Australia: Market for Dried Or Smoked Fish 2025

Market Size for Dried Or Smoked Fish in Australia

The Australian dried or smoked fish market shrank slightly to $X in 2021, waning by -3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports from Australia

In 2021, approx. X tons of dried or smoked fish were exported from Australia; with a decrease of -56.6% on 2020 figures. Overall, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of 73% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, dried or smoked fish exports shrank to $X in 2021. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 45% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), Japan (X tons) and Thailand (X tons) were the main destinations of dried or smoked fish exports from Australia, together comprising 75% of total exports. Malaysia, New Zealand, Papua New Guinea, Vietnam and Singapore lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +29.7%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for dried or smoked fish exported from Australia were Hong Kong SAR ($X), Japan ($X) and Thailand ($X), together comprising 95% of total exports. Malaysia, New Zealand, Vietnam, Papua New Guinea and Singapore lagged somewhat behind, together accounting for a further 4.6%.

In terms of the main countries of destination, Malaysia, with a CAGR of +27.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average dried or smoked fish export price stood at $X per ton in 2021, increasing by 103% against the previous year. In general, the export price continues to indicate a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Papua New Guinea ($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 (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Australia

In 2021, dried or smoked fish imports into Australia dropped to X tons, declining by -6.6% on the year before. Over the period under review, imports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2013 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, dried or smoked fish imports contracted to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 29%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest dried or smoked fish supplier to Australia, accounting for a 47% share of total imports. Moreover, dried or smoked fish imports from Denmark exceeded the figures recorded by the second-largest supplier, Norway (X tons), threefold. South Africa (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-2.2% per year) and South Africa (-1.0% per year).

In value terms, Denmark ($X) constituted the largest supplier of dried or smoked fish to Australia, comprising 58% of total imports. The second position in the ranking was held by Norway ($X), with a 16% share of total imports. It was followed by Poland, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+1.0% per year) and Poland (+34.7% per year).

Import Prices by Country

The average dried or smoked fish import price stood at $X per ton in 2021, surging by 4% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 38% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was New Zealand ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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