Price for Crustacean Preparations; Lobster, Prepared or Preserved in South Africa - 2023
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in South Africa (FOB) - 2022
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in South Africa (CIF) - 2022
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in South Africa
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in South Africa
Price for Crustacean Preparations; Lobster, Prepared or Preserved in South Africa (FOB) - 2022
In 2022, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $2,618 per ton, falling by -72.4% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 58% against the previous year. Over the period under review, the average export prices hit record highs at $30,840 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Namibia.
From 2012 to 2022, the rate of growth in terms of prices for Botswana amounted to +20.6% per year.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in South Africa (CIF) - 2022
The average import price for crustacean preparations; lobster, prepared or preserveds stood at $835 per ton in 2022, falling by -26.9% against the previous year. Overall, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2016 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $57,000 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($854 per ton), while the price for China amounted to $810 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-0.4%).
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in South Africa
Exports of crustacean preparations; lobster, prepared or preserveds from South Africa skyrocketed to 4.7 tons in 2022, rising by 13,824% on the year before. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds soared to $12K in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 5,267%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 0.8 | N/A | N/A | 12.1 | 147.3% |
| Others | 0.2 | N/A | 0.3 | 0.3 | 14.5% |
| Total | 1.0 | N/A | 0.3 | 12.4 | 131.5% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from South Africa in 2022:
- Namibia (4.7 tons)
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in South Africa
For the third consecutive year, South Africa recorded growth in purchases abroad of crustacean preparations; lobster, prepared or preserveds, which increased by 19% to 564 kg in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 220% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds dropped to $471 in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 173%. As a result, imports attained the peak of $540, and then shrank in the following year.
| Import of Crustacean Preparations; Lobster, Prepared or Preserved in South Africa (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Hong Kong SAR | N/A | N/A | 270 | 0% | |
| China | 198 | 534 | 201 | 0.8% | |
| Others | N/A | 6.0 | N/A | 0% | |
| Total | 198 | 540 | 471 | 54.2% | |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to South Africa in 2022:
- Hong Kong SAR (316.0 kg)
- China (248.0 kg)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in South Africa.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in South Africa.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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