Australia - Salmon (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Salmon Price in Australia - 2023
Contents:
- Preserved Salmon Price in Australia (CIF) - 2023
- Preserved Salmon Price in Australia (FOB) - 2022
- Preserved Salmon Imports in Australia
- Preserved Salmon Exports in Australia
Preserved Salmon Price in Australia (CIF) - 2023
The average preserved salmon import price stood at $8,453 per ton in July 2023, standing approximately at the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 21% against the previous month. Over the period under review, average import prices reached the maximum at $10,301 per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Norway ($17,476 per ton), while the price for China ($6,110 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Canada (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Salmon Price in Australia (FOB) - 2022
In 2022, the average preserved salmon export price amounted to $7,370 per ton, which is down by -12.9% against the previous year. In general, the export price, however, showed a tangible increase. The most prominent rate of growth was recorded in 2018 an increase of 47%. The export price peaked at $8,458 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($28,483 per ton), while the average price for exports to New Zealand ($4,332 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 Hong Kong SAR (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Salmon Imports in Australia
In 2022, approx. 6.3K tons of salmon (prepared or preserved) were imported into Australia; growing by 33% against 2021 figures. The total import volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved salmon imports soared to $55M in 2022. The total import value increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Preserved Salmon in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 14.3 | 16.8 | 13.4 | 21.2 | 14.0% |
| United States | 16.4 | 19.8 | 19.3 | 20.6 | 7.9% |
| Poland | 3.8 | 2.8 | 4.6 | 5.0 | 9.6% |
| Norway | 0.4 | 0.7 | 0.7 | 4.0 | 115.4% |
| Canada | 1.9 | 2.1 | 0.4 | 2.6 | 11.0% |
| China | 0.8 | 0.9 | 1.1 | 0.7 | -4.4% |
| Others | 1.0 | 0.9 | 1.4 | 0.7 | -11.2% |
| Total | 38.6 | 44.0 | 40.9 | 54.8 | 12.4% |
Top Suppliers of Preserved Salmon to Australia in 2022:
- Thailand (2873.9 tons)
- United States (2260.9 tons)
- Poland (538.2 tons)
- Norway (272.4 tons)
- Canada (209.5 tons)
- China (134.8 tons)
Preserved Salmon Exports in Australia
After two years of decline, shipments abroad of salmon (prepared or preserved) increased by 22% to 51 tons in 2022. Over the period under review, exports, however, continue to indicate a significant contraction.
In value terms, preserved salmon exports rose sharply to $377K in 2022. Overall, exports, however, showed a significant contraction.
| Export of Preserved Salmon in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 730 | 401 | 146 | 166 | -39.0% |
| Hong Kong SAR | 5.9 | 10.2 | 54.6 | 83.0 | 141.4% |
| Singapore | 48.6 | 72.3 | 62.1 | 44.0 | -3.3% |
| United States | N/A | N/A | 33.3 | 33.6 | 0.9% |
| Fiji | 0.1 | N/A | N/A | 14.8 | 429.0% |
| Philippines | N/A | 7.0 | 31.2 | 13.2 | 37.3% |
| Nauru | 2.1 | 1.3 | 0.7 | 6.8 | 47.9% |
| Others | 105 | 22.7 | 27.6 | 15.9 | -46.7% |
| Total | 891 | 514 | 355 | 377 | -24.9% |
Top Export Markets for Preserved Salmon from Australia in 2022:
- New Zealand (38.4 tons)
- Hong Kong SAR (2.9 tons)
- Singapore (2.8 tons)
- United States (2.2 tons)
- Fiji (1.8 tons)
- Philippines (1.4 tons)
- Nauru (1.0 tons)
This report provides an in-depth analysis of the preserved salmon 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 10202510 - Prepared or preserved salmon, 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
489
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257
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The price of Preserved Anchovies in Australia dropped by -23.6% from the previous month, reaching $11,446 per ton (CIF) in July 2023.
