Australia: Frozen Catfish Market 2022

Frozen Catfish Market Size in Australia

For the fifth year in a row, the Australian frozen catfish market recorded growth in sales value, which increased by X% to $X in 2020. In general, consumption showed buoyant growth. The pace of growth appeared the most rapid in 2014 when the market value increased by X% y-o-y. Frozen catfish consumption peaked in 2020 and is likely to continue growth in years to come.

Frozen Catfish Exports

Exports from Australia

In 2020, the amount of frozen catfish exported from Australia contracted rapidly to X kg, with a decrease of -X% on the previous year's figure. In general, exports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, frozen catfish exports fell significantly to $X in 2020. Over the period under review, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Nauru (X kg) was the main destination for frozen catfish exports from Australia, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Nauru was relatively modest.

In value terms, Nauru ($X) also remains the key foreign market for frozen catfish exports from Australia.

From 2007 to 2020, the average annual rate of growth in terms of value to Nauru amounted to +X%.

Export Prices by Country

In 2020, the average frozen catfish export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price posted a strong increase. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the rate of growth in terms of prices for Nauru amounted to +X% per year.

Frozen Catfish Imports

Imports into Australia

In 2020, frozen catfish imports into Australia soared to X tons, picking up by X% against the previous year's figure. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, frozen catfish imports rose remarkably to $X in 2020. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, Vietnam (X tons) was the main frozen catfish supplier to Australia, accounting for a X% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a X% share of total imports. The third position in this ranking was occupied by Myanmar (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Vietnam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Myanmar (+X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish to Australia, comprising X% of total imports. The second position in the ranking was occupied by Myanmar ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual growth rate of value from Vietnam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

In 2020, the average frozen catfish import price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Myanmar ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Vietnam ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bangladesh, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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