Australia and Oceania: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Australia and Oceania

In 2021, the market for caviar (salmon) and caviar substitutes in Australia and Oceania increased by 1.1% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a perceptible contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Australia and Oceania

In value terms, caviar (salmon) and caviar substitutes production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 59% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in Australia and Oceania

After two years of decline, overseas shipments of caviar (salmon) and caviar substitutes increased by 219% to X tons in 2021. Over the period under review, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 558% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, caviar (salmon) and caviar substitutes exports surged to $X in 2021. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 409% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of caviar (salmon) and caviar substitutes, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the caviar (salmon) and caviar substitutes exports, with a CAGR of -4.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest caviar (salmon) and caviar substitutes supplier in Australia and Oceania.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +9.3%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, picking up by 40% against the previous year. Over the period under review, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by 126%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +14.4% per year.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in Australia and Oceania

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were imported in Australia and Oceania; reducing by -8.4% against 2020. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.3% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 41%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, caviar (salmon) and caviar substitutes imports skyrocketed to $X in 2021. Overall, imports, however, enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia prevails in imports structure, reaching X tons, which was approx. 76% of total imports in 2021. It was distantly followed by New Zealand (X tons), French Polynesia (X tons) and New Caledonia (X tons), together generating a 23% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to caviar (salmon) and caviar substitutes imports into Australia stood at +2.5%. At the same time, New Zealand (+24.1%) and French Polynesia (+14.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +24.1% from 2012-2021. By contrast, New Caledonia (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand and French Polynesia increased by +7 and +5 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported caviar (salmon) and caviar substitutes in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was taken by French Polynesia ($X), with a 9.2% share of total imports. It was followed by New Zealand, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +17.2%. The remaining importing countries recorded the following average annual rates of imports growth: French Polynesia (+13.3% per year) and New Zealand (+18.6% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, rising by 50% against the previous year. In general, the import price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 110%. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was French Polynesia ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+14.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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