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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.

Item Type:	Government or Industry Research
Research Division:	Agricultural, Veterinary and Food Sciences
Research Group:	Fisheries sciences
Research Field:	Fisheries management
Objective Division:	Animal Production and Animal Primary Products
Objective Group:	Fisheries - wild caught
Objective Field:	Wild caught rock lobster
UTAS Author:	Gardner, C (Professor Caleb Gardner)
UTAS Author:	Mackinnon, CJ (Mr Craig Mackinnon)
UTAS Author:	Haddon, M (Associate Professor Malcolm Haddon)
UTAS Author:	Frusher, SD (Professor Stewart Frusher)
ID Code:	70631
Year Published:	2004
Deposited By:	Sustainable Marine Research Collaboration
Deposited On:	2011-06-30
Last Modified:	2014-10-27
Downloads:	323 View Download Statistics