South Africa: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in South Africa

The South African bigeye tuna market surged to $X in 2020, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a mild expansion. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2014 to 2020, the growth of the market remained at a somewhat lower figure.

Bigeye Tuna Exports

Exports from South Africa

Bigeye tuna exports from South Africa surged to X tons in 2020, rising by X% against the previous year. Overall, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tons in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, bigeye tuna exports soared to $X in 2020. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for bigeye tuna exports from South Africa, accounting for a X% share of total exports. Moreover, bigeye tuna exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was occupied by Japan (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Spain totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Japan (-X% per year).

In value terms, Spain ($X), Japan ($X) and the Netherlands ($X) appeared to be the largest markets for bigeye tuna exported from South Africa worldwide, together comprising X% of total exports.

Spain saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bigeye tuna export price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Japan ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced more modest paces of growth.

Bigeye Tuna Imports

Imports into South Africa

After two years of decline, overseas purchases of bigeye tuna increased by X% to X tons in 2020. Overall, imports showed a mild expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, bigeye tuna imports rose significantly to $X in 2020. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2014 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Namibia (X tons) constituted the largest supplier of bigeye tuna to South Africa, accounting for a X% share of total imports. Moreover, bigeye tuna imports from Namibia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume from Namibia amounted to +X%.

In value terms, Namibia ($X) and Taiwan (Chinese) ($X) were the largest bigeye tuna suppliers to South Africa.

Among the main suppliers, Namibia saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2020, the average bigeye tuna import price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019, and then fell significantly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Namibia totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese).

Source: IndexBox Platform

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