Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in South Africa - 2024

Contents:

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

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in South Africa (CIF) - 2022

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $4,131 per ton in 2022, falling by -25.9% against the previous year. In general, the import price showed a slight curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 174% against the previous year. The import price peaked at $16,618 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Vietnam ($4,625 per ton), while the price for China ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in South Africa (FOB) - 2022

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $3,589 per ton, waning by -16.5% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 42% against the previous year. As a result, the export price reached the peak level of $6,362 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($10,784 per ton), while the average price for exports to Botswana ($2,331 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 Seychelles (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in South Africa

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses imported into South Africa surged to 54 tons, jumping by 250% against 2021. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 538% against the previous year. As a result, imports reached the peak of 124 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses soared to $221K in 2022. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by 303% against the previous year. As a result, imports reached the peak of $1.3M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/A14438.222023.6%
Indonesia19.833.4N/AN/A68.7%
Vietnam3011,11944.7N/A-61.5%
Others1.95.42.40.6-31.9%
Total3231,30285.3221-11.9%

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to South Africa in 2022:

  1. India (53.5 tons)

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in South Africa

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses exported from South Africa shrank sharply to 22 tons, with a decrease of -41.2% on the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 78%. As a result, the exports attained the peak of 37 tons, and then fell remarkably in the following year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses reduced dramatically to $78K in 2022. Overall, exports continue to indicate a mild descent. The pace of growth was the most pronounced in 2021 with an increase of 113% against the previous year. As a result, the exports attained the peak of $159K, and then dropped significantly in the following year.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Botswana6.813.05.740.180.7%
Namibia61.542.667.326.1-24.9%
Swaziland0.31.29.98.2201.2%
SeychellesN/A2.11.72.46.9%
Democratic Republic of the CongoN/AN/A51.50.6-98.8%
Zambia2.70.615.40.3-51.9%
Mauritius6.3N/A3.6N/A-24.4%
Lesotho0.43.74.1N/A220.2%
Others3.711.60.10.5-48.7%
Total81.774.915978.2-1.4%

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from South Africa in 2022:

  1. Botswana (17.2 tons)
  2. Namibia (3.0 tons)
  3. Swaziland (0.8 tons)
  4. Seychelles (0.5 tons)
  5. Zambia (0.1 tons)
  6. Democratic Republic of the Congo (0.1 tons)

Source: IndexBox Market Intelligence Platform

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