Australia and Oceania: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Australia and Oceania

The fish meals and pellet market in Australia and Oceania surged to $X in 2022, rising by X% against the previous year. Overall, consumption, however, enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish in Australia and Oceania

In value terms, fish meals and pellet production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Flours, Meals And Pellets Of Fish

Exports in Australia and Oceania

In 2022, fish meals and pellet exports in Australia and Oceania stood at X tons, growing by X% against the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fish meals and pellet exports dropped sharply to $X in 2022. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Papua New Guinea prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. New Zealand (X tons) took the second position in the ranking, followed by Australia (X tons). All these countries together took near X% share of total exports.

Papua New Guinea was also the fastest-growing in terms of the flours, meals and pellets of fish exports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) and Australia (X%) illustrated a downward trend over the same period. While the share of Papua New Guinea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) and New Zealand (X p.p.) displayed negative dynamics.

In value terms, the largest fish meals and pellet supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X).

Among the main exporting countries, Papua New Guinea, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, declining by X% against the previous year. In general, the export price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish

Imports in Australia and Oceania

In 2022, approx. X tons of flours, meals and pellets of fish were imported in Australia and Oceania; reducing by X% on 2021. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fish meals and pellet imports surged to $X in 2022. Overall, imports, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X tons) and Micronesia (X tons) prevails in imports structure, together generating X% of total imports. It was distantly followed by New Caledonia (X tons) and Samoa (X tons), together making up a X% share of total imports. The following importers - New Zealand (X tons), Fiji (X tons) and Solomon Islands (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Micronesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported flours, meals and pellets of fish in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by New Caledonia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and New Caledonia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price posted prominent growth. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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