South Africa: Preserved Tuna Market 2024

Preserved Tuna Market Size in South Africa

The South African preserved tuna market rose notably to $X in 2021, growing by 6.5% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Preserved tuna consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Preserved Tuna Production in South Africa

In value terms, preserved tuna production stood at $X in 2021 estimated in export price. In general, the total production indicated a pronounced expansion 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, production decreased by -3.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 64% against the previous year. Preserved tuna production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Preserved Tuna Exports

Exports from South Africa

After two years of growth, shipments abroad of tuna (prepared or preserved) decreased by -13% to X tons in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 17%. Over the period under review, the exports hit record highs at X tons in 2020, and then fell in the following year.

In value terms, preserved tuna exports dropped to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Botswana (X tons), Namibia (X tons) and Swaziland (X tons) were the main destinations of preserved tuna exports from South Africa, with a combined 85% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Swaziland (with a CAGR of +15.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Namibia ($X) and Swaziland ($X) constituted the largest markets for preserved tuna exported from South Africa worldwide, with a combined 80% share of total exports.

Botswana, with a CAGR of +13.0%, saw the highest growth rate of the value of exports, among 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 2021, the average preserved tuna export price amounted to $X per ton, with an increase of 4.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Botswana ($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 Namibia (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Tuna Imports

Imports into South Africa

In 2021, approx. X tons of tuna (prepared or preserved) were imported into South Africa; picking up by 26% compared with 2020. Overall, imports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2017 with an increase of 81% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved tuna imports soared to $X in 2021. In general, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2017 when imports increased by 96%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) was the main preserved tuna supplier to South Africa, accounting for a 92% share of total imports. Moreover, preserved tuna imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.2% per year) and Spain (+249.5% per year).

In value terms, Thailand ($X) constituted the largest supplier of tuna (prepared or preserved) to South Africa, comprising 91% of total imports. The second position in the ranking was held by China ($X), with a 5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.8% per year) and Spain (+211.8% per year).

Import Prices by Country

The average preserved tuna import price stood at $X per ton in 2021, falling by -1.9% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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