New Zealand: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in New Zealand

The New Zealand market for smoked fish other than salmon and herring fell significantly to $X in 2021, waning by -20.7% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.6% against 2016 indices. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Production of Smoked Fish Other than Salmon and Herring in New Zealand

In value terms, production of smoked fish other than salmon and herring plummeted to $X in 2021 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +39.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 79% against the previous year. As a result, production attained the peak level of $X, and then declined markedly in the following year.

Exports of Smoked Fish Other than Salmon and Herring

Exports from New Zealand

In 2021, after two years of decline, there was significant growth in shipments abroad of smoked fish other than salmon and herring, when their volume increased by 60% to X tons. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by 114% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of smoked fish other than salmon and herring skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 48%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for exports of smoked fish other than salmon and herring from New Zealand, accounting for a 84% share of total exports. Moreover, exports of smoked fish other than salmon and herring to Australia exceeded the volume sent to the second major destination, Vanuatu (X kg), more than tenfold. Singapore (X kg) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to -13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vanuatu (+28.3% per year) and Singapore (+55.2% per year).

In value terms, Australia ($X) remains the key foreign market for smoked fish other than salmon and herring exports from New Zealand, comprising 64% of total exports. The second position in the ranking was taken by Singapore ($X), with a 22% share of total exports. It was followed by Vanuatu, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled -20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+52.6% per year) and Vanuatu (+13.1% per year).

Export Prices by Country

The average export price for smoked fish other than salmon and herring stood at $X per ton in 2021, reducing by -24.7% against the previous year. Overall, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 24%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Australia ($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 (+0.2%), while the prices for the other major destinations experienced a decline.

Imports of Smoked Fish Other than Salmon and Herring

Imports into New Zealand

In 2021, supplies from abroad of smoked fish other than salmon and herring was finally on the rise to reach X tons after two years of decline. Overall, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2015 with an increase of 164% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of smoked fish other than salmon and herring soared to $X in 2021. In general, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 199% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of smoked fish other than salmon and herring to New Zealand, accounting for a 85% share of total imports. Moreover, imports of smoked fish other than salmon and herring from China exceeded the figures recorded by the second-largest supplier, Denmark (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-37.0% per year) and the Philippines (-27.4% per year).

In value terms, China ($X), Denmark ($X) and the Philippines ($X) constituted the largest smoked fish other than salmon and herring suppliers to New Zealand, together comprising 98% of total imports.

China, with a CAGR of -0.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for smoked fish other than salmon and herring stood at $X per ton in 2021, increasing by 28% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for smoked fish other than salmon and herring decreased by -0.7% against 2019 indices. The growth pace was the most rapid in 2019 when the average import price increased by 74%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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