South Africa: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2024

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in South Africa

The South African meat and fish extracts market fell modestly to $X in 2022, dropping by X% against the previous year. In general, consumption recorded a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in South Africa

In value terms, meat and fish extracts production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from South Africa

After two years of growth, shipments abroad of extracts and juices of meat, fish, crustaceans and molluscs decreased by X% to X tons in 2022. In general, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, meat and fish extracts exports contracted markedly to $X in 2022. Overall, exports faced a precipitous contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons), Seychelles (X tons) and Mozambique (X tons) were the main destinations of meat and fish extracts exports from South Africa, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zimbabwe (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Seychelles ($X), Zimbabwe ($X) and Mozambique ($X) were the largest markets for meat and fish extracts exported from South Africa worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Zimbabwe, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average meat and fish extracts export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, continues to indicate a modest increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Mozambique ($X 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 Zambia (X%), while the prices for the other major destinations experienced a decline.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into South Africa

In 2022, purchases abroad of extracts and juices of meat, fish, crustaceans and molluscs decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, imports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, meat and fish extracts imports fell significantly to $X in 2022. In general, imports faced a sharp downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of meat and fish extracts to South Africa, with a X% share of total imports. Moreover, meat and fish extracts imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X kg), threefold. The UK (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the UK (X% per year).

In value terms, the largest meat and fish extracts suppliers to South Africa were Italy ($X), the UK ($X) and Spain ($X), together comprising X% of total imports.

The UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat and fish extracts import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price posted a strong increase. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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