Australia and Oceania: Preserved Salmon Market 2024

Preserved Salmon Market Size in Australia and Oceania

The preserved salmon market in Australia and Oceania contracted slightly to $X in 2021, remaining relatively unchanged against the previous year. Over the period under review, consumption showed a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of 6.4%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Preserved Salmon Production in Australia and Oceania

In value terms, preserved salmon production soared to $X in 2021 estimated in export price. In general, production posted a strong expansion. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Preserved Salmon Exports

Exports in Australia and Oceania

In 2021, shipments abroad of salmon (prepared or preserved) decreased by -47.6% to X tons, falling for the second consecutive year after three years of growth. Overall, exports saw a pronounced reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 246%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, preserved salmon exports fell notably to $X in 2021. In general, exports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2013 when exports increased by 204% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Australia (X tons) was the main exporter of salmon (prepared or preserved), generating 89% of total exports. It was distantly followed by New Zealand (X tons), achieving a 10% share of total exports.

Australia was also the fastest-growing in terms of the salmon (prepared or preserved) exports, with a CAGR of +3.2% from 2012 to 2021. New Zealand (-14.9%) illustrated a downward trend over the same period. While the share of Australia (+42 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-20.5 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest preserved salmon supplier in Australia and Oceania, comprising 80% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 19% share of total exports.

In Australia, preserved salmon exports expanded at an average annual rate of +10.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, rising by 41% against the previous year. Overall, the export price showed prominent growth. The most prominent rate of growth was recorded in 2016 when the export price increased by 88%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

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 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+8.1%).

Preserved Salmon Imports

Imports in Australia and Oceania

Preserved salmon imports reduced to X tons in 2021, which is down by -14.1% compared with the previous year. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 17%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, preserved salmon imports declined to $X in 2021. Overall, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 when imports increased by 21%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) was the major importer of salmon (prepared or preserved), constituting 86% of total imports. It was distantly followed by New Zealand (X tons), making up a 13% share of total imports.

Australia was also the fastest-growing in terms of the salmon (prepared or preserved) imports, with a CAGR of -6.5% from 2012 to 2021. New Zealand (-8.3%) illustrated a downward trend over the same period. Australia (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -2% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported salmon (prepared or preserved) in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -4.0%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, picking up by 6.6% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved salmon import price increased by +83.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 29%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.2%).

Source: IndexBox Platform

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