Australia: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Australia

The Australian battered fish fillet market rose significantly to $X in 2021, growing by 9% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Battered fish fillet consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Battered Fish Fillet Production in Australia

In value terms, battered fish fillet production rose markedly to $X in 2021 estimated in export price. In general, production saw a slight decrease. The pace of growth appeared the most rapid in 2015 with an increase of 16%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Battered Fish Fillet Exports

Exports from Australia

In 2021, shipments abroad of fish fillets in batter or breadcrumbs increased by 20% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 314% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, battered fish fillet exports soared to $X in 2021. In general, exports saw a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 158% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

New Zealand (X tons) was the main destination for battered fish fillet exports from Australia, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand stood at +73.1%.

In value terms, New Zealand ($X) also remains the key foreign market for fish fillets in batter or breadcrumbs exports from Australia.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand totaled +60.7%.

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, growing by 28% against the previous year. Overall, the export price, however, showed a deep setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to -3.2% per year.

Battered Fish Fillet Imports

Imports into Australia

In 2021, overseas purchases of fish fillets in batter or breadcrumbs increased by 25% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, battered fish fillet imports skyrocketed to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +117.3% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 30%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of battered fish fillet to Australia, with a 45% share of total imports. Moreover, battered fish fillet imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), twofold. South Africa (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-9.6% per year) and South Africa (+9.2% per year).

In value terms, the largest battered fish fillet suppliers to Australia were China ($X), New Zealand ($X) and Thailand ($X), with a combined 72% share of total imports. These countries were followed by Vietnam, South Africa, Malaysia and Germany, which together accounted for a further 26%.

Among the main suppliers, Vietnam, with a CAGR of +27.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average battered fish fillet import price stood at $X per ton in 2021, reducing by -1.7% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet import price decreased by -2.5% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 45%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :