Australia and Oceania: Molluscs Market 2024

Molluscs Market Size in Australia and Oceania

In 2023, the molluscs market in Australia and Oceania decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2022, and then shrank in the following year.

Molluscs Production in Australia and Oceania

In value terms, molluscs production fell modestly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

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Molluscs Exports

Exports in Australia and Oceania

For the fourth consecutive year, Australia and Oceania recorded decline in overseas shipments of molluscs (scallops, mussels, cuttle fish, squid and octopus), which decreased by X% to X tons in 2023. In general, exports saw a pronounced curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, molluscs exports contracted slightly to $X in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand dominates exports structure, reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Papua New Guinea (X tons), mixing up a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to molluscs exports from New Zealand stood at X%. At the same time, Papua New Guinea (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Papua New Guinea increased by X percentage points.

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

From 2012 to 2023, the average annual rate of growth in terms of value in New Zealand was relatively modest.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%).

Molluscs Imports

Imports in Australia and Oceania

After two years of growth, supplies from abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by X% to X tons in 2023. In general, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, molluscs imports fell sharply to $X in 2023. Over the period under review, imports recorded a mild contraction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2023. It was distantly followed by New Zealand (X tons), making up an X% share of total imports.

Australia was also the fastest-growing in terms of the molluscs (scallops, mussels, cuttle fish, squid and octopus) imports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported molluscs (scallops, mussels, cuttle fish, squid and octopus) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with an X% share of total imports.

In Australia, molluscs imports remained relatively stable over the period from 2012-2023.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2023, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform