Australia and Oceania: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Australia and Oceania

The frozen fish and seafood market in Australia and Oceania skyrocketed to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Production of Frozen Fish And Seafood in Australia and Oceania

In value terms, frozen fish and seafood production rose slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Frozen Fish And Seafood

Exports in Australia and Oceania

In 2022, frozen fish and seafood exports in Australia and Oceania contracted notably to X tons, which is down by X% against the year before. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, frozen fish and seafood exports reduced to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

New Zealand (X tons) and Micronesia (X tons) represented roughly X% of total exports in 2022. Papua New Guinea (X tons) ranks next in terms of the total exports with a X% share, followed by Fiji (X%). The following exporters - Australia (X tons) and Solomon Islands (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Micronesia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, New Zealand ($X) remains the largest frozen fish and seafood supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Micronesia ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

In New Zealand, frozen fish and seafood exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Micronesia (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports in Australia and Oceania

In 2022, purchases abroad of frozen fish and seafood increased by X% to X tons, rising for the fourth consecutive year after four years of decline. Overall, imports, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen fish and seafood imports soared to $X in 2022. Over the period under review, imports saw a mild increase. The level of import peaked at $X in 2014; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Australia (X tons) represented the largest importer of frozen fish and seafood, constituting X% of total imports. It was distantly followed by Papua New Guinea (X tons), American Samoa (X tons), Fiji (X tons) and New Zealand (X tons), together constituting a X% share of total imports. The following importers - Solomon Islands (X tons) and Marshall Islands (X tons) - each resulted at a X% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of frozen fish and seafood. At the same time, Solomon Islands (X%), Marshall Islands (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%), American Samoa (X%) and Fiji (X%) illustrated a downward trend over the same period. Australia (X p.p.), Papua New Guinea (X p.p.), Solomon Islands (X p.p.) and Marshall Islands (X p.p.) significantly strengthened its position in terms of the total imports, while Fiji saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported frozen fish and seafood in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with an X% share of total imports. It was followed by American Samoa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and American Samoa (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 New Zealand ($X per ton), while Marshall Islands ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :