New Zealand: Frozen Fish Market 2024

Frozen Fish Market Size in New Zealand

The New Zealand frozen fish market skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption recorded a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Frozen Fish Production in New Zealand

In value terms, frozen fish production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Frozen fish production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Frozen Fish Exports

Exports from New Zealand

In 2022, approx. X tons of frozen fish were exported from New Zealand; waning by X% on 2021 figures. Over the period under review, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, frozen fish exports shrank to $X in 2022. Overall, exports saw a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for frozen fish exports from New Zealand, accounting for a X% share of total exports. Moreover, frozen fish exports to China exceeded the volume sent to the second major destination, Australia (X tons), threefold. The third position in this ranking was taken by Cameroon (X tons), with a X% share.

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

In value terms, China ($X), Australia ($X) and the United States ($X) were the largest markets for frozen fish exported from New Zealand worldwide, together accounting for X% of total exports. Japan, Poland, Spain, South Africa, France, Cameroon, Vietnam, Thailand, the Philippines and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Poland, with a CAGR of X%, saw 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 frozen fish export 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 2016 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cote d'Ivoire ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into New Zealand

Frozen fish imports into New Zealand skyrocketed to X tons in 2022, surging by X% against the year before. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. 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 imports surged to $X in 2022. Overall, imports saw a slight expansion. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Australia (X tons) and Vietnam (X tons) were the main suppliers of frozen fish imports to New Zealand, with a combined X% share of total imports. Mauritius, Norway, Taiwan (Chinese), France, Japan, Fiji, Thailand, the United States and Argentina lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Mauritius (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and Norway ($X) appeared to be the largest frozen fish suppliers to New Zealand, with a combined X% share of total imports. Vietnam, Mauritius, Taiwan (Chinese), Japan, Fiji, France, Thailand, the United States and Argentina lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to 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 frozen fish import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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