Australia - Tuna (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Tuna Price in Australia - 2023
Contents:
- Preserved Tuna Price in Australia (CIF) - 2023
- Preserved Tuna Price in Australia (FOB) - 2022
- Preserved Tuna Imports in Australia
- Preserved Tuna Exports in Australia
Preserved Tuna Price in Australia (CIF) - 2023
The average preserved tuna import price stood at $5,324 per ton in July 2023, almost unchanged from the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 8.4% month-to-month. The import price peaked at $5,883 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Indonesia ($6,287 per ton), while the price for Thailand stood at $5,222 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+1.1%).
Preserved Tuna Price in Australia (FOB) - 2022
The average preserved tuna export price stood at $4,302 per ton in 2022, jumping by 38% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 64%. The export price peaked at $5,142 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($13,009 per ton), while the average price for exports to Papua New Guinea ($3,184 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 (+5.4%), while the prices for the other major destinations experienced a decline.
Preserved Tuna Imports in Australia
After two years of decline, supplies from abroad of tuna (prepared or preserved) increased by 25% to 49K tons in 2022. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat 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 tuna imports skyrocketed to $268M in 2022. The total import value increased at an average annual rate of +6.4% 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 Tuna in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 188 | 171 | 151 | 220 | 5.4% |
| Indonesia | 28.4 | 31.6 | 38.2 | 37.1 | 9.3% |
| Others | 6.2 | 5.9 | 7.9 | 10.1 | 17.7% |
| Total | 222 | 208 | 197 | 268 | 6.5% |
Top Suppliers of Preserved Tuna to Australia in 2022:
- Thailand (41.8K tons)
- Indonesia (5.7K tons)
Preserved Tuna Exports in Australia
In 2022, overseas shipments of tuna (prepared or preserved) decreased by -66.9% to 164 tons, falling for the second year in a row after two years of growth. In general, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2020 when exports increased by 39% against the previous year. As a result, the exports attained the peak of 1.2K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, preserved tuna exports declined significantly to $705K in 2022. Over the period under review, exports showed a dramatic downturn. The smallest decline of -25.6% was in 2020.
| Export of Preserved Tuna in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3,950 | 2,864 | 1,164 | 381 | -54.1% |
| Singapore | 215 | 237 | 138 | 124 | -16.8% |
| Hong Kong SAR | 26.0 | 39.9 | 42.1 | 57.3 | 30.1% |
| Cook Islands | N/A | N/A | 48.9 | 44.4 | -9.2% |
| Papua New Guinea | 42.5 | 17.2 | 23.5 | 24.6 | -16.7% |
| Malaysia | N/A | N/A | 20.2 | 21.1 | 4.5% |
| Others | 22.6 | 7.8 | 107 | 53.4 | 33.2% |
| Total | 4,256 | 3,166 | 1,543 | 705 | -45.1% |
Top Export Markets for Preserved Tuna from Australia in 2022:
- New Zealand (111.8 tons)
- Singapore (20.9 tons)
- Cook Islands (8.1 tons)
- Papua New Guinea (7.7 tons)
- Hong Kong SAR (4.4 tons)
- Malaysia (3.8 tons)
This report provides an in-depth analysis of the preserved tuna 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 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole 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
415
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In August 2023, the growth rate of preserved tuna imports was the highest, with a staggering 25% increase compared to the previous month. The value of preserved tuna imports skyrocketed to $23M in November 2023.
519
In August 2022, the preserved tuna price amounted to $5,567 per ton (CIF, Australia), rising by 3.5% against the previous month.
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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.
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In July 2023, the price of Preserved Mackerel increased by 59% to $5,616 per ton (CIF, Australia) compared to the previous month.
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In April 2023, the battered fish fillet price amounted to $6,161 per ton (CIF, Australia), remaining stable against the previous month.
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In August 2023, the growth rate of preserved tuna imports was the highest, with a staggering 25% increase compared to the previous month. The value of preserved tuna imports skyrocketed to $23M in November 2023.
