| Product Code: ETC387935 | Publication Date: Aug 2022 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Australia`s import trend for the squid market experienced a decline from 2023 to 2024, with a growth rate of -3.9%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -4.69%. This negative import momentum could be attributed to shifts in consumer preferences or changes in global trade dynamics impacting market stability.

With its extensive coastline and thriving seafood industry, Australia is a significant player in the global squid market. The market involves the catching, processing, and distribution of various squid species for domestic consumption and export, with demand stemming from both culinary preferences and commercial applications.
The Australia squid market is influenced by several factors, including changing consumer preferences, technological advancements in fishing techniques, and fluctuations in seafood prices. Squid is a popular seafood choice known for its mild flavor and versatility in various cuisines. The market is driven by both domestic consumption and export demand, with factors such as sustainability practices in fishing and processing playing a crucial role in shaping market dynamics.
The squid market in Australia encounters challenges related to sustainability, fluctuating demand, and regulatory constraints. Squid fishing, both for domestic consumption and export, is subject to strict regulations aimed at preserving marine ecosystems and preventing overfishing. However, illegal fishing practices and inadequate enforcement of regulations pose threats to the sustainability of squid stocks and the long-term viability of the industry. Fluctuations in demand, both domestically and internationally, also impact market stability, leading to price volatility and revenue uncertainty for squid fishermen and processors. Moreover, competition from imported squid products further adds to the challenges faced by the Australia squid market, requiring local producers to differentiate their offerings based on quality, freshness, and sustainability credentials.
Government policies in the Australia squid market aim to sustainably manage squid fisheries and ensure the long-term viability of this resource. Fisheries management authorities implement regulations such as catch quotas, size limits, and fishing gear restrictions to prevent overexploitation and maintain healthy squid populations. Additionally, there may be initiatives to promote research on squid biology and ecology, as well as measures to address bycatch and minimize environmental impacts.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here