Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in South Africa - 2024

Contents:

1. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Africa (FOB) - 2022
2. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Africa (CIF) - 2022
3. Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Africa
4. Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Africa

Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Africa (FOB) - 2022

In 2022, the average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $3,913 per ton, jumping by 20% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 390%. The export price peaked at $27,072 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Democratic Republic of the Congo amounted to +12.9% per year.

Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Africa (CIF) - 2022

The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $732 per ton in 2022, falling by -76.7% against the previous year. Overall, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 66%. As a result, import price reached the peak level of $4,755 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($3,000 per ton), while the price for Hong Kong SAR amounted to $726 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Africa

In 2022, shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -97.6% to 356 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 945%. As a result, the exports attained the peak of 15 tons, and then contracted markedly in the following year.

In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s reduced markedly to $1.4K in 2022. Overall, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 1,165% against the previous year. As a result, the exports attained the peak of $49K, and then contracted markedly in the following year.

Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from South Africa in 2022:

1. Namibia (356.0 kg)

Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Africa

For the third year in a row, South Africa recorded decline in supplies from abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s, which decreased by -92.5% to 1.1 tons in 2022. In general, imports recorded a dramatic decline. The smallest decline of -10.9% was in 2021.

In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s shrank notably to $793 in 2022. Overall, imports saw a precipitous slump. The smallest decline of -15.6% was in 2021.

Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to South Africa in 2022:

1. Hong Kong SAR (1080.0 kg)
2. Thailand (3.0 kg)

Source: IndexBox Market Intelligence Platform