Australia: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in Australia

For the fifth year in a row, the Australian frozen fish meat market recorded decline in sales value, which decreased by -4.1% to $X in 2021. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Fish Meat Production in Australia

In value terms, frozen fish meat production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2015 when the production volume increased by 62% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Frozen Fish Meat Exports

Exports from Australia

In 2021, overseas shipments of frozen fish meat increased by 181% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen fish meat exports rose modestly to $X in 2021. Overall, exports recorded a slight expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 291% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main destinations of frozen fish meat exports from Australia, together accounting for 93% of total exports. These countries were followed by Vanuatu, Vietnam, Papua New Guinea and Singapore, which together accounted for a further 6.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vanuatu (with a CAGR of +27.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish meat exported from Australia were the Netherlands ($X), the United States ($X) and Hong Kong SAR ($X), together accounting for 91% of total exports. Vietnam, Vanuatu, Papua New Guinea and Singapore lagged somewhat behind, together comprising a further 7.5%.

Among the main countries of destination, Vanuatu, with a CAGR of +44.9%, 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

The average frozen fish meat export price stood at $X per ton in 2021, declining by -63.1% against the previous year. In general, the export price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2015 an increase of 89% against the previous year. The export price peaked at $X per ton in 2020, and then contracted sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Papua New Guinea ($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 the Philippines (+54.4%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Meat Imports

Imports into Australia

In 2021, supplies from abroad of frozen fish meat increased by 0.6% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 26%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, frozen fish meat imports dropped to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 68%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of frozen fish meat to Australia, accounting for a 35% share of total imports. Moreover, frozen fish meat imports from Vietnam exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by New Zealand (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.6% per year) and New Zealand (+3.5% per year).

In value terms, Vietnam ($X), the United States ($X) and New Zealand ($X) were the largest frozen fish meat suppliers to Australia, with a combined 59% share of total imports.

Among the main suppliers, the United States, with a CAGR of +21.4%, saw the highest rates of growth with regard to 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

In 2021, the average frozen fish meat import price amounted to $X per ton, shrinking by -6.4% against the previous year. Over the period under review, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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