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Australia - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in Australia - 2023
Contents:
- Frozen Fish Fillet Price in Australia (CIF) - 2023
- Frozen Fish Fillet Price in Australia (FOB) - 2023
- Frozen Fish Fillet Imports in Australia
- Frozen Fish Fillet Exports in Australia
Frozen Fish Fillet Price in Australia (CIF) - 2023
The average frozen fish fillet import price stood at $6,176 per ton in August 2023, shrinking by -5.5% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 18% month-to-month. Over the period under review, average import prices attained the peak figure at $7,778 per ton in January 2023; however, from February 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($15,178 per ton), while the price for Vietnam ($4,027 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Fillet Price in Australia (FOB) - 2023
The average frozen fish fillet export price stood at $7,360 per ton in August 2023, with a decrease of -27.3% against the previous month. In general, the export price recorded a drastic downturn. The growth pace was the most rapid in March 2023 when the average export price increased by 208% against the previous month. As a result, the export price reached the peak level of $31,034 per ton. From April 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was India ($36,579 per ton), while the average price for exports to New Zealand ($5,245 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.0%), while the prices for the other major destinations experienced a decline.
Frozen Fish Fillet Imports in Australia
Frozen fish fillet imports into Australia stood at 41K tons in 2022, therefore, remained relatively stable against the year before. In general, imports, however, saw a mild decline.
In value terms, frozen fish fillet imports totaled $272M in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
Import of Frozen Fish Fillet in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 56.6 | 47.0 | 45.3 | 58.8 | 1.3% |
New Zealand | 45.6 | 42.3 | 53.2 | 50.6 | 3.5% |
Norway | 42.0 | 33.3 | 36.8 | 32.6 | -8.1% |
Taiwan (Chinese) | 27.8 | 21.1 | 27.4 | 28.4 | 0.7% |
Indonesia | 14.6 | 13.5 | 21.4 | 28.0 | 24.2% |
South Africa | 9.7 | 10.2 | 12.4 | 15.8 | 17.7% |
China | 19.0 | 17.0 | 14.5 | 12.7 | -12.6% |
United States | 11.1 | 12.6 | 7.2 | 7.8 | -11.1% |
Namibia | 9.6 | 6.1 | 7.3 | 7.6 | -7.5% |
Others | 22.6 | 23.5 | 25.1 | 30.1 | 10.0% |
Total | 259 | 227 | 251 | 272 | 1.6% |
Top Suppliers of Frozen Fish Fillet to Australia in 2022:
- Vietnam (12.7K tons)
- New Zealand (8.6K tons)
- Taiwan (Chinese) (3.3K tons)
- South Africa (3.0K tons)
- Indonesia (2.6K tons)
- China (2.6K tons)
- Norway (2.4K tons)
- Namibia (1.7K tons)
- United States (1.3K tons)
Frozen Fish Fillet Exports in Australia
In 2022, frozen fish fillet exports from Australia declined remarkably to 770 tons, which is down by -46.2% against the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 97% against the previous year. As a result, the exports attained the peak of 1.4K tons, and then contracted markedly in the following year.
In value terms, frozen fish fillet exports dropped sharply to $12M in 2022. In general, exports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of $20M, and then dropped markedly in the following year.
Export of Frozen Fish Fillet in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.4 | 4.7 | 5.6 | 3.0 | 7.7% |
Netherlands | 3.6 | 3.6 | 7.7 | 1.9 | -19.2% |
Hong Kong SAR | 1.4 | 1.5 | 1.3 | 1.8 | 8.7% |
New Zealand | 0.1 | N/A | 1.8 | 1.2 | 128.9% |
China | 0.7 | 0.7 | 1.5 | 1.0 | 12.6% |
Sri Lanka | N/A | N/A | N/A | 0.4 | 0% |
Papua New Guinea | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
Nauru | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Vietnam | 0.3 | N/A | 0.1 | N/A | -42.3% |
Others | 2.2 | 1.4 | 1.6 | 1.9 | -4.8% |
Total | 11.0 | 12.3 | 19.8 | 11.7 | 2.1% |
Top Export Markets for Frozen Fish Fillet from Australia in 2022:
- United States (169.9 tons)
- New Zealand (168.6 tons)
- Netherlands (103.2 tons)
- Hong Kong SAR (100.7 tons)
- Sri Lanka (48.9 tons)
- Papua New Guinea (42.6 tons)
- Nauru (39.0 tons)
- China (20.3 tons)
- Vietnam (2.0 tons)
This report provides an in-depth analysis of the frozen fish fillet market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201400 - Frozen fish fillets
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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