Australia and Oceania: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Australia and Oceania

After four years of growth, the market for frozen, dried and smoked fish in Australia and Oceania decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2022, and then declined modestly in the following year.

Production of Frozen, Dried And Smoked Fish in Australia and Oceania

In value terms, frozen, dried and smoked fish production rose to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2023.

Exports of Frozen, Dried And Smoked Fish

Exports in Australia and Oceania

In 2023, frozen, dried and smoked fish exports in Australia and Oceania expanded rapidly to X tons, picking up by X% against the previous year. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish exports reached $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) and Micronesia (X tons) represented roughly X% of total exports in 2023. Papua New Guinea (X tons) held the next position in the ranking, distantly followed by Fiji (X tons) and Australia (X tons). All these countries together held approx. X% share of total exports. Solomon Islands (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Micronesia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, New Zealand ($X) remains the largest frozen, dried and smoked fish supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Micronesia, with a X% share.

In New Zealand, frozen, dried and smoked fish exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Australia (X% per year) and Micronesia (X% per year).

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Micronesia ($X per ton) was amongst the lowest.

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

Imports of Frozen, Dried And Smoked Fish

Imports in Australia and Oceania

In 2023, the amount of frozen, dried and smoked fish imported in Australia and Oceania declined to X tons, waning by X% against the previous year's figure. Overall, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, frozen, dried and smoked fish imports contracted to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Australia (X tons) was the major importer of frozen, dried and smoked fish, constituting X% of total imports. Papua New Guinea (X tons) held the second position in the ranking, followed by American Samoa (X tons), Fiji (X tons) and New Zealand (X tons). All these countries together took approx. X% share of total imports. Solomon Islands (X tons) and Samoa (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to frozen, dried and smoked fish imports into Australia stood at X%. At the same time, Solomon Islands (X%), Papua New Guinea (X%) and Samoa (X%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. New Zealand experienced a relatively flat trend pattern. By contrast, American Samoa (X%) and Fiji (X%) illustrated a downward trend over the same period. While the share of Papua New Guinea (X p.p.), Australia (X p.p.) and Solomon Islands (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Fiji (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported frozen, dried and smoked fish in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by American Samoa, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (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, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform