SADC: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in SADC

The SADC frozen cuttlefishes market shrank dramatically to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Frozen Cuttlefishes Production in SADC

In value terms, frozen cuttlefishes production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Frozen Cuttlefishes Exports

Exports in SADC

After five years of decline, overseas shipments of frozen cuttlefishes increased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a deep reduction. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports soared to $X in 2022. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Namibia (X tons) was the major exporter of frozen cuttlefishes, committing X% of total exports. It was distantly followed by Angola (X tons) and South Africa (X tons), together achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen cuttlefishes exports from Namibia stood at X%. At the same time, Angola (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Namibia and Angola increased by X and X percentage points, respectively.

In value terms, Namibia ($X) remains the largest frozen cuttlefishes supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Namibia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Angola (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced a decline in the export price figures.

Frozen Cuttlefishes Imports

Imports in SADC

In 2022, after five years of decline, there was growth in overseas purchases of frozen cuttlefishes, when their volume increased by X% to X tons. Overall, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen cuttlefishes imports expanded remarkably to $X in 2022. Over the period under review, imports, however, showed a deep slump. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) represented the major importer of frozen cuttlefishes, creating X% of total imports. Namibia (X tons) ranks second in terms of the total imports with a X% share, followed by Mauritius (X%).

From 2012 to 2022, average annual rates of growth with regard to frozen cuttlefishes imports into South Africa stood at X%. Mauritius (X%) and Namibia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) and Mauritius (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Namibia (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X), Namibia ($X) and Mauritius ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Mauritius, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X 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 importing countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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