The import of frozen fish to Australia showed significant fluctuations from 2013 to 2023, peaking in 2014 and hitting a low in 2016. The year-on-year variation has been notably volatile, with marked increases in 2014 and 2017 but considerable decreases in 2015 and 2016. By 2023, the imports stood at 38.605 million USD, representing a modest annual growth over the past few years. The five-year CAGR for 2023 is 2.64%, indicating moderate, consistent growth in recent times.
Future trends to watch for include:
- Continuation of stable growth in the import of frozen fish, forecasted with a five-year CAGR of 1.34% up to 2028.
- Increasing consumer demand for seafood and potential changes in trade policies, which could influence import volumes.
- Environmental factors affecting fish stock availability and subsequent pricing dynamics.