South Africa: Frozen Fish Market 2024

Frozen Fish Market Size in South Africa

In 2022, the South African frozen fish market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a prominent 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 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Fish Production in South Africa

In value terms, frozen fish production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Frozen fish production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Frozen Fish Exports

Exports from South Africa

In 2022, exports of frozen fish from South Africa fell dramatically to X tons, declining by X% on 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, frozen fish exports declined 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 relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Spain (X tons), Mozambique (X tons) and Italy (X tons) were the main destinations of frozen fish exports from South Africa, together comprising X% of total exports. Portugal, Zambia, Namibia, Australia, Democratic Republic of the Congo, the UK, the Netherlands, France and Mauritius lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Portugal ($X) appeared to be the largest markets for frozen fish exported from South Africa worldwide, together comprising X% of total exports. Mozambique, Australia, the Netherlands, the UK, France, Zambia, Namibia, Mauritius and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further X%.

Zambia, with a CAGR of X%, 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

In 2022, the average frozen fish export price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into South Africa

Frozen fish imports into South Africa soared to X tons in 2022, surging by X% compared with the previous year. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, frozen fish imports soared to $X in 2022. Overall, total imports indicated a resilient 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Morocco (X tons) constituted the largest frozen fish supplier to South Africa, with a X% share of total imports. Moreover, frozen fish imports from Morocco exceeded the figures recorded by the second-largest supplier, Namibia (X tons), threefold. Russia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Morocco amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (X% per year) and Russia (X% per year).

In value terms, Morocco ($X), Namibia ($X) and Russia ($X) appeared to be the largest frozen fish suppliers to South Africa, with a combined X% share of total imports.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fish import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Namibia ($X per ton), while the price for Morocco ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :