Australia and Oceania: Frozen Fish Market 2024

Frozen Fish Market Size in Australia and Oceania

The frozen fish market in Australia and Oceania skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Frozen Fish Production in Australia and Oceania

In value terms, frozen fish production contracted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Frozen Fish Exports

Exports in Australia and Oceania

In 2022, approx. X tons of frozen fish were exported in Australia and Oceania; with a decrease of X% compared with the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, frozen fish exports dropped to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, Micronesia (X tons) and New Zealand (X tons) were the main exporters of frozen fish in Australia and Oceania, together committing X% of total exports. 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) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Micronesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish supplying countries in Australia and Oceania were New Zealand ($X), Micronesia ($X) and Papua New Guinea ($X), together accounting for X% of total exports.

Micronesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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.

Frozen Fish Imports

Imports in Australia and Oceania

In 2022, the amount of frozen fish imported in Australia and Oceania was estimated at X tons, increasing by X% against 2021. Over the period under review, imports, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen fish imports rose remarkably to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia was the key importer of frozen fish in Australia and Oceania, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Papua New Guinea (X tons), American Samoa (X tons), Fiji (X tons) and Solomon Islands (X tons), together generating a X% share of total imports. Marshall Islands (X tons) and New Zealand (X tons) took a minor share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of frozen fish. 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, American Samoa (X%), New Zealand (X%) and Fiji (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia, Papua New Guinea, Solomon Islands and Marshall Islands increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, frozen fish imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: American Samoa (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2019; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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