Frozen Tilapia Fillets Price in South Africa - 2023
Contents:
- Frozen Tilapia Fillets Price in South Africa (FOB) - 2022
- Frozen Tilapia Fillets Price in South Africa (CIF) - 2022
- Frozen Tilapia Fillets Exports in South Africa
- Frozen Tilapia Fillets Imports in South Africa
Frozen Tilapia Fillets Price in South Africa (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $2,335 per ton, falling by -14.2% against the previous year. In general, the export price saw a abrupt decrease. The growth pace was the most rapid in 2019 an increase of 44% against the previous year. The export price peaked at $4,392 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lesotho ($7,658 per ton), while the average price for exports to Zambia ($1,124 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 Congo (+80.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Tilapia Fillets Price in South Africa (CIF) - 2022
The average frozen tilapia fillets import price stood at $1,487 per ton in 2022, shrinking by -46.5% against the previous year. In general, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2021 when the average import price increased by 22%. Over the period under review, average import prices attained the peak figure at $4,792 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +5.3% per year.
Frozen Tilapia Fillets Exports in South Africa
Frozen tilapia fillets exports from South Africa skyrocketed to 78 tons in 2022, with an increase of 242% compared with the year before. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 256%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, frozen tilapia fillets exports surged to $183K in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 356% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Frozen Tilapia Fillets in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | 98.8 | 2.1 | 99.9 | 0.6% |
| Botswana | 31.2 | 12.2 | 12.0 | 33.2 | 2.1% |
| Zambia | N/A | 0.5 | N/A | 31.6 | 695.0% |
| Swaziland | N/A | 12.5 | 5.5 | 10.0 | -10.6% |
| Namibia | N/A | 15.0 | 11.7 | 4.0 | -48.4% |
| Zimbabwe | N/A | N/A | 27.6 | N/A | 0% |
| Others | 1.1 | 8.2 | 3.5 | 4.5 | 59.9% |
| Total | 32.3 | 147 | 62.4 | 183 | 78.3% |
Top Export Markets for Frozen Tilapia Fillets from South Africa in 2022:
- Zambia (28.1 tons)
- Democratic Republic of the Congo (25.3 tons)
- Botswana (18.1 tons)
- Swaziland (4.3 tons)
- Namibia (2.2 tons)
Frozen Tilapia Fillets Imports in South Africa
After two years of decline, supplies from abroad of frozen tilapia fillets increased by 152% to 30 tons in 2022. Over the period under review, imports, however, showed a deep slump.
In value terms, frozen tilapia fillets imports surged to $45K in 2022. In general, imports, however, saw a sharp curtailment.
| Import of Frozen Tilapia Fillets in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 115 | 52.4 | N/A | 44.9 | -26.9% |
| Zimbabwe | 29.8 | N/A | N/A | N/A | 0% |
| Zambia | N/A | N/A | 33.4 | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 144 | 52.6 | 33.4 | 44.9 | -32.2% |
Top Suppliers of Frozen Tilapia Fillets to South Africa in 2022:
- China (30.2 tons)
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