South Africa: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in South Africa

The South African preserved fish fillet market shrank slightly to $X in 2021, waning by -4.8% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Preserved Fish Fillet Production in South Africa

In value terms, preserved fish fillet production dropped markedly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 482%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Preserved Fish Fillet Exports

Exports from South Africa

In 2021, shipments abroad of fish fillets (dried, salted or in brine, but not smoked) decreased by -77.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2019 when exports increased by 160%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, preserved fish fillet exports fell sharply to $X in 2021. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 269% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for preserved fish fillet exports from South Africa, with a 56% share of total exports. Moreover, preserved fish fillet exports to Italy exceeded the volume sent to the second major destination, Namibia (X kg), threefold. The third position in this ranking was taken by Mozambique (X kg), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+7.7% per year) and Mozambique (-25.8% per year).

In value terms, Italy ($X) emerged as the key foreign market for fish fillets (dried, salted or in brine, but not smoked) exports from South Africa, comprising 64% of total exports. The second position in the ranking was taken by Namibia ($X), with a 10% share of total exports. It was followed by Hong Kong SAR, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+0.9% per year) and Hong Kong SAR (+3.8% per year).

Export Prices by Country

In 2021, the average preserved fish fillet export price amounted to $X per ton, growing by 34% against the previous year. Over the period under review, the export price posted a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 135% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saint Helena, Ascension and Tristan da Cunha (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Fish Fillet Imports

Imports into South Africa

In 2021, purchases abroad of fish fillets (dried, salted or in brine, but not smoked) decreased by -30.7% to X tons, falling for the third year in a row after four years of growth. Overall, imports showed a sharp setback. The most prominent rate of growth was recorded in 2015 with an increase of 22,520% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, preserved fish fillet imports dropped significantly to $X in 2021. In general, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2015 with an increase of 102,754%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Namibia (X tons) constituted the largest supplier of preserved fish fillet to South Africa, with a approx. 51% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Namibia totaled -30.9%.

In value terms, Namibia ($X) constituted the largest supplier of fish fillets (dried, salted or in brine, but not smoked) to South Africa.

From 2012 to 2021, the average annual growth rate of value from Namibia amounted to -23.4%.

Import Prices by Country

In 2021, the average preserved fish fillet import price amounted to $X per ton, dropping by -5.8% against the previous year. Over the period under review, the import price, however, enjoyed a slight increase. The growth pace was the most rapid in 2015 when the average import price increased by 355%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Namibia.

From 2012 to 2021, the rate of growth in terms of prices for Namibia amounted to +10.9% per year.

Source: IndexBox Platform

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