Report Update Nov 1, 2024

Australia - Inedible Fish Products - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Australia

The Australian inedible fish products market declined to $X in 2022, which is down by -12.6% against the previous year. In general, consumption, however, saw slight growth. Inedible fish products consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Inedible Fish Products Production in Australia

In value terms, inedible fish products production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, posted a temperate increase. The growth pace was the most rapid in 2014 with an increase of 81% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Inedible Fish Products Exports

Exports from Australia

For the third consecutive year, Australia recorded growth in overseas shipments of inedible fish products, which increased by 17% to X tons in 2022. In general, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 402% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, inedible fish products exports dropped notably to $X in 2022. Over the period under review, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 388% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for inedible fish products exports from Australia, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +11.6%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for inedible fish products exports from Australia.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at +9.8%.

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2022, which is down by -44% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 50% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +22.4% per year.

Inedible Fish Products Imports

Imports into Australia

In 2022, the amount of inedible fish products imported into Australia reduced markedly to X tons, waning by -67.7% compared with 2021 figures. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 37%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, inedible fish products imports shrank remarkably to $X in 2022. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by 32%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

New Zealand (X tons), the United States (X tons) and China (X tons) were the main suppliers of inedible fish products imports to Australia, together comprising 83% of total imports. Finland, Taiwan (Chinese), Argentina, South Korea and India lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +4.4%), while purchases for the other leaders experienced a decline.

In value terms, New Zealand ($X), the United States ($X) and China ($X) constituted the largest inedible fish products suppliers to Australia, with a combined 77% share of total imports. Argentina, Taiwan (Chinese), Finland, South Korea and India lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Argentina, with a CAGR of +8.0%, 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 mixed trend patterns.

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2022, rising by 32% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inedible fish products import price increased by +60.0% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for inedible fish products in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 40% of global consumption.

What are the largest producers of inedible fish products in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 40% share of global production.

What are the leading suppliers of inedible fish products to Australia?

In value terms, China, the United States and New Zealand constituted the largest inedible fish products suppliers to Australia, with a combined 67% share of total imports. Finland, Japan, Taiwan Chinese) and South Korea lagged somewhat behind, together accounting for a further 24%.

What are the leading importers of inedible fish products from Australia?

In value terms, Hong Kong SAR, the United States and the Philippines constituted the largest markets for inedible fish products exported from Australia worldwide, together accounting for 75% of total exports. China, Japan and Malaysia lagged somewhat behind, together accounting for a further 23%.

What is the average export price for inedible fish products in Australia?

In 2021, the average inedible fish products export price amounted to $19,158 per ton, increasing by 433% against the previous year.

What is the average import price for inedible fish products in Australia?

The average inedible fish products import price stood at $1,003 per ton in 2021, growing by 13% against the previous year.

This report provides an in-depth analysis of the inedible fish products market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10204200 - Inedible fish products (including fish waste, excluding whalebone and whalebone hair, coral and similar materials, s hells and cuttle-bone, unworked or simply prepared/natural sponges)

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023