Australia and Oceania: Preserved Sardines Market 2024

Preserved Sardines Market Size in Australia and Oceania

The preserved sardines market in Australia and Oceania soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Preserved Sardines Production in Australia and Oceania

In value terms, preserved sardines production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Preserved Sardines Exports

Exports in Australia and Oceania

Preserved sardines exports shrank rapidly to X tons in 2022, reducing by X% on the previous year's figure. In general, exports recorded a pronounced slump. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, preserved sardines exports contracted to $X in 2022. Overall, exports, however, saw a temperate increase. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Australia (X tons), distantly followed by Solomon Islands (X tons), Guam (X tons), New Zealand (X tons), Fiji (X tons) and Northern Mariana Islands (X tons) represented the largest exporters of sardines (prepared or preserved), together making up X% of total exports. American Samoa (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by American Samoa (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Solomon Islands ($X) and Guam ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Guam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth was the most pronounced in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 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 Solomon Islands ($X per ton), while American Samoa ($X per ton) was amongst the lowest.

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

Preserved Sardines Imports

Imports in Australia and Oceania

In 2022, purchases abroad of sardines (prepared or preserved) increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, preserved sardines imports skyrocketed to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Solomon Islands (X tons), New Caledonia (X tons) and New Zealand (X tons), together achieving a X% share of total imports. The following importers - Samoa (X tons), Kiribati (X tons) and Fiji (X tons) - together made up X% of total imports.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Kiribati (X%), Solomon Islands (X%), Fiji (X%), New Caledonia (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Kiribati emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Samoa experienced a relatively flat trend pattern. Solomon Islands (X p.p.) and Kiribati (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, preserved sardines imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Solomon Islands (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Kiribati ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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