Australia and Oceania: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Australia and Oceania

The meat and fish extracts market in Australia and Oceania soared to $X in 2021, rising by 47% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Australia and Oceania

In value terms, meat and fish extracts production dropped to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 9.3% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports in Australia and Oceania

In 2021, overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs decreased by -22.1% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 42% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, meat and fish extracts exports dropped modestly to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.2% against 2018 indices. The growth pace was the most rapid in 2020 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

New Zealand dominates exports structure, resulting at X tons, which was approx. 96% of total exports in 2021. Australia (X tons) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the extracts and juices of meat, fish, crustaceans and molluscs exports, with a CAGR of +1.9% from 2012 to 2021. Australia (-17.0%) illustrated a downward trend over the same period. While the share of New Zealand (+16 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-14.6 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest meat and fish extracts supplier in Australia and Oceania, comprising 99% of total exports. The second position in the ranking was held by Australia ($X), with a 0.5% share of total exports.

In New Zealand, meat and fish extracts exports increased at an average annual rate of +5.3% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, rising by 25% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 52%. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.1%).

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports in Australia and Oceania

In 2021, after two years of decline, there was significant growth in overseas purchases of extracts and juices of meat, fish, crustaceans and molluscs, when their volume increased by 22% to X tons. Over the period under review, imports continue to indicate perceptible growth. The pace of growth was the most pronounced in 2018 when imports increased by 1,879% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, meat and fish extracts imports skyrocketed to $X in 2021. In general, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 270%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Australia was the major importer of extracts and juices of meat, fish, crustaceans and molluscs in Australia and Oceania, with the volume of imports accounting for X tons, which was near 59% of total imports in 2021. It was distantly followed by New Zealand (X tons), mixing up a 37% share of total imports. Kiribati (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Kiribati (with a CAGR of +60.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Kiribati ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 99% of total imports.

Kiribati, with a CAGR of +49.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, jumping by 26% against the previous year. Overall, the import price continues to indicate a noticeable increase. The growth pace was the most rapid in 2019 when the import price increased by 1,915%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Kiribati ($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 (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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