Australia and Oceania: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Australia and Oceania

The frozen cuttlefishes market in Australia and Oceania reduced modestly to $X in 2022, remaining constant against the previous year. Overall, consumption showed resilient growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Frozen Cuttlefishes Production in Australia and Oceania

In value terms, frozen cuttlefishes production dropped slightly to $X in 2022 estimated in export price. In general, production showed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Frozen Cuttlefishes Exports

Exports in Australia and Oceania

In 2022, overseas shipments of frozen cuttlefishes decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen cuttlefishes exports declined to $X in 2022. Overall, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Papua New Guinea dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X tons), constituting a X% share of total exports. Australia (X tons) followed a long way behind the leaders.

Papua New Guinea was also the fastest-growing in terms of the frozen cuttlefishes exports, with a CAGR of X% from 2012 to 2022. Australia (X%) and New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Papua New Guinea increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X) remains the largest frozen cuttlefishes supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with an X% share of total exports.

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

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, remaining constant against the previous year. Overall, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 New Zealand ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Cuttlefishes Imports

Imports in Australia and Oceania

In 2022, overseas purchases of frozen cuttlefishes decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports saw a dramatic descent. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen cuttlefishes imports declined remarkably to $X in 2022. Overall, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) represented the major importer of frozen cuttlefishes, constituting X% of total imports. It was distantly followed by New Zealand (X tons) and Fiji (X tons), together making up a X% share of total imports. The following importers - Papua New Guinea (X tons), French Polynesia (X tons) and American Samoa (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen cuttlefishes imports into Australia stood at X%. Fiji experienced a relatively flat trend pattern. French Polynesia (X%), Papua New Guinea (X%), American Samoa (X%) and New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Fiji, Papua New Guinea and French Polynesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported frozen cuttlefishes in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Fiji, with a X% share.

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

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Australia ($X per ton), while American Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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