Australia and Oceania: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Australia and Oceania

The market for fresh or chilled salmonoids meat in Australia and Oceania contracted notably to $X in 2022, dropping by -47.2% against the previous year. In general, consumption saw a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Salmonoids Meat in Australia and Oceania

In value terms, fresh or chilled salmonoids meat production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a moderate increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 20,509,200% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports in Australia and Oceania

In 2022, the amount of fresh or chilled salmonoids meat exported in Australia and Oceania soared to X tons, increasing by 232% against the previous year. Over the period under review, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by 354%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids meat exports surged to $X in 2022. Overall, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 134%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, New Zealand (X tons) represented the major exporter of fresh or chilled salmonoids meat, committing 79% of total exports. It was distantly followed by Australia (X tons), creating a 21% share of total exports.

Exports from New Zealand decreased at an average annual rate of -7.5% from 2012 to 2022. At the same time, Australia (+89.4%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +89.4% from 2012-2022. While the share of Australia (+21 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-21.2 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest fresh or chilled salmonoids meat supplier in Australia and Oceania, comprising 92% of total exports. The second position in the ranking was taken by Australia ($X), with an 8.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in New Zealand stood at -5.5%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, which is down by -58.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 187%. As a result, the export price reached the peak level of $X per ton, and then contracted markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.1%).

Imports of Fresh Or Chilled Salmonoids Meat

Imports in Australia and Oceania

In 2022, approx. X tons of fresh or chilled salmonoids meat were imported in Australia and Oceania; shrinking by -25.3% on the year before. In general, imports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 2,820% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids meat imports dropped rapidly to $X in 2022. Overall, imports showed a dramatic decline. The pace of growth appeared the most rapid in 2015 when imports increased by 2,670%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Palau dominates imports structure, recording X tons, which was near 94% of total imports in 2022. Australia (X kg) and Samoa (X kg) followed a long way behind the leaders.

Palau was also the fastest-growing in terms of the fresh or chilled salmonoids meat imports, with a CAGR of +48.0% from 2012 to 2022. At the same time, Samoa (+4.4%) displayed positive paces of growth. By contrast, Australia (-42.3%) illustrated a downward trend over the same period. Palau (+94 p.p.) and Samoa (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -60.1% from 2012 to 2022, respectively.

In value terms, Palau ($X) constitutes the largest market for imported fresh or chilled salmonoids meat in Australia and Oceania, comprising 91% of total imports. The second position in the ranking was held by Australia ($X), with a 4.2% share of total imports.

In Palau, fresh or chilled salmonoids meat imports expanded at an average annual rate of +35.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (-38.9% per year) and Samoa (+13.5% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by 6.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 15%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Palau ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Samoa (+8.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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