Australia: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Australia

The Australian seafood meals and pellets market skyrocketed to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Seafood meals and pellets consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Australia

In value terms, seafood meals and pellets production fell to $X in 2022 estimated in export price. Overall, production, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Seafood meals and pellets production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Australia

In 2022, exports of flours, meals and pellets of fish or of crustaceans and molluscs from Australia surged to X tons, rising by X% against 2021 figures. In general, exports enjoyed a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, seafood meals and pellets exports expanded notably to $X in 2022. The total export value increased at an average annual rate of X% over the period 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 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for seafood meals and pellets exports from Australia, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%.

In value terms, Japan ($X) also remains the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Australia.

From 2012 to 2022, the average annual growth rate of value to Japan stood at X%.

Export Prices by Country

In 2022, the average seafood meals and pellets export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to X% per year.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Australia

In 2022, supplies from abroad of flours, meals and pellets of fish or of crustaceans and molluscs decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a noticeable setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, seafood meals and pellets imports surged to $X in 2022. Over the period under review, total imports indicated a pronounced increase 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Peru (X tons), Norway (X tons) and American Samoa (X tons) were the main suppliers of seafood meals and pellets imports to Australia, together comprising X% of total imports. Thailand, Papua New Guinea, Mexico, the Philippines, India and Chile lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Australia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average seafood meals and pellets import price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Papua New Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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