Price for Fish; Edible Offal, Shark Fins in Australia - 2023
Contents:
- Price for Fish; Edible Offal, Shark Fins in Australia (FOB) - 2023
- Price for Fish; Edible Offal, Shark Fins in Australia (CIF) - 2022
- Exports of Fish; Edible Offal, Shark Fins in Australia
- Imports of Fish; Edible Offal, Shark Fins in Australia
Price for Fish; Edible Offal, Shark Fins in Australia (FOB) - 2023
The average export price for fish; edible offal, shark finses stood at $257K per ton in July 2023, rising by 85% against the previous month. In general, the export price showed a resilient expansion. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 547% against the previous month. As a result, the export price attained the peak level of $623K per ton. From October 2022 to July 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From August 2022 to July 2023, the rate of growth in terms of prices for Hong Kong SAR amounted to +9.3% per month.
Price for Fish; Edible Offal, Shark Fins in Australia (CIF) - 2022
The average import price for fish; edible offal, shark finses stood at $235,543 per ton in 2022, with an increase of 269% against the previous year. Overall, the import price posted significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($240,455 per ton), while the price for Hong Kong SAR amounted to $113,251 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+195.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fish; Edible Offal, Shark Fins in Australia
In 2022, approx. 1 tons of fish; edible offal, shark finses were exported from Australia; reducing by -77.7% compared with the previous year's figure. Overall, exports showed a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 176%. As a result, the exports attained the peak of 4.6 tons, and then declined markedly in the following year.
In value terms, fish; edible offal, shark fins exports dropped rapidly to $94K in 2022. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 349% against the previous year. As a result, the exports reached the peak of $362K, and then shrank dramatically in the following year.
| Export of Fish; Edible Offal, Shark Fins in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 112 | 80.7 | 362 | 94.0 | -5.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 112 | 80.7 | 362 | 94.0 | -5.7% |
Top Export Markets for Fish; Edible Offal, Shark Fins from Australia in 2022:
- Hong Kong SAR (1.0 tons)
Imports of Fish; Edible Offal, Shark Fins in Australia
In 2022, the amount of fish; edible offal, shark finses imported into Australia contracted markedly to 1.4 tons, falling by -32.4% on the previous year's figure. Overall, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 188%. As a result, imports reached the peak of 2 tons, and then contracted dramatically in the following year.
In value terms, fish; edible offal, shark fins imports soared to $325K in 2022. In general, imports, however, posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fish; Edible Offal, Shark Fins in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 123 | 129 | 96.0 | 319 | 37.4% |
| Hong Kong SAR | 99.6 | 3.5 | 12.6 | 6.0 | -60.8% |
| New Zealand | N/A | N/A | 21.8 | N/A | 0% |
| Others | 1.8 | N/A | N/A | N/A | 0% |
| Total | 224 | 133 | 130 | 325 | 13.2% |
Top Suppliers of Fish; Edible Offal, Shark Fins to Australia in 2022:
- China (1328.0 kg)
- Hong Kong SAR (53.0 kg)
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