SADC: Molluscs Market 2024

Molluscs Market Size in SADC

The SADC molluscs market reached $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

Molluscs Production in SADC

In value terms, molluscs production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Molluscs Exports

Exports in SADC

Molluscs exports shrank to X tons in 2023, dropping by X% against 2022. Over the period under review, exports, however, continue to indicate a modest increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, molluscs exports fell dramatically to $X in 2023. In general, exports, however, recorded a modest increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X tons) and Namibia (X tons) represented the main exporters of molluscs (scallops, mussels, cuttle fish, squid and octopus) in 2023, reaching near X% and X% of total exports, respectively. It was distantly followed by Madagascar (X tons), Tanzania (X tons), Angola (X tons) and Mozambique (X tons), together achieving a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mozambique (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest molluscs supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports. It was followed by Madagascar, with a X% share.

In South Africa, molluscs exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Namibia (X% per year) and Madagascar (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced more modest paces of growth.

Molluscs Imports

Imports in SADC

In 2023, purchases abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports continue to indicate a mild decline. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, molluscs imports dropped sharply to $X in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then declined rapidly in the following year.

Imports by Country

In 2023, South Africa (X tons) represented the key importer of molluscs (scallops, mussels, cuttle fish, squid and octopus), making up X% of total imports. Namibia (X tons) ranks second in terms of the total imports with a X% share, followed by Mauritius (X%).

South Africa experienced a relatively flat trend pattern with regard to volume of imports of molluscs (scallops, mussels, cuttle fish, squid and octopus). Mauritius experienced a relatively flat trend pattern. Namibia (X%) illustrated a downward trend over the same period. South Africa (X p.p.) and Mauritius (X p.p.) significantly strengthened its position in terms of the total imports, while Namibia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest molluscs importing markets in SADC were South Africa ($X), Namibia ($X) and Mauritius ($X), together comprising 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 more modest paces of growth.

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mauritius ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, 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