Between 2013 and 2023, the export of frozen fish from Australia exhibited fluctuation. The highest year-on-year growth was 19.5% in 2018, while the largest decline was -24.22% in 2015. Generally, the market has shown resilience with a slight increase in value from 2021 onwards. As of 2023, the export value stood at $122.72 million USD with a year-on-year increase of 0.9%. The Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 is 0.076%, indicating a stabilized yet modest growth phase.
Looking ahead, the projected CAGR for the next five years is 0.65%, suggesting a tepid but steady growth. Market stakeholders should closely monitor:
- Global demand fluctuations due to economic conditions.
- Trade policies and regulations affecting export markets.
- Innovations in sustainable fishing practices.
- Environmental impacts and climate changes affecting fish stock.
