Africa: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Africa

The African market for prepared or preserved crab meat rose slightly to $X in 2021, increasing by 4.5% against the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Prepared Or Preserved Crab Meat in Africa

In value terms, prepared or preserved crab meat production expanded sharply to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.8% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports in Africa

In 2021, shipments abroad of prepared or preserved crab meat was finally on the rise to reach X tons after four years of decline. In general, exports continue to indicate tangible growth. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, prepared or preserved crab meat exports soared to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Angola dominates exports structure, reaching X tons, which was near 93% of total exports in 2021. South Africa (X tons) took a little share of total exports.

Angola was also the fastest-growing in terms of the prepared or preserved crab meat exports, with a CAGR of +10.6% from 2012 to 2021. South Africa (-12.3%) illustrated a downward trend over the same period. Angola (+47 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -6% from 2012 to 2021, respectively.

In value terms, Angola ($X) remains the largest prepared or preserved crab meat supplier in Africa, comprising 79% of total exports. The second position in the ranking was held by South Africa ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Angola amounted to +9.5%.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, falling by -32.7% against the previous year. Overall, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined markedly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Angola amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+9.7%).

Imports of Prepared Or Preserved Crab Meat

Imports in Africa

Prepared or preserved crab meat imports skyrocketed to X tons in 2021, picking up by 22% on the previous year. Overall, imports, however, recorded a slight decline. The pace of growth was the most pronounced in 2013 when imports increased by 53% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports soared to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 51%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Namibia dominates imports structure, accounting for X tons, which was approx. 88% of total imports in 2021. The following importers - South Africa (X tons) and Somalia (X tons) - each accounted for a 4.1% share of total imports.

Imports into Namibia increased at an average annual rate of +1.5% from 2012 to 2021. At the same time, Somalia (+111.3%) displayed positive paces of growth. Moreover, Somalia emerged as the fastest-growing importer imported in Africa, with a CAGR of +111.3% from 2012-2021. By contrast, South Africa (-23.9%) illustrated a downward trend over the same period. While the share of Namibia (+20 p.p.) and Somalia (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Africa (-20.4 p.p.) displayed negative dynamics.

In value terms, Namibia ($X) constitutes the largest market for imported prepared or preserved crab meat in Africa, comprising 86% of total imports. The second position in the ranking was taken by Somalia ($X), with a 1.1% share of total imports.

In Namibia, prepared or preserved crab meat imports expanded at an average annual rate of +1.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Somalia (+94.2% per year) and South Africa (-27.5% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, with an increase of 1.7% against the previous year. Import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared or preserved crab meat import price decreased by -23.8% against 2018 indices. The growth pace was the most rapid in 2018 when the import price increased by 102% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Namibia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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