Africa: Market for Frozen Southern Bluefin Tuna 2022

Market Size for Frozen Southern Bluefin Tuna in Africa

In 2020, the African frozen southern bluefin tuna market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a modest expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. The level of consumption peaked in 2020 and is expected to retain growth in the near future.

Production of Frozen Southern Bluefin Tuna in Africa

In value terms, frozen southern bluefin tuna production amounted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. As a result, production attained the peak level of $X; afterwards, it flattened through to 2020.

Production By Country in Africa

The country with the largest volume of frozen southern bluefin tuna production was Tunisia (X tons), comprising approx. X% of total volume. Moreover, frozen southern bluefin tuna production in Tunisia exceeded the figures recorded by the second-largest producer, Mauritania (X tons), threefold. Senegal (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Tunisia amounted to +X%. In the other countries, the average annual rates were as follows: Mauritania (+X% per year) and Senegal (+X% per year).

Exports of Frozen Southern Bluefin Tuna

Exports in Africa

For the third consecutive year, Africa recorded decline in shipments abroad of frozen southern bluefin tuna, which decreased by -X% to X tons in 2020. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tons in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen southern bluefin tuna exports contracted significantly to $X in 2020. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Mozambique dominates frozen southern bluefin tuna exports structure, recording X tons, which was approx. X% of total exports in 2020. South Africa (X kg) followed a long way behind the leaders.

Mozambique was also the fastest-growing in terms of the frozen southern bluefin tuna exports, with a CAGR of +X% from 2007 to 2020. At the same time, South Africa (+X%) displayed positive paces of growth. Mozambique (+X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Mozambique ($X) emerged as the largest frozen southern bluefin tuna supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in Mozambique stood at +X%.

Export Prices by Country

In 2020, the frozen southern bluefin tuna export price in Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was South Africa ($X per ton), while Mozambique amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Africa.

Imports of Frozen Southern Bluefin Tuna

Imports in Africa

Frozen southern bluefin tuna imports dropped significantly to X tons in 2020, with a decrease of -X% against the previous year's figure. Overall, imports saw a deep contraction. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, frozen southern bluefin tuna imports contracted notably to $X in 2020. In general, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, South Africa (X tons) was the key importer of frozen southern bluefin tuna, generating X% of total imports. It was distantly followed by Cabo Verde (X tons), making up a X% share of total imports. Angola (X kg) and Zimbabwe (X kg) took a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen southern bluefin tuna imports into South Africa stood at -X%. At the same time, Zimbabwe (+X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2020. By contrast, Cabo Verde (-X%) and Angola (-X%) illustrated a downward trend over the same period. While the share of South Africa (+X p.p.), Cabo Verde (+X p.p.) and Zimbabwe (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Angola (-X p.p.) displayed negative dynamics.

In value terms, South Africa ($X), Cabo Verde ($X) and Angola ($X) constituted the countries with the highest levels of imports in 2020, together comprising X% of total imports. Zimbabwe lagged somewhat behind, comprising a further X terms of the main importing countries, Zimbabwe (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The frozen southern bluefin tuna import price in Africa stood at $X per ton in 2020, growing by X% against the previous year. In general, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2014 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2015 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Zimbabwe ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Zimbabwe, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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