Price for Fats and Oils and Their Fractions; of Marine Mammals in South Africa - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in South Africa (CIF) - 2022
- Price for Fats and Oils and Their Fractions; of Marine Mammals in South Africa (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in South Africa
- Exports of Fats and Oils and Their Fractions; of Marine Mammals in South Africa
Price for Fats and Oils and Their Fractions; of Marine Mammals in South Africa (CIF) - 2022
The average import price for fats and oils and their fractions; of marine mammalses stood at $18,594 per ton in 2022, growing by 61% against the previous year. Overall, the import price continues to indicate resilient growth. The growth pace was the most rapid in 2020 an increase of 190%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
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 the United States ($29,913 per ton), while the price for Canada stood at $16,215 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fats and Oils and Their Fractions; of Marine Mammals in South Africa (FOB) - 2022
The average export price for fats and oils and their fractions; of marine mammalses stood at $20,766 per ton in 2022, growing by 1,141% against the previous year. Over the period under review, the export price saw significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($29,945 per ton), while the average price for exports to Lesotho ($540 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 China (+40.4%), while the prices for the other major destinations experienced a decline.
Imports of Fats and Oils and Their Fractions; of Marine Mammals in South Africa
In 2022, after three years of growth, there was significant decline in purchases abroad of fats and oils and their fractions; of marine mammalses, when their volume decreased by -14.4% to 1.2 tons. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 535% against the previous year. As a result, imports attained the peak of 1.4 tons, and then fell in the following year.
In value terms, imports of fats and oils and their fractions; of marine mammalses soared to $22K in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 375%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | 0.2 | 15.6 | 15.9 | 791.6% |
| United States | N/A | 0.1 | 0.2 | 6.2 | 687.4% |
| China | N/A | N/A | 0.2 | N/A | 0% |
| Namibia | 1.0 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | 3.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 3.4 | 16.0 | 22.1 | 180.6% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to South Africa in 2022:
- Canada (980.0 kg)
- United States (206.0 kg)
Exports of Fats and Oils and Their Fractions; of Marine Mammals in South Africa
In 2022, overseas shipments of fats and oils and their fractions; of marine mammalses decreased by -99.7% to 337 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2020 with an increase of 417%.
In value terms, exports of fats and oils and their fractions; of marine mammalses declined significantly to $7K in 2022. In general, exports faced a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 344%. As a result, the exports attained the peak of $214K, and then declined sharply in the following year.
| Export of Fats and Oils and Their Fractions; of Marine Mammals in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sierra Leone | N/A | N/A | N/A | 6.0 | 0% |
| Botswana | 2.0 | N/A | N/A | 0.2 | -53.6% |
| Lesotho | 0.4 | 0.3 | N/A | 0.1 | -37.0% |
| United Kingdom | N/A | N/A | 213 | N/A | 0% |
| Zambia | 11.0 | N/A | N/A | N/A | 0% |
| United States | N/A | 45.8 | N/A | N/A | 0% |
| Others | 0.1 | 2.1 | 0.2 | 0.8 | 100.0% |
| Total | 13.5 | 48.1 | 214 | 7.0 | -19.7% |
Top Export Markets for Fats and Oils and Their Fractions; of Marine Mammals from South Africa in 2022:
- Sierra Leone (200.0 kg)
- Lesotho (113.0 kg)
- Botswana (21.0 kg)
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This report provides an in-depth analysis of the market for fish fat and oil in South Africa.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in South Africa.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
