New Zealand: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in New Zealand

The New Zealand frozen fish and seafood market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption showed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Frozen Fish And Seafood in New Zealand

In value terms, frozen fish and seafood production declined slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Frozen Fish And Seafood

Exports from New Zealand

Frozen fish and seafood exports from New Zealand declined to X tons in 2022, waning by X% against 2021. Over the period under review, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2019 with an increase of X% 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 stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports dropped to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for frozen fish and seafood exports from New Zealand, with a X% share of total exports. Moreover, frozen fish and seafood exports to China exceeded the volume sent to the second major destination, Australia (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the United States (X% per year).

In value terms, the largest markets for frozen fish and seafood exported from New Zealand were China ($X), the United States ($X) and Australia ($X), with a combined X% share of total exports. Spain, Japan, Poland, France, Greece, Thailand, South Africa, Vietnam, Cameroon and South Korea lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, saw the highest growth rate of 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 and seafood export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue 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 ($X per ton), while the average price for exports to Cameroon ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports into New Zealand

In 2022, frozen fish and seafood imports into New Zealand expanded notably to X tons, with an increase of X% compared with 2021 figures. In general, imports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen fish and seafood imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Vietnam (X tons) were the main suppliers of frozen fish and seafood imports to New Zealand, together accounting for X% of total imports. Australia, Ecuador, Mauritius, Norway, Malaysia, Thailand, Taiwan (Chinese), the United States and Argentina lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ecuador (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Vietnam ($X) were the largest frozen fish and seafood suppliers to New Zealand, with a combined X% share of total imports. Australia, Ecuador, Norway, Thailand, Mauritius, Malaysia, the United States, Taiwan (Chinese) and Argentina lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fish and seafood import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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