New Zealand: Freshwater Fish Market 2024

Freshwater Fish Market Size in New Zealand

In 2022, the New Zealand freshwater fish market decreased by X% to $X, falling for the second consecutive year after nine years of growth. Overall, consumption, however, posted buoyant growth. Freshwater fish consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Freshwater Fish Production in New Zealand

In value terms, freshwater fish production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Freshwater Fish Exports

Exports from New Zealand

In 2022, overseas shipments of freshwater fish increased by X% to X tons, rising for the second year in a row after eight years of decline. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, freshwater fish exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), the United States (X tons) and the UK (X tons) were the main destinations of freshwater fish exports from New Zealand, together accounting for X% of total exports. The United Arab Emirates lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for freshwater fish exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China 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 the UK (X% per year).

Export Prices by Country

In 2022, the average freshwater fish export price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to the UK ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Freshwater Fish Imports

Imports into New Zealand

In 2022, supplies from abroad of freshwater fish decreased by X% to X kg for the first time since 2018, thus ending a three-year declining trend. In general, imports faced a dramatic curtailment. Imports peaked at X kg in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, freshwater fish imports reduced remarkably to $X in 2022. Overall, imports continue to indicate a dramatic decline. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vanuatu (X kg) constituted the largest supplier of freshwater fish to New Zealand, with a X% share of total imports. Moreover, freshwater fish imports from Vanuatu exceeded the figures recorded by the second-largest supplier, Indonesia (X kg), fourfold. Tonga (X kg) ranked third in terms of total imports with a X% share.

From 2018 to 2022, the average annual growth rate of volume from Vanuatu amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Tonga (X% per year).

In value terms, Vanuatu ($X) constituted the largest supplier of freshwater fish to New Zealand, comprising X% of total imports. The second position in the ranking was held by Fiji ($X), with a X% share of total imports. It was followed by Tonga, with a X% share.

From 2018 to 2022, the average annual rate of growth in terms of value from Vanuatu totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (X% per year) and Tonga (X% per year).

Import Prices by Country

The average freshwater fish import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vanuatu ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was attained by Vanuatu (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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