SADC: Preserved Tuna Market 2024

Preserved Tuna Market Size in SADC

The SADC preserved tuna market soared to $X in 2023, with an increase of X% against the previous year. Overall, consumption saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Preserved Tuna Production in SADC

In value terms, preserved tuna production contracted modestly to $X in 2023 estimated in export price. In general, production recorded a noticeable descent. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Preserved Tuna Exports

Exports in SADC

In 2023, exports of tuna (prepared or preserved) in SADC reduced markedly to X tons, waning by X% against the year before. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, preserved tuna exports fell slightly to $X in 2023. Over the period under review, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Seychelles represented the key exporter of tuna (prepared or preserved) in SADC, with the volume of exports reaching X tons, which was approx. X% of total exports in 2023. Mauritius (X tons) ranks second in terms of the total exports with a X% share, followed by Madagascar (X%).

Seychelles was also the fastest-growing in terms of the tuna (prepared or preserved) exports, with a CAGR of X% from 2012 to 2023. Madagascar (X%) and Mauritius (X%) illustrated a downward trend over the same period. While the share of Seychelles (X p.p.) and Madagascar (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Mauritius (X p.p.) displayed negative dynamics.

In value terms, the largest preserved tuna supplying countries in SADC were Seychelles ($X), Mauritius ($X) and Madagascar ($X), together accounting for X% of total exports.

Mauritius, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, rising by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, preserved tuna export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced a decline in the export price figures.

Preserved Tuna Imports

Imports in SADC

In 2023, overseas purchases of tuna (prepared or preserved) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, preserved tuna imports dropped dramatically to $X in 2023. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the main importing country with an import of around X tons, which amounted to X% of total imports. Angola (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mozambique (X%). The following importers - Botswana (X tons), Namibia (X tons) and Mauritius (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to preserved tuna imports into South Africa stood at X%. At the same time, Botswana (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. By contrast, Mauritius (X%), Namibia (X%) and Angola (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Africa, Mozambique and Botswana increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported tuna (prepared or preserved) in SADC, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Angola (X% per year) and Mauritius (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform