Australia: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Australia

In 2021, the Australian market for caviar (salmon) and caviar substitutes decreased by -1.3% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a noticeable descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Australia

In value terms, caviar (salmon) and caviar substitutes production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2018 when the production volume increased by 122% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Australia

After two years of decline, overseas shipments of caviar (salmon) and caviar substitutes increased by 219% to X tons in 2021. Overall, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 621% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 477%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for caviar (salmon) and caviar substitutes exports from Australia, accounting for a 62% share of total exports. Moreover, caviar (salmon) and caviar substitutes exports to the United States exceeded the volume sent to the second major destination, Maldives (X kg), fourfold. The third position in this ranking was taken by Sri Lanka (X kg), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +425.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+21.9% per year) and Sri Lanka (+38.8% per year).

In value terms, the United States ($X), Maldives ($X) and New Zealand ($X) appeared to be the largest markets for caviar (salmon) and caviar substitutes exported from Australia worldwide, with a combined 84% share of total exports.

The United States, with a CAGR of +396.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, with an increase of 40% against the previous year. In general, the export price posted a remarkable increase. The growth pace was the most rapid in 2014 an increase of 47% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Maldives ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Australia

In 2021, caviar (salmon) and caviar substitutes imports into Australia dropped to X tons, falling by -6.3% on the year before. Overall, imports, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2014 with an increase of 72% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes imports surged to $X in 2021. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 50%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and Denmark (X tons) were the main suppliers of caviar (salmon) and caviar substitutes imports to Australia, together accounting for 65% of total imports. Greece, Germany, Sweden, Russia and South Korea lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +95.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of caviar (salmon) and caviar substitutes to Australia, comprising 40% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.0% per year) and Germany (+154.2% per year).

Import Prices by Country

In 2021, the average import price for caviar (salmon) and caviar substitutes amounted to $X per ton, increasing by 55% against the previous year. Overall, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 110% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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