Australia and Oceania: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Australia and Oceania

In 2021, the frozen whole fish market in Australia and Oceania decreased by -20% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption saw a perceptible setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Frozen Whole Fish Production in Australia and Oceania

In value terms, frozen whole fish production rose slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 17%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Frozen Whole Fish Exports

Exports in Australia and Oceania

In 2021, shipments abroad of frozen whole fish was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 14% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen whole fish exports surged to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 19%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons) and New Zealand (X tons) represented the key exporters of frozen whole fish in 2021, finishing at approx. 45% and 31% of total exports, respectively. It was distantly followed by Micronesia (X tons), generating a 12% share of total exports. The following exporters - Fiji (X tons), Australia (X tons) and Solomon Islands (X tons) - together made up 10% of total exports.

From 2012 to 2021, the biggest increases were recorded for Micronesia (with a CAGR of +10.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), New Zealand ($X) and Australia ($X) were the countries with the highest levels of exports in 2021, with a combined 81% share of total exports.

Papua New Guinea, with a CAGR of +9.3%, saw the highest rates of growth with regard to 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

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 6.3% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 14%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while Micronesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+4.9%), while the other leaders experienced more modest paces of growth.

Frozen Whole Fish Imports

Imports in Australia and Oceania

In 2021, approx. X tons of frozen whole fish were imported in Australia and Oceania; shrinking by -14% against the previous year. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 65%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, frozen whole fish imports shrank to $X in 2021. Over the period under review, imports saw a pronounced contraction. The pace of growth appeared the most rapid in 2014 with an increase of 61%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Papua New Guinea (X tons) and American Samoa (X tons) were the major importers of frozen whole fish in Australia and Oceania, together achieving 51% of total imports. Fiji (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Australia (12%), Solomon Islands (7.1%) and Samoa (5.9%). Marshall Islands (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Solomon Islands (with a CAGR of +17.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, American Samoa ($X), Australia ($X) and Papua New Guinea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 62% of total imports. These countries were followed by Solomon Islands, Fiji, Samoa and Marshall Islands, which together accounted for a further 28%.

In terms of the main importing countries, Solomon Islands, with a CAGR of +23.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, with an increase of 6.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 26%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Samoa (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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