From 2013 to 2023, the employment in the Australian aquaculture sector shows fluctuations with a general trend towards stability. Employment figures expressed in thousand persons decreased from 6.0 in 2013 to 6.0 in 2023, with brief variations in select years reaching up to 7.0 but reverting to 6.0 subsequently.
Year-on-year, notable variations were observed:
- 2013: -14.29%
- 2014: +16.67%
- 2016, 2021: -14.29%
- 2020: +16.67%
The five-year CAGR shows minor changes, with the average growth being relatively flat around 0%. The forecasted employment figures from 2024 to 2028 anticipate steady employment at 6.0 thousand persons, reflecting stability with minimal anticipated changes.
Future trends to watch for include advancements in sustainable aquaculture practices, technological innovations, and government policies impacting the sector. These factors could lead to changes in employment needs and opportunities. Keeping an eye on environmental challenges and market demands will be crucial in understanding future employment trends in the aquaculture industry.
