Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Australia - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Australia (CIF) - 2023
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Australia (FOB) - 2022
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Australia
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Australia
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Australia (CIF) - 2023
The average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $6,100 per ton in December 2023, with an increase of 4.8% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in August 2023 when the average import price increased by 31% m-o-m. The import price peaked in December 2023.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Namibia ($6,152 per ton), while the price for New Zealand ($5,487 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Namibia (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Australia (FOB) - 2022
In 2022, the average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $6,416 per ton, which is down by -3.9% against the previous year. In general, the export price recorded a perceptible reduction. The pace of growth was the most pronounced in 2015 an increase of 80% against the previous year. The export price peaked at $10,228 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($6,835 per ton), while the average price for exports to New Zealand totaled $6,383 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+9.1%).
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Australia
In 2022, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s into Australia soared to 5.5K tons, increasing by 30% against the previous year's figure. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $25M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 4.2 | 3.9 | 6.7 | 10.6 | 36.2% |
| South Africa | 4.4 | 5.2 | 5.2 | 7.3 | 18.4% |
| Namibia | 7.7 | 4.9 | 5.9 | 6.4 | -6.0% |
| Argentina | 0.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 16.9 | 14.1 | 17.9 | 24.5 | 13.2% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Australia in 2022:
- New Zealand (2.4K tons)
- South Africa (1.6K tons)
- Namibia (1.4K tons)
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Australia
In 2022, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s from Australia surged to 179 tons, increasing by 2,508% on 2021 figures. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $1.2M in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | N/A | N/A | 1,059 | 0% |
| Papua New Guinea | 151 | 22.6 | 21.8 | 91.2 | -15.5% |
| Others | 2.8 | N/A | 24.1 | N/A | 193.4% |
| Total | 154 | 22.6 | 45.9 | 1,151 | 95.5% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Australia in 2022:
- New Zealand (166.0 tons)
- Papua New Guinea (13.3 tons)
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