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South Africa - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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South Africa: Overview of the Market for Fish Fats And Oils 2021

Market Size for Fish Fats And Oils in South Africa

The South African fish fat and oil market expanded rapidly to $X in 2020, rising by X% against the previous year. Overall, the total consumption indicated prominent growth 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 2017 indices. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2014 to 2020, the growth of the market remained at a lower figure.

Production of Fish Fats And Oils in South Africa

In value terms, fish fat and oil production soared to $X in 2020 estimated in export prices. Over the period under review, production saw a strong increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Fish Fats And Oils

Exports from South Africa

In 2020, after three years of decline, there was significant growth in shipments abroad of fish fats and oils, when their volume increased by X% to X tonnes. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, fish fat and oil exports skyrocketed to $X in 2020. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are likely to see steady growth in years to come.

Exports by Country

The UK (X tonnes), Denmark (X tonnes) and France (X tonnes) were the main destinations of fish fat and oil exports from South Africa, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fish fat and oil exported from South Africa were the UK ($X), Denmark ($X) and France ($X), together comprising X% of total exports.

Among the main countries of destination, France (+X% per year) 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 more modest paces of growth.

Export Prices by Country

In 2020, the average fish fat and oil export price amounted to $X per tonne, rising by X% against the previous year. Overall, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2014 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports into South Africa

In 2020, approx. X tonnes of fish fats and oils were imported into South Africa; with a decrease of -X% on the previous year. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Imports peaked at X tonnes in 2019, and then declined rapidly in the following year.

In value terms, fish fat and oil imports reduced remarkably to $X in 2020. In general, imports, however, posted a slight expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2019, and then fell remarkably in the following year.

Imports by Country

France (X tonnes), Norway (X tonnes) and Iceland (X tonnes) were the main suppliers of fish fat and oil imports to South Africa, with a combined X% share of total imports. Belgium, China, Singapore and Canada lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fish fat and oil suppliers to South Africa were Iceland ($X), China ($X) and France ($X), together accounting for X% of total imports.

China saw the highest growth rate of the value of imports, in terms of 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 2020, the average fish fat and oil import price amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Canada ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?
+
The country with the largest volume of fish fat and oil consumption was China (772K tonnes), accounting for 16% of total volume. Moreover, fish fat and oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (317K tonnes), twofold. The third position in this ranking was occupied by Norway (315K tonnes), with a 6.7% share.
What are the largest producers of fish fats and oils in the world?
+
The country with the largest volume of fish fat and oil production was China (719K tonnes), comprising approx. 15% of total volume. Moreover, fish fat and oil production in China exceeded the figures recorded by the second-largest producer, the U.S. (352K tonnes), twofold. India (299K tonnes) ranked third in terms of total production with a 6.4% share.
What are the leading suppliers of fish fats and oils to South Africa?
+
In value terms, the largest fish fat and oil suppliers to South Africa were Iceland ($199K), China ($168K) and France ($153K), with a combined 51% share of total imports.
What are the leading importers of fish fats and oils from South Africa?
+
In value terms, the UK ($5.7M), Denmark ($3.3M) and France ($2.1M) constituted the largest markets for fish fat and oil exported from South Africa worldwide, together accounting for 78% of total exports.
What is the average export price for fish fats and oils in South Africa?
+
The average fish fat and oil export price stood at $1,899 per tonne in 2020, increasing by 32% against the previous year.
What is the average import price for fish fats and oils in South Africa?
+
In 2020, the average fish fat and oil import price amounted to $4,755 per tonne, falling by -33.7% against the previous year.

Product coverage:
• Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

This report provides an in-depth analysis of the market for fish fat and oil in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• South Africa

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in South Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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