Australia and Oceania: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Australia and Oceania

The dried or smoked fish market in Australia and Oceania expanded modestly to $X in 2021, with an increase of 2.2% against the previous year. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Dried Or Smoked Fish in Australia and Oceania

In value terms, dried or smoked fish production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports in Australia and Oceania

In 2021, shipments abroad of dried or smoked fish was finally on the rise to reach X tons after three years of decline. In general, exports, however, showed a abrupt decrease. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, dried or smoked fish exports soared to $X in 2021. Over the period under review, exports, however, saw a pronounced decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand dominates exports structure, reaching X tons, which was near 93% of total exports in 2021. It was distantly followed by Australia (X tons), committing a 5.4% share of total exports.

New Zealand was also the fastest-growing in terms of the dried or smoked fish exports, with a CAGR of -2.6% from 2012 to 2021. Australia (-22.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +60 percentage points.

In value terms, New Zealand ($X) remains the largest dried or smoked fish supplier in Australia and Oceania, comprising 81% of total exports. The second position in the ranking was taken by Australia ($X), with a 12% share of total exports.

In New Zealand, dried or smoked fish exports increased at an average annual rate of +5.9% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, approximately equating the previous year. In general, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2013 when the export price increased by 39% against the previous year. The level of export peaked at $X per ton in 2020, and then dropped modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+8.7%).

Imports of Dried Or Smoked Fish

Imports in Australia and Oceania

In 2021, approx. X tons of dried or smoked fish were imported in Australia and Oceania; dropping by -2.7% on 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 19% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, dried or smoked fish imports amounted to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 -9.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) represented the major importer of dried or smoked fish, achieving 80% of total imports. It was distantly followed by New Zealand (X tons), constituting an 18% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to dried or smoked fish imports into Australia stood at -1.4%. At the same time, New Zealand (+20.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +20.5% from 2012-2021. While the share of New Zealand (+15 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-9.5 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported dried or smoked fish in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +3.7%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 2.9% against the previous year. Import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 36% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+9.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :