Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Africa - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Africa (FOB) - 2023
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Africa (CIF) - 2023
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Africa
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Africa
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Africa (FOB) - 2023
In December 2023, the average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $5,793 per ton, surging by 5.5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average export price increased by 12% against the previous month. The export price peaked in December 2023.
Average prices varied noticeably for the major foreign markets. In December 2023, the highest price was recorded for prices to France ($6,561 per ton) and the UK ($6,473 per ton), while the average price for exports to Spain ($5,313 per ton) and Poland ($5,443 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Africa (CIF) - 2023
In December 2023, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $3,697 per ton, surging by 15% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $3,829 per ton in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Namibia ($3,850 per ton), while the price for the United States stood at $2,190 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Namibia (+0.2%).
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Africa
In 2022, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s from South Africa was estimated at 25K tons, picking up by 3.8% against the year before. The total export volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 16% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s contracted to $120M in 2022. In general, exports, however, recorded a slight slump. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, the exports attained the peak of $127M, and then reduced in the following year.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 31.6 | 33.5 | 40.2 | 28.1 | -3.8% |
| Spain | 38.7 | 31.7 | 34.5 | 26.6 | -11.7% |
| Australia | 17.0 | 11.5 | 11.8 | 14.2 | -5.8% |
| Portugal | 10.8 | 4.9 | 8.8 | 9.2 | -5.2% |
| United Kingdom | 5.7 | 2.6 | 3.0 | 9.0 | 16.4% |
| Netherlands | 6.1 | 7.2 | 6.7 | 7.1 | 5.2% |
| France | 4.8 | 5.4 | 5.6 | 5.5 | 4.6% |
| United States | 2.2 | 1.8 | 4.6 | 5.3 | 34.1% |
| Poland | 0.8 | 0.8 | 1.5 | 4.4 | 76.5% |
| Sweden | 1.7 | 1.4 | 1.2 | 2.4 | 12.2% |
| Others | 6.0 | 6.3 | 9.6 | 7.7 | 8.7% |
| Total | 125 | 107 | 127 | 120 | -1.4% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from South Africa in 2022:
- Spain (6.6K tons)
- Italy (5.2K tons)
- Australia (2.7K tons)
- Portugal (1.9K tons)
- United Kingdom (1.9K tons)
- Netherlands (1.5K tons)
- United States (1.0K tons)
- Poland (1.0K tons)
- France (1.0K tons)
- Sweden (0.5K tons)
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Africa
In 2022, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s into South Africa fell to 8.1K tons, dropping by -8.5% against 2021 figures. In general, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 13%.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s fell to $27M in 2022. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 37%.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 29.4 | 17.2 | 26.7 | 24.3 | -6.2% |
| United States | 2.9 | 1.4 | 0.7 | 1.6 | -18.0% |
| Argentina | N/A | N/A | N/A | 0.3 | 0% |
| Canada | 0.4 | 1.6 | 0.6 | 0.1 | -37.0% |
| Others | 1.2 | 0.7 | 0.6 | 0.4 | -30.7% |
| Total | 33.9 | 20.9 | 28.6 | 26.6 | -7.8% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to South Africa in 2022:
- Namibia (7.4K tons)
- United States (0.5K tons)
- Argentina (0.1K tons)
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