New Zealand: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in New Zealand

In 2022, the New Zealand market for fish fillets and other fish meat decreased by -84.1% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption recorded a deep setback. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Fish Fillets and Other Fish Meat in New Zealand

In value terms, production of fish fillets and other fish meat contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 14% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Fish Fillets and Other Fish Meat

Exports from New Zealand

In 2022, overseas shipments of fish fillets and other fish meat increased by 27% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fish fillets and other fish meat skyrocketed to $X in 2022. Overall, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), Poland (X tons) and France (X tons) were the main destinations of exports of fish fillets and other fish meat from New Zealand, with a combined 55% share of total exports. The United States, Japan, Denmark, Germany, Spain, Hong Kong SAR, Papua New Guinea and China lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +36.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Poland ($X) were the largest markets for fish fillets and other fish meat exported from New Zealand worldwide, together comprising 63% of total exports. France, Japan, Denmark, Spain, Germany, Hong Kong SAR, China and Papua New Guinea lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Denmark, with a CAGR of +32.2%, 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

In 2022, the average export price for fish fillets and other fish meat amounted to $X per ton, rising by 9.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2018 an increase of 15%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Papua New Guinea ($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 the United States (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into New Zealand

In 2022, approx. X tons of fish fillets and other fish meat were imported into New Zealand; growing by 43% on the previous year. Overall, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 132% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of fish fillets and other fish meat skyrocketed to $X in 2022. In general, imports, however, recorded a mild decrease. The growth pace was the most rapid in 2018 when imports increased by 194% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Vietnam (X tons) and Australia (X tons) were the main suppliers of imports of fish fillets and other fish meat to New Zealand, together comprising 82% of total imports. Norway, Denmark and Thailand lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +81.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Norway ($X) and Vietnam ($X) were the largest fish fillets and other fish meat suppliers to New Zealand, with a combined 69% share of total imports.

Among the main suppliers, Norway, with a CAGR of +84.4%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, with an increase of 25% against the previous year. Overall, the import price posted buoyant growth. The pace of growth was the most pronounced in 2018 an increase of 95%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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