Australia - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Sardines Price in Australia - 2023
Contents:
- Preserved Sardines Price in Australia (CIF) - 2023
- Preserved Sardines Price in Australia (FOB) - 2022
- Preserved Sardines Imports in Australia
- Preserved Sardines Exports in Australia
Preserved Sardines Price in Australia (CIF) - 2023
The average preserved sardines import price stood at $4,707 per ton in July 2023, which is down by -21.8% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 42% m-o-m. As a result, import price reached the peak level of $6,389 per ton. From May 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($11,231 per ton), while the price for the Philippines ($2,719 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 China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Sardines Price in Australia (FOB) - 2022
The average preserved sardines export price stood at $4,462 per ton in 2022, rising by 11% against the previous year. In general, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 73%. Over the period under review, the average export prices reached the peak figure at $7,385 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($7,011 per ton), while the average price for exports to Taiwan (Chinese) ($3,502 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 United Arab Emirates (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Sardines Imports in Australia
In 2022, approx. 5.9K tons of sardines (prepared or preserved) were imported into Australia; increasing by 29% against the year before. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved sardines imports surged to $30M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; 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.
| Import of Preserved Sardines in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 6.8 | 7.6 | 6.5 | 8.9 | 9.4% |
| Thailand | 6.0 | 5.3 | 5.1 | 4.9 | -6.5% |
| Vietnam | 3.5 | 4.5 | 3.3 | 4.6 | 9.5% |
| United Kingdom | 3.8 | 4.0 | 4.0 | 4.5 | 5.8% |
| Indonesia | N/A | N/A | N/A | 1.9 | 0% |
| Latvia | 2.1 | 1.0 | 1.0 | 1.3 | -14.8% |
| Philippines | 0.8 | 0.7 | 0.4 | 0.5 | -14.5% |
| Others | 2.5 | 3.3 | 2.2 | 3.4 | 10.8% |
| Total | 25.5 | 26.3 | 22.3 | 30.1 | 5.7% |
Top Suppliers of Preserved Sardines to Australia in 2022:
- Poland (1341.1 tons)
- Vietnam (1283.6 tons)
- Thailand (1255.8 tons)
- United Kingdom (700.8 tons)
- Indonesia (491.7 tons)
- Philippines (193.6 tons)
- Latvia (163.3 tons)
Preserved Sardines Exports in Australia
In 2022, shipments abroad of sardines (prepared or preserved) decreased by -28.6% to 13 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 412% against the previous year. As a result, the exports reached the peak of 28 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, preserved sardines exports contracted notably to $59K in 2022. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 445% against the previous year. As a result, the exports attained the peak of $209K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Preserved Sardines in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 4.2 | 118 | 52.4 | 36.5 | 105.6% |
| Singapore | 31.2 | 91.7 | 6.9 | 12.4 | -26.5% |
| Papua New Guinea | N/A | N/A | 0.1 | 4.4 | 4300.0% |
| Nauru | 1.3 | N/A | N/A | 4.1 | 46.6% |
| Taiwan (Chinese) | N/A | N/A | N/A | 1.2 | 0% |
| Malaysia | N/A | N/A | 14.6 | N/A | 0% |
| Others | 1.7 | N/A | N/A | N/A | 0% |
| Total | 38.4 | 209 | 73.9 | 58.5 | 15.1% |
Top Export Markets for Preserved Sardines from Australia in 2022:
- New Zealand (9.1 tons)
- Singapore (1.8 tons)
- Nauru (1.1 tons)
- Papua New Guinea (0.8 tons)
- Taiwan (Chinese) (0.3 tons)
This report provides an in-depth analysis of the preserved sardines 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 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, 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
-
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
384
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