South Africa: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in South Africa

In 2022, the South African seafood meals and pellets market increased by X% to $X, rising for the sixth year in a row after four years of decline. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Seafood meals and pellets consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in South Africa

In value terms, seafood meals and pellets production expanded remarkably to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Seafood meals and pellets production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from South Africa

In 2022, seafood meals and pellets exports from South Africa expanded remarkably to X tons, surging by X% against the previous year's figure. Over the period under review, exports, however, recorded a mild setback. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, seafood meals and pellets exports skyrocketed to $X in 2022. In general, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Turkey (X tons) and Spain (X tons) were the main destinations of seafood meals and pellets exports from South Africa, together comprising X% of total exports. Denmark, Greece, Zambia, Taiwan (Chinese), Japan, Zimbabwe and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Turkey ($X) and Spain ($X) were the largest markets for seafood meals and pellets exported from South Africa worldwide, with a combined X% share of total exports. Denmark, Greece, Zambia, Taiwan (Chinese), Japan, Zimbabwe and Germany lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Zambia, 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 more modest paces of growth.

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Denmark ($X per ton) and Spain ($X per ton), while the average price for exports to Zambia ($X per ton) and Greece ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into South Africa

In 2022, purchases abroad of flours, meals and pellets of fish or of crustaceans and molluscs decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, seafood meals and pellets imports fell significantly to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Namibia (X tons) constituted the largest seafood meals and pellets supplier to South Africa, accounting for a X% share of total imports. Moreover, seafood meals and pellets imports from Namibia exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), ninefold. Mauritius (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Namibia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Mauritius (X% per year).

In value terms, Namibia ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to South Africa, comprising X% of total imports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Namibia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Mauritius (X% per year).

Import Prices by Country

The average seafood meals and pellets import price 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 pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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