South Africa - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in South Africa - 2023
Contents:
- Frozen Fish Meat Price in South Africa (FOB) - 2023
- Frozen Fish Meat Price in South Africa (CIF) - 2023
- Frozen Fish Meat Exports in South Africa
- Frozen Fish Meat Imports in South Africa
Frozen Fish Meat Price in South Africa (FOB) - 2023
In July 2023, the average frozen fish meat export price amounted to $5,047 per ton, jumping by 28% against the previous month. In general, export price indicated a noticeable expansion from July 2022 to July 2023: its price increased at an average monthly rate of +4.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, frozen fish meat export price increased by +79.3% against March 2023 indices. The growth pace was the most rapid in December 2022 an increase of 52% m-o-m. The export price peaked in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Botswana ($14,752 per ton), while the average price for exports to Spain ($2,091 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Meat Price in South Africa (CIF) - 2023
In July 2023, the average frozen fish meat import price amounted to $2,377 per ton, picking up by 73% against the previous month. Overall, import price indicated notable growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, frozen fish meat import price increased by +144.6% against May 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Taiwan (Chinese) ($2,434 per ton), while the price for Namibia totaled $2,362 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Meat Exports in South Africa
In 2022, shipments abroad of frozen fish meat decreased by -59.8% to 652 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 38%. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, frozen fish meat exports shrank sharply to $2.3M in 2022. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. As a result, the exports reached the peak of $6.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Frozen Fish Meat in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 454 | 678 | 687 | 663 | 13.5% |
Botswana | 667 | 418 | 506 | 536 | -7.0% |
Spain | 1,484 | 1,766 | 1,356 | 421 | -34.3% |
Namibia | 301 | 269 | 68.3 | 144 | -21.8% |
Italy | 110 | N/A | N/A | 107 | -0.9% |
Democratic Republic of the Congo | 75.6 | 63.7 | 86.8 | 90.1 | 6.0% |
Swaziland | 43.6 | 163 | 615 | 74.5 | 19.6% |
Zimbabwe | 22.3 | 32.3 | 141 | 60.3 | 39.3% |
Germany | N/A | 88.2 | 95.6 | N/A | 8.4% |
Netherlands | 111 | 116 | 13.5 | N/A | -65.1% |
Portugal | 493 | 2,551 | 2,186 | N/A | 110.6% |
Others | 498 | 349 | 127 | 228 | -22.9% |
Total | 4,259 | 6,495 | 5,881 | 2,324 | -18.3% |
Top Export Markets for Frozen Fish Meat from South Africa in 2022:
- Spain (185.3 tons)
- Botswana (144.8 tons)
- Australia (116.7 tons)
- Namibia (52.1 tons)
- Swaziland (34.8 tons)
- Democratic Republic of the Congo (22.7 tons)
- Italy (21.1 tons)
- Zimbabwe (14.8 tons)
Frozen Fish Meat Imports in South Africa
In 2022, purchases abroad of frozen fish meat decreased by -11.7% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 25%. As a result, imports attained the peak of 1.5K tons, and then contracted in the following year.
In value terms, frozen fish meat imports contracted to $2.6M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $2.8M, and then dropped in the following year.
Import of Frozen Fish Meat in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Namibia | 1,197 | 1,344 | 2,175 | 2,373 | 25.6% |
Norway | 287 | 198 | 204 | 159 | -17.9% |
New Zealand | 82.6 | N/A | 73.2 | 81.1 | -0.6% |
China | 19.1 | 33.1 | 133 | 23.7 | 7.5% |
United States | 589 | 734 | 0.2 | N/A | -98.2% |
Brazil | 10.7 | N/A | 111 | N/A | 222.1% |
Others | 243 | N/A | 130 | N/A | -26.9% |
Total | 2,428 | 2,309 | 2,827 | 2,636 | 2.8% |
Top Suppliers of Frozen Fish Meat to South Africa in 2022:
- Namibia (1060.4 tons)
- Norway (100.5 tons)
- New Zealand (41.0 tons)
- China (31.1 tons)
This report provides an in-depth analysis of the frozen fish meat market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In July 2023, the growth rate reached a remarkable 102% compared to the previous month. The export value of Fresh Fish Fillet also experienced a significant surge, reaching $590K in November 2023.
Explore the top import markets for frozen fish meat and discover key statistics on countries leading the global trade. Find out which nations have the highest import values and demand for frozen fish meat.
Explore the top import markets for fresh fish fillet and their key statistics. Learn about the countries with the highest import values for fresh fish fillet, such as the United States, France, and Sweden. Find market insights and opportunities on the IndexBox platform.
In value terms, prepared and preserved fish imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indi...
In value terms, prepared and preserved fish exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern i...
In July 2023, the growth rate reached a remarkable 102% compared to the previous month. The export value of Fresh Fish Fillet also experienced a significant surge, reaching $590K in November 2023.
Explore the top import markets for frozen fish fillet and their key statistics. Find out the import values and opportunities in countries like the United States, Japan, Germany, and more.
Explore the top import markets for frozen fish meat and discover key statistics on countries leading the global trade. Find out which nations have the highest import values and demand for frozen fish meat.
Explore the top import markets for fresh fish fillet and their key statistics. Learn about the countries with the highest import values for fresh fish fillet, such as the United States, France, and Sweden. Find market insights and opportunities on the IndexBox platform.
In value terms, prepared and preserved fish imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indi...