Australia and Oceania: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Australia and Oceania

The frozen whole fish market in Australia and Oceania fell to $X in 2023, reducing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Frozen Whole Fish Production in Australia and Oceania

In value terms, frozen whole fish production expanded to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Frozen Whole Fish Exports

Exports in Australia and Oceania

In 2023, exports of frozen whole fish in Australia and Oceania expanded remarkably to X tons, increasing by X% on 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, frozen whole fish exports dropped slightly to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Micronesia (X tons) and New Zealand (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Papua New Guinea (X tons), Fiji (X tons) and Australia (X tons), together generating a X% share of total exports. Solomon Islands (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Micronesia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, New Zealand ($X), Micronesia ($X) and Papua New Guinea ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Micronesia, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Micronesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced a decline in the export price figures.

Frozen Whole Fish Imports

Imports in Australia and Oceania

In 2023, imports of frozen whole fish in Australia and Oceania reduced to X tons, shrinking by X% against 2022. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, frozen whole fish imports shrank modestly to $X in 2023. Overall, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Papua New Guinea (X tons), American Samoa (X tons), Fiji (X tons) and Australia (X tons) was the largest importer of frozen whole fish in Australia and Oceania, achieving X% of total import. It was distantly followed by Solomon Islands (X tons), Samoa (X tons) and Marshall Islands (X tons), together comprising a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Solomon Islands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen whole fish importing markets in Australia and Oceania were American Samoa ($X), Australia ($X) and Papua New Guinea ($X), with a combined X% share of total imports. Fiji, Solomon Islands, Samoa and Marshall Islands lagged somewhat behind, together accounting for a further X%.

Solomon Islands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price continues to indicate a modest increase. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform