1.3 Value of the industry
The seafood industry is the fourth largest sector of the Australian food industry (by value) after beef, wheat, and milk. The gross value of production (GVP) during 2000-01 was estimated at $2.48 billion (adjusted figure)61. Since 1992, the GVP increased, on average, by 10 per cent per annum and aquaculture’s share has risen from 15 per cent to 30 per cent.62
Most species cultured in Australia are high unit value species such as southern blue fin tuna, Kuruma prawns, bivalve molluscs and Atlantic salmon. A breakdown of production by the Australian commercial fishing industry is shown in Figures 1 and 2.
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