Australia - Smoked Fish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Smoked Fish Other than Salmon and Herring in Australia - 2023
Contents:
- Price for Smoked Fish Other than Salmon and Herring in Australia (CIF) - 2023
- Price for Smoked Fish Other than Salmon and Herring in Australia (FOB) - 2022
- Imports of Smoked Fish Other than Salmon and Herring in Australia
- Exports of Smoked Fish Other than Salmon and Herring in Australia
Price for Smoked Fish Other than Salmon and Herring in Australia (CIF) - 2023
The average import price for smoked fish other than salmon and herring stood at $18,265 per ton in November 2023, picking up by 9.7% against the previous month. Over the period under review, import price indicated a tangible increase from November 2022 to November 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for smoked fish other than salmon and herring increased by +43.2% against July 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 52% month-to-month. Over the period under review, average import prices hit record highs at $22,209 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Denmark ($25,075 per ton), while the price for South Africa ($5,201 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the UK (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Smoked Fish Other than Salmon and Herring in Australia (FOB) - 2022
The average export price for smoked fish other than salmon and herring stood at $19,845 per ton in 2022, shrinking by -56.8% against the previous year. In general, the export price, however, recorded a slight increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 89%. As a result, the export price attained the peak level of $45,946 per ton, and then fell notably in the following year.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($24,507 per ton), while the average price for exports to Vietnam ($18,802 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 Papua New Guinea (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Smoked Fish Other than Salmon and Herring in Australia
In 2022, approx. 1.3K tons of smoked fish other than salmon and herring were imported into Australia; picking up by 11% on 2021 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of smoked fish other than salmon and herring skyrocketed to $16M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Smoked Fish Other than Salmon and Herring in Australia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 5.1 | 6.0 | 4.0 | 6.1 | 6.1% |
Norway | 5.1 | 2.2 | 3.9 | 5.0 | -0.7% |
South Africa | 2.5 | 3.3 | 3.3 | 3.4 | 10.8% |
Germany | N/A | N/A | N/A | 0.6 | 0% |
Philippines | 0.2 | 0.2 | 0.5 | 0.3 | 14.5% |
Thailand | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
Others | 0.6 | 0.5 | 0.2 | 0.3 | -20.6% |
Total | 13.8 | 12.4 | 12.2 | 15.9 | 4.8% |
Top Suppliers of Smoked Fish Other than Salmon and Herring to Australia in 2022:
- South Africa (670.4 tons)
- Denmark (282.7 tons)
- Norway (262.6 tons)
- Philippines (33.6 tons)
- Germany (26.0 tons)
- Thailand (16.0 tons)
Exports of Smoked Fish Other than Salmon and Herring in Australia
In 2022, overseas shipments of smoked fish other than salmon and herring increased by 51% to 1 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a dramatic contraction.
In value terms, exports of smoked fish other than salmon and herring contracted notably to $20K in 2022. Over the period under review, exports, however, recorded a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, the exports attained the peak of $109K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Smoked Fish Other than Salmon and Herring in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | N/A | 2.8 | 7.0 | 13.8 | 122.0% |
Papua New Guinea | N/A | 1.9 | 1.3 | 3.5 | 35.7% |
Brunei Darussalam | N/A | 5.8 | 7.9 | 2.6 | -33.0% |
Hong Kong SAR | 37.4 | 95.5 | 12.9 | N/A | -41.3% |
Thailand | 25.8 | N/A | N/A | N/A | 0% |
Malaysia | 13.3 | 2.5 | N/A | N/A | -81.2% |
Others | 2.4 | 0.5 | 1.3 | N/A | -26.4% |
Total | 78.8 | 109 | 30.5 | 19.9 | -36.8% |
Top Export Markets for Smoked Fish Other than Salmon and Herring from Australia in 2022:
- Vietnam (732.0 kg)
- Papua New Guinea (142.0 kg)
- Brunei Darussalam (128.0 kg)
This report provides an in-depth analysis of the market for smoked fish other than salmon and herring 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 10202485 - Smoked fish (excluding herrings, Pacific, Atlantic and Danube salmon), including fillets, excluding head, tails and maws
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
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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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In August 2022, the smoked salmon price amounted to $20.0 per kg (CIF, Australia), rising by 31% against the previous month.
Explore the top countries by import value for smoked salmon in 2023. Discover key statistics and market insights from IndexBox.
In August 2022, the smoked salmon price amounted to $20.0 per kg (CIF, Australia), rising by 31% against the previous month.
Explore the top countries by import value for smoked salmon in 2023. Discover key statistics and market insights from IndexBox.