New Zealand: Market for Dried Or Salted Fish 2022

Market Size for Dried Or Salted Fish in New Zealand

The New Zealand dried or salted fish market fell notably to $X in 2021, waning by -X% against the previous year. Over the period under review, consumption saw a abrupt descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Dried Or Salted Fish in New Zealand

In value terms, dried or salted fish production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a dramatic downturn. The pace of growth appeared the most rapid in 2015 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 2021, production stood at a somewhat lower figure.

Exports of Dried Or Salted Fish

Exports from New Zealand

In 2021, overseas shipments of dried or salted fish increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, dried or salted fish exports totaled $X in 2021. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Hong Kong SAR (X tons) was the main destination for dried or salted fish exports from New Zealand, with a X% share of total exports. Moreover, dried or salted fish exports to Hong Kong SAR exceeded the volume sent to the second major destination, Australia (X tons), threefold.

From 2012 to 2020, the average annual growth rate of volume to Hong Kong SAR totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-X% per year) and the United States (+X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for dried or salted fish exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Hong Kong SAR amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Australia (-X% per year).

Export Prices by Country

In 2020, the average dried or salted fish export price amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2020, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced a decline.

Imports of Dried Or Salted Fish

Imports into New Zealand

In 2021, overseas purchases of dried or salted fish increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, imports, however, showed a abrupt slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, dried or salted fish imports skyrocketed to $X in 2021. Overall, imports, however, showed a deep setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Sri Lanka (X tons) and Vietnam (X tons) were the main suppliers of dried or salted fish imports to New Zealand, together comprising X% of total imports. Japan, the Philippines, China and South Korea lagged somewhat behind, together accounting for a further X 2012 to 2020, the biggest increases were in Japan (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dried or salted fish suppliers to New Zealand were Sri Lanka ($X), Malaysia ($X) and Japan ($X), with a combined X% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2020, declining by -X% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2019, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform