South Africa: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in South Africa

In 2021, the South African fish meals and pellet market increased by 1.6% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.0% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish in South Africa

In value terms, fish meals and pellet production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 41% against the previous year. Fish meals and pellet production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from South Africa

In 2021, shipments abroad of flours, meals and pellets of fish decreased by -5.9% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a mild contraction. The growth pace was the most rapid in 2018 with an increase of 73% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, fish meals and pellet exports contracted to $X in 2021. In general, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 76%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for fish meals and pellet exports from South Africa, accounting for a 85% share of total exports. Moreover, fish meals and pellet exports to Australia exceeded the volume sent to the second major destination, Japan (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.5% per year) and Lesotho (-51.7% per year).

In value terms, Australia ($X) emerged as the key foreign market for flours, meals and pellets of fish exports from South Africa, comprising 83% of total exports. The second position in the ranking was taken by Japan ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.5% per year) and Lesotho (-46.8% per year).

Export Prices by Country

In 2021, the average fish meals and pellet export price amounted to $X per ton, with a decrease of -8% against the previous year. In general, the export price recorded a slight decline. The pace of growth appeared the most rapid in 2015 an increase of 17% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Lesotho ($X per ton), while the average price for exports to Australia ($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 Lesotho (+10.3%), while the prices for the other major destinations experienced a decline.

Imports of Flours, Meals And Pellets Of Fish

Imports into South Africa

In 2021, purchases abroad of flours, meals and pellets of fish decreased by -23.9% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a significant decrease. The growth pace was the most rapid in 2017 when imports increased by 649% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, fish meals and pellet imports dropped notably to $X in 2021. In general, imports showed a sharp curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 585%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Uganda (X tons) was the main fish meals and pellet supplier to South Africa, with a 96% share of total imports. Moreover, fish meals and pellet imports from Uganda exceeded the figures recorded by the second-largest supplier, Namibia (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Uganda was relatively modest.

In value terms, Uganda ($X) constituted the largest supplier of flours, meals and pellets of fish to South Africa, comprising 92% of total imports. The second position in the ranking was held by Namibia ($X), with a 7.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Uganda was relatively modest.

Import Prices by Country

In 2021, the average fish meals and pellet import price amounted to $X per ton, picking up by 7.8% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 52%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Namibia ($X per ton), while the price for Uganda totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+5.5%).

Source: IndexBox Platform

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