Australia and Oceania: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2025

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Australia and Oceania

The seafood meals and pellets market in Australia and Oceania dropped dramatically to $X in 2021, which is down by -17.2% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Australia and Oceania

In value terms, seafood meals and pellets production stood at $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in shipments abroad of flours, meals and pellets of fish or of crustaceans and molluscs, which increased by 61% to X tons in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +47.6% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, seafood meals and pellets exports soared to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand was the key exporting country with an export of around X tons, which accounted for 70% of total exports. It was distantly followed by Papua New Guinea (X tons), making up a 29% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to seafood meals and pellets exports from New Zealand stood at +4.3%. At the same time, Papua New Guinea (+15.6%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +15.6% from 2012-2021. From 2012 to 2021, the share of Papua New Guinea increased by +15 percentage points.

In value terms, New Zealand ($X) remains the largest seafood meals and pellets supplier in Australia and Oceania, comprising 84% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value in New Zealand stood at +6.2%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, rising by 23% against the previous year. Overall, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was New Zealand ($X per ton), while Papua New Guinea totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.8%).

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports in Australia and Oceania

In 2021, overseas purchases of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -22% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 55%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, seafood meals and pellets imports reduced remarkably to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 49% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then declined significantly in the following year.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was approx. 93% of total imports in 2021. It was distantly followed by New Caledonia (X tons), mixing up a 5.8% share of total imports.

Imports into Australia decreased at an average annual rate of -3.1% from 2012 to 2021. New Caledonia experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported flours, meals and pellets of fish or of crustaceans and molluscs in Australia and Oceania, comprising 94% of total imports. The second position in the ranking was taken by New Caledonia ($X), with a 5.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia was relatively modest.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, increasing by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 when the import price increased by 24%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.3%).

Source: IndexBox Platform

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