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Socio-economic characteristics such as age, gender, educational attainment, employment status, and income\udcontain vital information about how an industry may respond to changing circumstances, and hence are of importance\udto decision makers. While some socio-economic studies exist, relatively little attention has been given to fishery\udand aquaculture industries in regards to their socio-economic profiles and their role in the development prospects of\udthese industries. In this study, by way of example, we focus on Australia’s Sydney rock oyster (Saccostrea glomerata)\ud(SRO) industry. The aim of this study was identify the socio-economic profile of the SRO industry and to illustrate the\udvalue of such information for an industry management assessment. The SRO industry has experienced a major decrease\udin production volume since the late 1970 and continues to be affected by prevailing diseases and increasing market\udcompetition from Australia’s Pacific oyster (Crassostrea gigas) industry. It is likely that socio-economic aspects have\udinfluenced this development within the SRO industry. The socio-economic profile was developed using data from a\udSRO industry farm survey which was undertaken in 2012. Findings suggested that this industry is characterised by a\udmature aged oyster farmer population and a part-time oyster farming approach. These characteristics may affect the\udfarmers’ ability to drive innovation and growth. The results also suggested that there may be potential industry entry barriers present in the SRO industry which may prevent younger people taking up oyster farming. Given the results, the study concluded that the current socio-economic profile of the industry has likely contributed to the present economic status quo of the industry

Socio-economic determinants for industry development: the case of Australia’s Sydney rock oyster industry