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 dropped to $X in 2023, which is down by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs 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 slightly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2023.

Frozen Whole Fish Exports

Exports in Australia and Oceania

In 2023, frozen whole fish exports in Australia and Oceania totaled X tons, increasing by X% against the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen whole fish exports dropped to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Micronesia (X tons) and New Zealand (X tons) represented the largest exporters of frozen whole fish in Australia and Oceania, together recording approx. X% of total exports. It was distantly followed by Papua New Guinea (X tons), Fiji (X tons) and Australia (X tons), together making up a X% share of total exports. Solomon Islands (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Micronesia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest frozen whole fish supplying countries in Australia and Oceania were New Zealand ($X), Micronesia ($X) and Papua New Guinea ($X), together comprising X% of total exports.

Among the main exporting countries, Micronesia, with a CAGR of X%, saw the highest growth rate of 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. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then contracted 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 dropped to X tons, with a decrease of X% on the previous year. Over the period under review, imports saw a perceptible decrease. The growth pace was the most rapid in 2014 with an increase of 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 reduced slightly to $X in 2023. Overall, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of 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) represented the largest importer of frozen whole fish in Australia and Oceania, making up X% of total import. Solomon Islands (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Samoa (X%) and Marshall Islands (X%).

From 2012 to 2023, the biggest increases were recorded for Solomon Islands (with a CAGR of X%), while purchases 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 comprising a further X%.

Among the main importing countries, Solomon Islands, with a CAGR of X%, recorded 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

In 2023, the import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: 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 Solomon Islands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform