New Zealand: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in New Zealand

The New Zealand dried or salted fish market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, saw a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Dried Or Salted Fish in New Zealand

In value terms, dried or salted fish production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by 51%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Dried Or Salted Fish

Exports from New Zealand

In 2021, approx. X tons of dried or salted fish were exported from New Zealand; growing by 82% compared with 2020. In general, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by 837%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, dried or salted fish exports surged to $X in 2021. Over the period under review, exports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2019 when exports increased by 480%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Australia (X tons) and Hong Kong SAR (X tons) were the main destinations of dried or salted fish exports from New Zealand, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +122.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried or salted fish exported from New Zealand were the United States ($X), Hong Kong SAR ($X) and Australia ($X), with a combined 99% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +119.6%, saw 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 dried or salted fish export price stood at $X per ton in 2021, surging by 75% against the previous year. Overall, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 2,349% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Australia ($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 United States (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Dried Or Salted Fish

Imports into New Zealand

In 2021, imports of dried or salted fish into New Zealand surged to X tons, increasing by 37% against the previous year. Overall, imports, however, recorded a perceptible downturn. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, dried or salted fish imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a noticeable contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Sri Lanka (X tons), Malaysia (X tons) and the Philippines (X tons) were the main suppliers of dried or salted fish imports to New Zealand, together accounting for 63% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +17.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Japan ($X) and Malaysia ($X) appeared to be the largest dried or salted fish suppliers to New Zealand, together accounting for 52% of total imports.

In terms of the main suppliers, Sri Lanka, with a CAGR of +12.2%, recorded the highest growth rate of 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

The average dried or salted fish import price stood at $X per ton in 2021, rising by 2.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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