Australia and Oceania: Frozen Fish Meat Market 2024

Frozen Fish Meat Market Size in Australia and Oceania

The frozen fish meat market in Australia and Oceania shrank to $X in 2023, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Frozen Fish Meat Production in Australia and Oceania

In value terms, frozen fish meat production shrank to $X in 2023 estimated in export price. In general, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

Frozen Fish Meat Exports

Exports in Australia and Oceania

In 2023, exports of frozen fish meat in Australia and Oceania soared to X tons, with an increase of X% on the previous year's figure. Overall, exports, however, recorded a slight descent. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen fish meat exports soared to $X in 2023. Total exports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

New Zealand was the largest exporter of frozen fish meat in Australia and Oceania, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Australia (X tons), constituting a X% share of total exports.

Exports from New Zealand decreased at an average annual rate of X% from 2012 to 2023. At the same time, Australia (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2023. While the share of Australia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) and New Zealand ($X) were the countries with the highest levels of exports in 2023.

Among the main exporting countries, Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Frozen Fish Meat Imports

Imports in Australia and Oceania

In 2023, frozen fish meat imports in Australia and Oceania reduced to X tons, waning by X% against 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, frozen fish meat imports stood at $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia dominates imports structure, accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Guam (X tons) and American Samoa (X tons), together comprising a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen fish meat imports into Australia stood at X%. At the same time, Guam (X%) and American Samoa (X%) displayed positive paces of growth. Moreover, Guam emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. Australia (X p.p.), Guam (X p.p.) and American Samoa (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported frozen fish meat in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Guam ($X), with a X% share of total imports.

In Australia, frozen fish meat imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Guam (X% per year) and American Samoa (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guam ($X per ton), while American Samoa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by American Samoa (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform