Australia and Oceania: Fish Parts Market 2024

Fish Parts Market Size in Australia and Oceania

The fish parts market in Australia and Oceania soared to $X in 2022, growing by 18% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.8% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Fish Parts Production in Australia and Oceania

In value terms, fish parts production soared to $X in 2022 estimated in export price. Overall, production posted a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 92%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Fish Parts Exports

Exports in Australia and Oceania

In 2022, overseas shipments of fish heads, tails and maws increased by 112% to X tons, rising for the third year in a row after two years of decline. In general, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 311% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, fish parts exports dropped slightly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 78%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand prevails in exports structure, reaching X tons, which was near 87% of total exports in 2022. It was distantly followed by Papua New Guinea (X tons), achieving a 9.6% share of total exports. Australia (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fish parts exports from New Zealand stood at -13.1%. At the same time, Australia (+19.6%) and Papua New Guinea (+8.5%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +19.6% from 2012-2022. While the share of Papua New Guinea (+8.4 p.p.) and Australia (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-11.5 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) emerged as the largest fish parts supplier in Australia and Oceania, comprising 61% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand was relatively modest. In the other countries, the average annual rates were as follows: Papua New Guinea (-2.6% per year) and Australia (+19.8% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, reducing by -54.7% against the previous year. In general, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 264% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+14.9%), while the other leaders experienced mixed trends in the export price figures.

Fish Parts Imports

Imports in Australia and Oceania

In 2022, approx. X tons of fish heads, tails and maws were imported in Australia and Oceania; picking up by 8.7% on the previous year's figure. Overall, imports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 35%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fish parts imports surged to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the key importer of fish heads, tails and maws in Australia and Oceania, with the volume of imports resulting at X tons, which was near 82% of total imports in 2022. New Zealand (X tons) took the second position in the ranking, followed by Papua New Guinea (X tons). All these countries together held approx. 18% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fish parts imports into Australia stood at -7.1%. At the same time, Papua New Guinea (+27.6%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +27.6% from 2012-2022. New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Australia, New Zealand and Papua New Guinea increased by +13, +6.8 and +5.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported fish heads, tails and maws in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 9.6% share of total imports.

In Australia, fish parts imports expanded at an average annual rate of +6.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+9.4% per year) and Papua New Guinea (+11.8% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by 75% against the previous year. In general, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2018 when the import price increased by 83%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+14.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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