SADC: Frozen Fish Market 2024

Frozen Fish Market Size in SADC

For the sixth year in a row, the SADC frozen fish market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Frozen Fish Production in SADC

In value terms, frozen fish production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Frozen Fish Exports

Exports in SADC

In 2022, overseas shipments of frozen fish increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, frozen fish exports shrank to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Namibia (X tons) and Seychelles (X tons) represented the largest exporters of frozen fish in 2022, finishing at approx. X% and X% of total exports, respectively. It was distantly followed by South Africa (X tons) and Mauritius (X tons), together mixing up a X% share of total exports. Tanzania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Seychelles (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Namibia ($X) remains the largest frozen fish supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Seychelles ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Namibia was relatively modest. In the other countries, the average annual rates were as follows: Seychelles (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, declining by X% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while Seychelles ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Frozen Fish Imports

Imports in SADC

In 2022, supplies from abroad of frozen fish was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, frozen fish imports totaled $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of frozen fish imports in 2022 were South Africa (X tons), Democratic Republic of the Congo (X tons), Mauritius (X tons), Zambia (X tons), Seychelles (X tons) and Mozambique (X tons), together recording X% of total import. It was distantly followed by Namibia (X tons), making up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish importing markets in SADC were South Africa ($X), Mauritius ($X) and Zambia ($X), with a combined X% share of total imports.

Among the main importing countries, Zambia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform