Australia: Market for Frozen Atlantic Salmon And Danube Salmon 2022

Market Size for Frozen Atlantic Salmon And Danube Salmon in Australia

After two years of growth, the Australian market for frozen atlantic salmon and danube salmon decreased by -X% to $X in 2021. In general, consumption showed a sharp contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Frozen Atlantic Salmon And Danube Salmon in Australia

In value terms, production of frozen atlantic salmon and danube salmon contracted modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Frozen Atlantic Salmon And Danube Salmon

Exports from Australia

In 2021, overseas shipments of frozen atlantic salmon and danube salmon were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, exports of frozen atlantic salmon and danube salmon surged to $X in 2021. Overall, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons) was the main destination for exports of frozen atlantic salmon and danube salmon from Australia, accounting for a X% share of total exports. Moreover, exports of frozen atlantic salmon and danube salmon to Thailand exceeded the volume sent to the second major destination, China (X tons), sixfold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Indonesia (X% per year).

In value terms, China ($X), Thailand ($X) and Indonesia ($X) constituted the largest markets for frozen atlantic salmon and danube salmon exported from Australia worldwide, with a combined X% share of total exports. These countries were followed by Vietnam, the Philippines and Malaysia, which together accounted for a further X terms of the main countries of destination, Malaysia, with a CAGR of +X%, recorded the highest rates of growth with regard to 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

In 2021, the average export price for frozen atlantic salmon and danube salmon amounted to $X per ton, surging by X% against the previous year. In general, the export price recorded a slight expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per ton), while the average price for exports to Thailand ($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 Malaysia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Atlantic Salmon And Danube Salmon

Imports into Australia

In 2021, approx. X tons of frozen atlantic salmon and danube salmon were imported into Australia; waning by -X% against 2020 figures. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of frozen atlantic salmon and danube salmon soared to $X in 2021. Overall, imports recorded a abrupt shrinkage. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Denmark (X tons) was the main frozen atlantic salmon and danube salmon supplier to Australia, with a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Denmark totaled +X%.

In value terms, Denmark ($X) constituted the largest supplier of frozen atlantic salmon and danube salmon to Australia.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark totaled +X%.

Import Prices by Country

In 2021, the average import price for frozen atlantic salmon and danube salmon amounted to $X per ton, growing by X% 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 +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for frozen atlantic salmon and danube salmon increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Denmark.

From 2012 to 2021, the rate of growth in terms of prices for Denmark amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :