Australia - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in Australia - 2023
Contents:
- Frozen Fish Meat Price in Australia (CIF) - 2022
- Frozen Fish Meat Price in Australia (FOB) - 2022
- Frozen Fish Meat Imports in Australia
- Frozen Fish Meat Exports in Australia
Frozen Fish Meat Price in Australia (CIF) - 2022
The average frozen fish meat import price stood at $4,605 per ton in 2022, picking up by 12% against the previous year. Over the period under review, the import price, however, saw a slight slump. The pace of growth appeared the most rapid in 2014 an increase of 33% against the previous year. As a result, import price reached the peak level of $6,730 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 Taiwan (Chinese) ($10,307 per ton), while the price for New Zealand ($2,065 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Meat Price in Australia (FOB) - 2022
In 2022, the average frozen fish meat export price amounted to $13,430 per ton, dropping by -16% against the previous year. In general, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 89%. The export price peaked at $43,287 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($30,440 per ton), while the average price for exports to Sri Lanka ($6,619 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 the Philippines (+40.8%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Meat Imports in Australia
For the fourth year in a row, Australia recorded growth in purchases abroad of frozen fish meat, which increased by 12% to 5.6K tons in 2022. The total import volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, frozen fish meat imports soared to $26M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fish Meat in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 4.8 | 4.6 | 6.8 | 9.4 | 25.1% |
| United States | 4.0 | 4.5 | 3.5 | 5.0 | 7.7% |
| China | 1.2 | 1.2 | 1.4 | 1.9 | 16.6% |
| Norway | 5.1 | 4.8 | 2.0 | 1.9 | -28.0% |
| Argentina | 1.4 | 1.4 | 1.4 | 1.5 | 2.3% |
| New Zealand | 2.0 | 1.5 | 2.0 | 1.1 | -18.1% |
| South Africa | 0.3 | 0.8 | 0.7 | 0.9 | 44.2% |
| Others | 5.3 | 3.1 | 2.9 | 4.1 | -8.2% |
| Total | 24.1 | 22.0 | 20.7 | 25.9 | 2.4% |
Top Suppliers of Frozen Fish Meat to Australia in 2022:
- Vietnam (2065.0 tons)
- United States (1242.8 tons)
- New Zealand (544.8 tons)
- China (492.3 tons)
- Argentina (420.1 tons)
- Norway (198.7 tons)
- South Africa (112.2 tons)
Frozen Fish Meat Exports in Australia
In 2022, frozen fish meat exports from Australia expanded modestly to 103 tons, increasing by 4.8% on the previous year's figure. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 181%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, frozen fish meat exports fell to $1.4M in 2022. In general, exports, however, showed a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 3.9%. As a result, the exports reached the peak of $1.6M, and then contracted in the following year.
| Export of Frozen Fish Meat in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 742 | 1,285 | 73.2% |
| Sri Lanka | N/A | N/A | N/A | 76.7 | 0% |
| Nauru | 28.0 | 38.7 | 0.3 | 5.6 | -41.5% |
| Hong Kong SAR | 913 | 1,170 | 234 | 4.3 | -83.2% |
| Malaysia | 247 | 10.4 | N/A | N/A | -95.8% |
| United States | N/A | 129 | 461 | N/A | 257.4% |
| Taiwan (Chinese) | 240 | N/A | N/A | N/A | 0% |
| Others | 69.0 | 165 | 135 | 13.0 | -42.7% |
| Total | 1,497 | 1,514 | 1,572 | 1,385 | -2.6% |
Top Export Markets for Frozen Fish Meat from Australia in 2022:
- Netherlands (89.3 tons)
- Sri Lanka (11.6 tons)
- Nauru (0.9 tons)
- Hong Kong SAR (0.2 tons)
This report provides an in-depth analysis of the frozen fish meat market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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