Tō Mātou Ahumahi Industry

• Export revenue for the Seafood industry is forecast to continue to increase over the next two years, with a substantial increase forecast for the Aquaculture industry driven by growing consumer demand for mussels, salmon and oysters.
• The development of open ocean farming is expected to significantly increase future export revenue for Aquaculture¹.  
• Wild Capture continues to account for most of the total export value in the Seafood industry (currently around 75% of revenue).  
• The Seafood industry’s contribution to GDP, in particular from Fishing and Aquaculture, is expected to steadily increase over the next five years, bouncing back from a decline from 2019 to 2022.

 Industry dataset (economic indicators and labour market dynamics)  

Source: Linked Employer-Employee Data, Stats NZ² 

Note that in the source for GDP estimates, Shearing has been combined with cropping and agricultural support services. It is not possible for us to separate out the Shearing data from this estimate. It is reported here for context and completeness, but most of the contribution for this category will be related to agricultural support services (see Support Services industry).