South Africa: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in South Africa

For the third year in a row, the South African market for fish fillets and other fish meat recorded decline in sales value, which decreased by -7.3% to $X in 2022. In general, consumption recorded a noticeable reduction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Fish Fillets and Other Fish Meat in South Africa

In value terms, production of fish fillets and other fish meat contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 10%. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fillets and Other Fish Meat

Exports from South Africa

In 2022, approx. X tons of fish fillets and other fish meat were exported from South Africa; remaining constant against the year before. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2018 when exports increased by 22% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fish fillets and other fish meat declined to $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 28% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Spain (X tons), Italy (X tons) and Australia (X tons) were the main destinations of exports of fish fillets and other fish meat from South Africa, with a combined 58% share of total exports. The UK, Portugal, the Netherlands, France, Poland, the United States, Sweden, Swaziland and Namibia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +36.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Australia ($X) constituted the largest markets for fish fillets and other fish meat exported from South Africa worldwide, together comprising 57% of total exports. Portugal, the UK, the Netherlands, France, the United States, Poland, Sweden, Swaziland and Namibia lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Poland, with a CAGR of +39.0%, recorded 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 2022, the average export price for fish fillets and other fish meat amounted to $X per ton, falling by -6.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 16%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Italy ($X per ton), while the average price for exports to Swaziland ($X per ton) and Namibia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into South Africa

In 2022, approx. X tons of fish fillets and other fish meat were imported into South Africa; falling by -10.8% against 2021. Over the period under review, imports showed a slight contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 26%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of fish fillets and other fish meat reduced to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 34% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Namibia (X tons) constituted the largest supplier of fish fillets and other fish meat to South Africa, accounting for a 83% share of total imports. Moreover, imports of fish fillets and other fish meat from Namibia exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Norway (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from Namibia stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.1% per year) and Norway (+2.7% per year).

In value terms, Namibia ($X) constituted the largest supplier of fish fillets and other fish meat to South Africa, comprising 78% of total imports. The second position in the ranking was held by Norway ($X), with an 11% share of total imports. It was followed by the United States, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Namibia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+11.8% per year) and the United States (+18.0% per year).

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, picking up by 6.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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