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Australia - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Australia: Overview of the Market for Fish Fats And Oils 2021

Market Size for Fish Fats And Oils in Australia

In 2020, the Australian fish fat and oil market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Fish Fats And Oils in Australia

In value terms, fish fat and oil production soared to $X in 2020 estimated in export prices. Overall, production posted buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Fish Fats And Oils

Exports from Australia

In 2020, approx. X tonnes of fish fats and oils were exported from Australia; increasing by X% against 2019 figures. Overall, exports continue to indicate a significant increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fish fat and oil exports soared to $X in 2020. Over the period under review, exports continue to indicate a resilient expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X tonnes) was the main destination for fish fat and oil exports from Australia, accounting for a X% share of total exports. Moreover, fish fat and oil exports to Indonesia exceeded the volume sent to the second major destination, Thailand (X tonnes), threefold. The third position in this ranking was occupied by New Zealand (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Indonesia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and New Zealand (+X% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for fish fat and oil exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to New Zealand stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

The average fish fat and oil export price stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was New Zealand ($X per tonne), while the average price for exports to South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced a decline.

Imports of Fish Fats And Oils

Imports into Australia

In 2020, purchases abroad of fish fats and oils increased by X% to X tonnes, rising for the third year in a row after two years of decline. In general, total imports indicated a modest increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to continue growth in years to come.

In value terms, fish fat and oil imports rose modestly to $X in 2020. Over the period under review, imports showed a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, Peru (X tonnes) constituted the largest supplier of fish fat and oil to Australia, with a X% share of total imports. Moreover, fish fat and oil imports from Peru exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by New Zealand (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Peru amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and New Zealand (+X% per year).

In value terms, Peru ($X) constituted the largest supplier of fish fat and oil to Australia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Peru stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Chile (+X% per year).

Import Prices by Country

The average fish fat and oil import price stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, import price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, fish fat and oil import price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2019 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per tonne), while the price for Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?
+
The countries with the highest volumes of fish fat and oil consumption in 2020 were China (711K tonnes), the U.S. (356K tonnes) and India (287K tonnes), with a combined 28% share of global consumption. Norway, Japan, Russia, Brazil, Mexico, Pakistan, Indonesia, Bangladesh, Nigeria and France lagged somewhat behind, together accounting for a further 28%.
What are the largest producers of fish fats and oils in the world?
+
The countries with the highest volumes of fish fat and oil production in 2020 were China (665K tonnes), the U.S. (390K tonnes) and India (287K tonnes), with a combined 29% share of global production. These countries were followed by Norway, Japan, Russia, Brazil, Mexico, Pakistan, Bangladesh, Indonesia, Nigeria and France, which together accounted for a further 28%.
What are the leading suppliers of fish fats and oils to Australia?
+
In value terms, Peru ($19M) constituted the largest supplier of fish fat and oil to Australia, comprising 37% of total imports. The second position in the ranking was occupied by China ($5M), with a 9.7% share of total imports. It was followed by Chile, with a 5.9% share.
What are the leading importers of fish fats and oils from Australia?
+
In value terms, New Zealand ($30M) emerged as the key foreign market for fish fat and oil exports from Australia, comprising 47% of total exports. The second position in the ranking was occupied by Indonesia ($7.2M), with a 11% share of total exports. It was followed by Malaysia, with a 7.8% share.
What is the average export price for fish fats and oils in Australia?
+
In 2020, the average fish fat and oil export price amounted to $3,335 per tonne, reducing by -7.2% against the previous year.
What is the average import price for fish fats and oils in Australia?
+
The average fish fat and oil import price stood at $3,065 per tonne in 2020, surging by 1.9% against the previous year.

Product coverage:
• Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

This report provides an in-depth analysis of the market for fish fat and oil in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Australia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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