-equivalent jobs in the harvesting and processing sectors in 2002. Recreational fishing also has a significant impact on the economy of regional centres with a recent national survey estimating the direct economic impact of all recreational fishing in Tasmania at $50 million. The Tasmanian rock lobster fishing industry is a source of significant economic growth to the State, with an 24.1% and 16.3% increase in the value of landed product in 2001 and 2002 respectively. Annual rate of growth in revenue has been matched by an increase in capital value at a compound rate of 18% per annum over the last decade. This increase in economic benefit has come at a time when some other marine industries in Tasmania have exhibited stalled growth in profitability and a loss of capital value.

History

Publication title

Fishery Assessment Report

Commissioning body

Tasmanian Aquaculture and Fisheries Institute

Issue

2004

Pagination

81

Department/School

Institute for Marine and Antarctic Studies

Publisher

Tasmanian Aquaculture and Fisheries Institute

Place of publication

Hobart, Tasmania

Rights statement

Copyright 2003 Tasmanian Aquaculture and Fisheries Institute, Institute of Marine and Antarctic Studies, University of Tasmania.

Repository Status

  • Open

Socio-economic Objectives

Wild caught rock lobster

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