Price for Fish Meal; Fit for Human Consumption in Australia - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in Australia (CIF) - 2022
- Price for Fish Meal; Fit for Human Consumption in Australia (FOB) - 2022
- Imports of Fish Meal; Fit for Human Consumption in Australia
- Exports of Fish Meal; Fit for Human Consumption in Australia
Price for Fish Meal; Fit for Human Consumption in Australia (CIF) - 2022
In 2022, the average import price for fish meal; fit for human consumptia amounted to $12,631 per ton, approximately reflecting the previous year. Overall, the import price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 68% against the previous year. As a result, import price reached the peak level of $12,793 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($402,600 per ton), while the price for the United States ($6,559 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+67.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Meal; Fit for Human Consumption in Australia (FOB) - 2022
The average export price for fish meal; fit for human consumptia stood at $13,583 per ton in 2022, rising by 13% against the previous year. In general, the export price enjoyed a significant increase. The growth pace was the most rapid in 2014 an increase of 243% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($243,667 per ton), while the average price for exports to Singapore ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fish Meal; Fit for Human Consumption in Australia
In 2022, approx. 7.8 tons of fish meal; fit for human consumptia were imported into Australia; with a decrease of -19.4% compared with the year before. Overall, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, imports reached the peak of 9.7 tons, and then declined rapidly in the following year.
In value terms, imports of fish meal; fit for human consumptia shrank sharply to $99K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. As a result, imports reached the peak of $123K, and then declined significantly in the following year.
| Import of Fish Meal; Fit for Human Consumption in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 51.2 | 58.3 | 96.9 | 79.4 | 15.7% |
| United States | 1.2 | 2.1 | 0.3 | 1.7 | 12.3% |
| Papua New Guinea | N/A | N/A | 4.9 | N/A | 0% |
| Others | 23.3 | 14.6 | 20.7 | 17.7 | -8.8% |
| Total | 75.7 | 75.0 | 123 | 98.9 | 9.3% |
Top Suppliers of Fish Meal; Fit for Human Consumption to Australia in 2022:
- South Africa (7.3 tons)
- United States (0.3 tons)
Exports of Fish Meal; Fit for Human Consumption in Australia
In 2022, exports of fish meal; fit for human consumptia from Australia surged to 60 kg, rising by 28% compared with the year before. Over the period under review, exports, however, showed a abrupt contraction.
In value terms, exports of fish meal; fit for human consumptia soared to $815 in 2022. Overall, exports, however, saw a abrupt shrinkage.
| Export of Fish Meal; Fit for Human Consumption in Australia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | 899 | 481 | 731 | -9.8% | |
| New Zealand | 101 | 47.0 | 63.0 | -21.0% | |
| Turkey | 20.0 | 9.0 | 12.0 | -22.5% | |
| Solomon Islands | 7.0 | 4.0 | 6.0 | -7.4% | |
| Maldives | 1.0 | 1.0 | 1.0 | 0.0% | |
| Singapore | 1.0 | 1.0 | 1.0 | 0.0% | |
| Papua New Guinea | 1.0 | 1.0 | 1.0 | 0.0% | |
| Malaysia | 32.0 | 10.0 | N/A | -68.8% | |
| Others | 2.0 | 11.0 | N/A | 450.0% | |
| Total | 1,064 | 565 | 815 | -12.5% | |
Top Export Markets for Fish Meal; Fit for Human Consumption from Australia in 2022:
- New Zealand (52.0 kg)
- China (3.0 kg)
- Turkey (1.0 kg)
- Maldives (1.0 kg)
- Singapore (1.0 kg)
- Solomon Islands (1.0 kg)
- Papua New Guinea (1.0 kg)
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