Australia and Oceania: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in Australia and Oceania

The market for smoked fish other than salmon and herring in Australia and Oceania reduced sharply to $X in 2021, waning by -16% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +22.4% against 2019 indices. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Production of Smoked Fish Other than Salmon and Herring in Australia and Oceania

In value terms, production of smoked fish other than salmon and herring dropped dramatically to $X in 2021 estimated in export price. Overall, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. As a result, production reached the peak level of $X, and then dropped significantly in the following year.

Exports of Smoked Fish Other than Salmon and Herring

Exports in Australia and Oceania

In 2021, shipments abroad of smoked fish other than salmon and herring decreased by -10.1% to X tons, falling for the third year in a row after three years of growth. Overall, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2018 with an increase of 241%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of smoked fish other than salmon and herring contracted notably to $X in 2021. In general, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 97% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, New Zealand (X tons) was the main exporter of smoked fish other than salmon and herring, achieving 79% of total exports. Australia (X kg) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Fiji (5.2%). New Caledonia (X kg) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to smoked fish other than salmon and herring exports from New Zealand stood at -13.8%. At the same time, New Caledonia (+20.1%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +20.1% from 2012-2021. By contrast, Australia (-3.3%) and Fiji (-4.9%) illustrated a downward trend over the same period. While the share of New Zealand (+71 p.p.), Australia (+13 p.p.), Fiji (+5.2 p.p.) and New Caledonia (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X), Australia ($X) and New Caledonia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 94% share of total exports.

New Caledonia, with a CAGR of +23.5%, saw 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 a decline in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, waning by -46% against the previous year. In general, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when the export price increased by 117% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while New Zealand ($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 (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Smoked Fish Other than Salmon and Herring

Imports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded decline in supplies from abroad of smoked fish other than salmon and herring, which decreased by -5.7% to X tons in 2021. Overall, imports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2013 when imports increased by 37% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of smoked fish other than salmon and herring declined to $X in 2021. Over the period under review, imports recorded a slight decline. The pace of growth was the most pronounced in 2018 with an increase of 54%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Australia prevails in herring structure, recording X tons, which was near 95% of total imports in 2021. New Zealand (X tons) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of smoked fish other than salmon and herring. New Zealand (-5.6%) illustrated a downward trend over the same period. Australia (+6 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -1.9% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported smoked fish other than salmon and herring in Australia and Oceania, comprising 97% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 2.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia was relatively modest.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 29% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+3.3%).

Source: IndexBox Platform

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