Australia and Oceania: Market for Flours, Meals And Pellets Of Fish 2023

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

The fish meals and pellet market in Australia and Oceania contracted notably to $X in 2021, falling by -27.1% against the previous year. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -33.6% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

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

In value terms, fish meals and pellet production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 18%. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Flours, Meals And Pellets Of Fish

Exports in Australia and Oceania

In 2021, exports of flours, meals and pellets of fish in Australia and Oceania soared to X tons, jumping by 158% against the year before. In general, exports, however, continue to indicate a pronounced decline. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, fish meals and pellet exports skyrocketed to $X in 2021. Total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand prevails in exports structure, resulting at X tons, which was near 91% of total exports in 2021. It was distantly followed by Australia (X tons), mixing up an 8.9% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of flours, meals and pellets of fish. Australia (-14.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +18 percentage points.

In value terms, New Zealand ($X) remains the largest fish meals and pellet supplier in Australia and Oceania, comprising 72% of total exports. The second position in the ranking was taken by Australia ($X), with a 28% share of total exports.

In New Zealand, fish meals and pellet exports expanded at an average annual rate of +5.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, falling by -22.4% against the previous year. Overall, the export price, however, posted a moderate expansion. The growth pace was the most rapid in 2017 an increase of 62%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+11.0%).

Imports of Flours, Meals And Pellets Of Fish

Imports in Australia and Oceania

In 2021, overseas purchases of flours, meals and pellets of fish increased by 8.4% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 with an increase of 316% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, fish meals and pellet imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 65%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Australia (X tons) and Micronesia (X tons) prevails in imports structure, together making up 88% of total imports. New Caledonia (X tons), Samoa (X tons) and New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Micronesia (with a CAGR of +90.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported flours, meals and pellets of fish in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was held by New Zealand ($X), with a 4.4% share of total imports. It was followed by New Caledonia, with a 3.8% share.

In Australia, fish meals and pellet imports expanded at an average annual rate of +2.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+0.6% per year) and New Caledonia (+34.8% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, with an increase of 20% against the previous year. Overall, the import price enjoyed slight growth. The pace of growth appeared the most rapid in 2015 an increase of 52%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Micronesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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