Australia: Snail Market 2024

Snail Market Size in Australia

The Australian snail market surged to $X in 2022, growing by 135% against the previous year. Overall, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Snail Production in Australia

In value terms, snail production stood at $X in 2022 estimated in export price. Overall, production, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Snail Exports

Exports from Australia

After three years of decline, overseas shipments of snails (except sea snails) decreased by -50% to X kg in 2022. Over the period under review, exports faced a significant contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 1,782% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, snail exports plummeted to $X in 2022. Overall, exports faced a precipitous slump. The pace of growth appeared the most rapid in 2018 when exports increased by 367%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Solomon Islands (X kg) was the main destination for snail exports from Australia, accounting for a 65% share of total exports. Moreover, snail exports to Solomon Islands exceeded the volume sent to the second major destination, Macao SAR (X kg), threefold. Canada (X kg) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Solomon Islands stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (-27.6% per year) and Canada (-34.9% per year).

In value terms, Macao SAR ($X), Canada ($X) and Solomon Islands ($X) appeared to be the largest markets for snail exported from Australia worldwide, with a combined 98% share of total exports.

Among the main countries of destination, Solomon Islands, with a CAGR of -7.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average snail export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 239% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Solomon Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Snail Imports

Imports into Australia

For the third year in a row, Australia recorded growth in purchases abroad of snails (except sea snails), which increased by 190% to X tons in 2022. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 21,158%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, snail imports soared to $X in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 4,444%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of snail to Australia, with a 32% share of total imports. Moreover, snail imports from Malaysia exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Vietnam (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+36.9% per year) and Vietnam (+27.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of snails (except sea snails) to Australia, comprising 49% of total imports. The second position in the ranking was held by India ($X), with a 7.6% share of total imports. It was followed by Vietnam, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+35.5% per year) and Vietnam (+23.6% per year).

Import Prices by Country

The average snail import price stood at $X per ton in 2022, increasing by 50% against the previous year. In general, the import price enjoyed a modest increase. The growth pace was the most rapid in 2019 when the average import price increased by 244%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :