Australia and Oceania: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Australia and Oceania

The fresh fish fillet market in Australia and Oceania expanded slightly to $X in 2021, increasing by 4.5% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Fresh Fish Fillet Production in Australia and Oceania

In value terms, fresh fish fillet production rose slightly to $X in 2021 estimated in export price. In general, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 30%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Fresh Fish Fillet Exports

Exports in Australia and Oceania

After two years of decline, overseas shipments of fresh or chilled fish fillets increased by 22% to X tons in 2021. Over the period under review, exports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fresh fish fillet exports skyrocketed to $X in 2021. Total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 42% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

New Zealand prevails in exports structure, resulting at X tons, which was approx. 94% of total exports in 2021. It was distantly followed by Australia (X tons), achieving a 4.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to fresh fish fillet exports from New Zealand stood at -2.9%. At the same time, Australia (+9.8%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +9.8% from 2012-2021. From 2012 to 2021, the share of Australia and New Zealand increased by +3.3 and +2.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest fresh fish fillet supplier in Australia and Oceania, comprising 92% of total exports. The second position in the ranking was held by Australia ($X), with a 7.6% share of total exports.

In New Zealand, fresh fish fillet exports expanded at an average annual rate of +5.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, surging by 9.1% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh fish fillet export price increased by +103.6% against 2012 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by 51% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

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 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%).

Fresh Fish Fillet Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of fresh or chilled fish fillets decreased by -12.2% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2016 when imports increased by 6.3% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fresh fish fillet imports expanded notably to $X in 2021. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2017 when imports increased by 17%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was near 91% of total imports in 2021. It was distantly followed by New Zealand (X tons), mixing up a 5.2% share of total imports.

Australia was also the fastest-growing in terms of the fresh or chilled fish fillets imports, with a CAGR of -11.5% from 2012 to 2021. New Zealand (-12.6%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported fresh or chilled fish fillets in Australia and Oceania, comprising 95% of total imports. The second position in the ranking was held by New Zealand ($X), with a 1.8% share of total imports.

In Australia, fresh fish fillet imports contracted by an average annual rate of -4.7% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, jumping by 21% against the previous year. Import price indicated a prominent expansion from 2012 to 2021: its price 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. The most prominent rate of growth was recorded in 2018 when the import price increased by 36%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.6%).

Source: IndexBox Platform

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