Growing salmon for our future...
Tasmania’s primary industries are the engine room of our economy and salmonid (Atlantic salmon and Ocean trout) aquaculture has the potential to significantly power our state’s economic growth. In 2015 KPMG, in association with Professor John Mangan from the University of Queensland, conducted a study into the economic contribution of the salmonid (Atlantic salmon and Ocean trout)
aquaculture industry to the Tasmanian economy.
Their analysis found that in terms of state wide economic impacts, the industry in Tasmania generates the following results per annum:
• average annual Turnover or Gross Output of $1.12 billion (the total value of industry production)
• annual Value added or net additions to Gross State Product (GSP) of $625.9 million
• annual gain to factor income of $366.8 million (income paid to individuals and firms), and
• support for approximately 2,786 FTE jobs (full time positions employed in, or supported by the industry).
The report also includes analysis of the economic significance of the industry’s leakage effect on the rest of the Australian economy. The results highlight the importance of the industry to Tasmania and the rest of Australia. Here is the link to the full report.
Salmon farming is a ‘growing trend’
As the global supply of seafood from wild fisheries is limited, salmon aquaculture has the opportunity to meet this growing world demand through increased production. Aquaculture is the world’s fastest developing source of animal protein, growing by more than 60 percent over the past decade. The United Nations Food and Agriculture Organization reports that by 2025 over half of all seafood consumed globally will be farm produced. People around the world want to eat more seafood and Tasmania can supply a safe and sustainable product.
Tasmanian Atlantic salmon is comparatively a higher-value/premium product and we have some distinct advantages when it comes to growing, processing and selling salmon to domestic and export markets:
- We have access to waterways that are pristine and remote.
- Our aquaculture industry has a reputation for high environmental performance and a legislative framework that ensures this is maintained.
- We have world-leading food safety, animal health and animal welfare standards. Salmon is a ‘safe food’.
- Tasmania’s geographic isolation and biosecurity measures mean we are free from diseases and pests commonly affecting aquaculture production elsewhere in the world.
- We have good trading conditions and proximity to key emerging Asian markets.
When you eat Tasmanian Atlantic Salmon you are supporting a great Australian industry and enjoying the freshest salmon available because it is grown locally.
More specific information can always be found the company websites: