Australia and Oceania: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Australia and Oceania

The preserved mackerel market in Australia and Oceania rose to $X in 2021, increasing by 3.6% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Preserved Mackerel Production in Australia and Oceania

In value terms, preserved mackerel production reduced modestly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 63% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Preserved Mackerel Exports

Exports in Australia and Oceania

Preserved mackerel exports shrank markedly to X tons in 2021, waning by -18.5% on the previous year. Over the period under review, exports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 196%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved mackerel exports dropped to $X in 2021. In general, exports, however, showed a temperate increase. The pace of growth appeared the most rapid in 2016 with an increase of 78% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Fiji prevails in exports structure, reaching X tons, which was near 88% of total exports in 2021. It was distantly followed by New Zealand (X tons), generating a 5.8% share of total exports. Australia (X tons) and Papua New Guinea (X tons) followed a long way behind the leaders.

Fiji was also the fastest-growing in terms of the mackerel (prepared or preserved) exports, with a CAGR of +6.1% from 2012 to 2021. Papua New Guinea experienced a relatively flat trend pattern. New Zealand (-9.1%) and Australia (-12.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Fiji increased by +21 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Fiji ($X) remains the largest preserved mackerel supplier in Australia and Oceania, comprising 78% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 8.1% share of total exports. It was followed by Australia, with a 7.1% share.

In Fiji, preserved mackerel exports expanded at an average annual rate of +6.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (-2.9% per year) and Australia (-0.7% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, increasing by 5.9% against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% 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 2017 when the export price increased by 103%. 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 ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+13.0%), while the other leaders experienced more modest paces of growth.

Preserved Mackerel Imports

Imports in Australia and Oceania

In 2021, the amount of mackerel (prepared or preserved) imported in Australia and Oceania totaled X tons, surging by 4% compared with the previous year's figure. Total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31%. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, preserved mackerel imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

In 2021, Fiji (X tons) and Papua New Guinea (X tons) represented the main importers of mackerel (prepared or preserved) in Australia and Oceania, together achieving 45% of total imports. Samoa (X tons) ranks next in terms of the total imports with a 14% share, followed by New Zealand (8.2%), Vanuatu (8.1%) and Australia (7.6%). Kiribati (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 Kiribati (with a CAGR of +18.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved mackerel importing markets in Australia and Oceania were Papua New Guinea ($X), Fiji ($X) and Australia ($X), together accounting for 54% of total imports. These countries were followed by Samoa, New Zealand, Vanuatu and Kiribati, which together accounted for a further 30%.

Vanuatu, with a CAGR of +18.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, approximately mirroring the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 14% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 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 ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :