Australia - Herrings (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Herring Price in Australia - 2023
Contents:
- Preserved Herring Price in Australia (CIF) - 2023
- Preserved Herring Price in Australia (FOB) - 2022
- Preserved Herring Imports in Australia
- Preserved Herring Exports in Australia
Preserved Herring Price in Australia (CIF) - 2023
The average preserved herring import price stood at $5,325 per ton in July 2023, surging by 7.6% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 36% against the previous month. As a result, import price reached the peak level of $5,886 per ton. From January 2023 to July 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Canada ($6,101 per ton) and Latvia ($6,076 per ton), while the price for Poland ($4,310 per ton) and Germany ($4,934 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Latvia (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Herring Price in Australia (FOB) - 2022
In 2022, the average preserved herring export price amounted to $4,568 per ton, dropping by -6.7% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 80%. Over the period under review, the average export prices reached the peak figure at $13,450 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($5,799 per ton), while the average price for exports to New Zealand ($4,256 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 Singapore (-3.0%), while the prices for the other major destinations experienced a decline.
Preserved Herring Imports in Australia
In 2022, approx. 899 tons of herrings (prepared or preserved) were imported into Australia; picking up by 19% against the previous year. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved herring imports soared to $4M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Preserved Herring in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,541 | 1,264 | 1,148 | 1,460 | -1.8% |
| Poland | 202 | 501 | 572 | 1,069 | 74.3% |
| Canada | 642 | 795 | 864 | 579 | -3.4% |
| Estonia | 296 | 394 | 160 | 264 | -3.7% |
| Latvia | 166 | 143 | 175 | 236 | 12.4% |
| Lithuania | 31.0 | 42.6 | 97.4 | 108 | 51.6% |
| Sweden | 106 | 125 | 96.1 | 75.3 | -10.8% |
| Denmark | 40.3 | 30.6 | 157 | 16.1 | -26.3% |
| Others | 148 | 123 | 188 | 222 | 14.5% |
| Total | 3,172 | 3,419 | 3,458 | 4,030 | 8.3% |
Top Suppliers of Preserved Herring to Australia in 2022:
- Germany (360.0 tons)
- Poland (206.9 tons)
- Canada (106.3 tons)
- Estonia (99.2 tons)
- Latvia (45.1 tons)
- Lithuania (25.5 tons)
- Sweden (20.7 tons)
- Denmark (3.6 tons)
Preserved Herring Exports in Australia
In 2022, shipments abroad of herrings (prepared or preserved) decreased by -59.3% to 5.4 tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,529% against the previous year. As a result, the exports reached the peak of 14 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, preserved herring exports fell significantly to $25K in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 671%.
| Export of Preserved Herring in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1.9 | 32.8 | 42.6 | 16.2 | 104.3% |
| Philippines | N/A | N/A | 15.0 | 4.9 | -67.3% |
| Singapore | 3.0 | 5.1 | 2.2 | 3.3 | 3.2% |
| Nauru | N/A | N/A | 4.6 | N/A | 0% |
| Others | N/A | 0.3 | 0.5 | 0.3 | 0.0% |
| Total | 4.9 | 38.1 | 64.8 | 24.6 | 71.2% |
Top Export Markets for Preserved Herring from Australia in 2022:
- New Zealand (3.8 tons)
- Philippines (0.8 tons)
- Singapore (0.7 tons)
This report provides an in-depth analysis of the preserved herring 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 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)
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
490
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In April 2023, the preserved herring price amounted to $4,953 per ton (CIF, Australia), dropping by -4.7% against the previous month.
262
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263
In April 2023, the preserved herring price amounted to $4,953 per ton (CIF, Australia), dropping by -4.7% against the previous month.
