Australia: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Australia

In 2021, the Australian fresh fish fillet market increased by 8.4% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption recorded a abrupt descent. Fresh fish fillet consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Fresh Fish Fillet Exports

Exports from Australia

In 2021, fresh fish fillet exports from Australia skyrocketed to X tons, with an increase of 34% against 2020 figures. In general, exports posted a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 83% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, fresh fish fillet exports expanded markedly to $X in 2021. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 173%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the UK (X tons) and Spain (X tons) were the main destinations of fresh fish fillet exports from Australia, together comprising 72% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +93.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Spain ($X) appeared to be the largest markets for fresh fish fillet exported from Australia worldwide, together comprising 85% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +105.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fresh fish fillet export price stood at $X per ton in 2021, which is down by -15.3% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. The export price peaked at $X per ton in 2020, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Sri Lanka ($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 Norway (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports into Australia

In 2021, supplies from abroad of fresh or chilled fish fillets decreased by -7.4% to X tons, falling for the fifth year in a row after two years of growth. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 11%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fresh fish fillet imports surged to $X in 2021. In general, imports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 23%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Indonesia (X tons), Vietnam (X tons) and New Zealand (X tons) were the main suppliers of fresh fish fillet imports to Australia, together comprising 74% of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +1.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) constituted the largest supplier of fresh or chilled fish fillets to Australia, comprising 52% of total imports. The second position in the ranking was held by New Zealand ($X), with a 24% share of total imports. It was followed by China, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-3.9% per year) and China (+0.6% per year).

Import Prices by Country

The average fresh fish fillet import price stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Vietnam ($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 (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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