Australia - Inedible Fish Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInedible Fish Products Price in Australia - 2023
Contents:
- Inedible Fish Products Price in Australia (CIF) - 2023
- Inedible Fish Products Price in Australia (FOB) - 2022
- Inedible Fish Products Imports in Australia
- Inedible Fish Products Exports in Australia
Inedible Fish Products Price in Australia (CIF) - 2023
In May 2023, the average inedible fish products import price amounted to $801 per ton, with an increase of 6.9% against the previous month. In general, the import price, however, recorded a deep downturn. The growth pace was the most rapid in August 2022 when the average import price increased by 48% month-to-month. Over the period under review, average import prices reached the peak figure at $2,943 per ton in June 2022; however, from July 2022 to May 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($1,333 per ton), while the price for Japan ($659 per ton) was amongst the lowest.
From June 2022 to May 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+2.5%), while the prices for the other major suppliers experienced a decline.
Inedible Fish Products Price in Australia (FOB) - 2022
The average inedible fish products export price stood at $936 per ton in 2022, reducing by -44% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $1,864 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +22.4% per year.
Inedible Fish Products Imports in Australia
For the third consecutive year, Australia recorded decline in overseas purchases of inedible fish products, which decreased by -67.7% to 7.7K tons in 2022. Over the period under review, imports continue to indicate a dramatic slump. The smallest decline of -2.8% was in 2021.
In value terms, inedible fish products imports dropped rapidly to $10M in 2022. In general, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2021 with an increase of 10%. As a result, imports reached the peak of $24M, and then contracted significantly in the following year.
| Import of Inedible Fish Products in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3.7 | 3.2 | 4.1 | 3.6 | -0.9% |
| United States | 4.4 | 6.5 | 5.5 | 3.3 | -9.1% |
| China | 9.0 | 8.5 | 6.6 | 1.0 | -51.9% |
| Argentina | 0.3 | 0.3 | 0.3 | 0.5 | 18.6% |
| Taiwan (Chinese) | 0.7 | 0.4 | 0.9 | 0.4 | -17.0% |
| Finland | 0.5 | 1.3 | 2.4 | 0.3 | -15.7% |
| Canada | 1.1 | N/A | N/A | N/A | 0% |
| Others | 2.4 | 1.6 | 4.3 | 1.1 | -22.9% |
| Total | 22.2 | 21.8 | 24.0 | 10.2 | -22.8% |
Top Suppliers of Inedible Fish Products to Australia in 2022:
- New Zealand (2.9K tons)
- United States (2.0K tons)
- China (1.4K tons)
- Finland (0.4K tons)
- Taiwan (Chinese) (0.2K tons)
- Argentina (0.2K tons)
Inedible Fish Products Exports in Australia
Inedible fish products exports from Australia soared to 314 tons in 2022, with an increase of 17% against 2021 figures. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 26%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, inedible fish products exports contracted sharply to $294K in 2022. Over the period under review, exports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year.
| Export of Inedible Fish Products in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 144 | 142 | 181 | 229 | 16.7% |
| Taiwan (Chinese) | 30.4 | 30.3 | N/A | N/A | -0.3% |
| Others | 159 | 235 | 266 | 64.4 | -26.0% |
| Total | 334 | 408 | 447 | 294 | -4.2% |
Top Export Markets for Inedible Fish Products from Australia in 2022:
- Hong Kong SAR (308.8 tons)
This report provides an in-depth analysis of the inedible fish products 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 10204200 - Inedible fish products (including fish waste, excluding whalebone and whalebone hair, coral and similar materials, s hells and cuttle-bone, unworked or simply prepared/natural sponges)
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.
-
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
-
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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