SADC: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in SADC

In 2021, after two years of growth, there was significant decline in the SADC market for frozen crabs and crabs meat, when its value decreased by -39.7% to $X. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then reduced dramatically in the following year.

Production of Frozen Crabs And Crabs Meat in SADC

In value terms, frozen crab and crab meat production dropped to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +78.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 53% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Frozen Crabs And Crabs Meat

Exports in SADC

In 2021, approx. X tons of frozen crabs and crabs meat were exported in SADC; increasing by 43% compared with the previous year. In general, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen crab and crab meat exports surged to $X in 2021. Over the period under review, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Namibia (X tons) was the key exporter of frozen crabs and crabs meat, comprising 59% of total exports. It was distantly followed by Madagascar (X tons) and Mozambique (X tons), together generating a 37% share of total exports. Angola (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Namibia (with a CAGR of +20.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) remains the largest frozen crab and crab meat supplier in SADC, comprising 73% of total exports. The second position in the ranking was taken by Madagascar ($X), with a 19% share of total exports. It was followed by Angola, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Namibia totaled +27.6%. In the other countries, the average annual rates were as follows: Madagascar (+6.9% per year) and Angola (+17.8% per year).

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, picking up by 15% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 37% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mozambique (+6.7%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports in SADC

In 2021, imports of frozen crabs and crabs meat in SADC reduced dramatically to X tons, shrinking by -34.8% on the previous year. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 69% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen crab and crab meat imports dropped dramatically to $X in 2021. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 58% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons) and Namibia (X tons) dominates imports structure, together committing 86% of total imports. It was distantly followed by Mauritius (X tons), creating a 7.5% share of total imports. Madagascar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Madagascar (with a CAGR of +94.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) constitutes the largest market for imported frozen crabs and crabs meat in SADC, comprising 59% of total imports. The second position in the ranking was taken by South Africa ($X), with a 27% share of total imports. It was followed by Mauritius, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Namibia totaled +45.3%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (+5.0% per year) and Mauritius (-1.5% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, rising by 17% against the previous year. Import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen crab and crab meat import price decreased by -5.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 31%. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 (+5.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform