Australia and Oceania: Smoked Salmon Market 2024

Smoked Salmon Market Size in Australia and Oceania

The smoked salmon market in Australia and Oceania reduced to $X in 2022, dropping by -4% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Smoked Salmon Production in Australia and Oceania

In value terms, smoked salmon production shrank to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 28% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Smoked Salmon Exports

Exports in Australia and Oceania

In 2022, the amount of smoked pacific, atlantic and danube salmon exported in Australia and Oceania skyrocketed to X tons, with an increase of 56% on 2021 figures. Overall, exports continue to indicate a mild expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, smoked salmon exports surged to $X in 2022. Over the period under review, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, New Zealand (X tons) represented the main exporter of smoked pacific, atlantic and danube salmon in Australia and Oceania, comprising 100% of total export.

New Zealand was also the fastest-growing in terms of the smoked pacific, atlantic and danube salmon exports, with a CAGR of +3.2% from 2012 to 2022. New Zealand (+16 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) also remains the largest smoked salmon supplier in Australia and Oceania.

In New Zealand, smoked salmon exports increased at an average annual rate of +7.8% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +5.0%. The pace of growth was the most pronounced in 2014 an increase of 19% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +4.5% per year.

Smoked Salmon Imports

Imports in Australia and Oceania

In 2022, purchases abroad of smoked pacific, atlantic and danube salmon increased by 9.5% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +6.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 39% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, smoked salmon imports surged to $X in 2022. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 46% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Australia represented the main importing country with an import of around X tons, which reached 74% of total imports. It was distantly followed by New Zealand (X tons), generating a 21% share of total imports. The following importers - New Caledonia (X tons) and French Polynesia (X tons) - each finished at a 4% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to smoked salmon imports into Australia stood at +3.9%. At the same time, New Zealand (+64.5%), New Caledonia (+15.2%) and French Polynesia (+8.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +64.5% from 2012-2022. New Zealand (+21 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -22.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported smoked pacific, atlantic and danube salmon in Australia and Oceania, comprising 72% of total imports. The second position in the ranking was held by New Zealand ($X), with a 23% share of total imports. It was followed by New Caledonia, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +7.4%. In the other countries, the average annual rates were as follows: New Zealand (+66.5% per year) and New Caledonia (+14.9% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, growing by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2017 when the import price increased by 34% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in New Caledonia ($X per ton) and New Zealand ($X per ton), while French Polynesia ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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