South Africa: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in South Africa

The South African frozen cuttlefishes market reduced to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, posted a prominent increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Frozen Cuttlefishes Production in South Africa

In value terms, frozen cuttlefishes production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X,570,100%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Frozen Cuttlefishes Exports

Exports from South Africa

In 2022, exports of frozen cuttlefishes from South Africa fell to X tons, which is down by X% against the previous year. Over the period under review, exports recorded a sharp slump. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen cuttlefishes exports totaled $X in 2022. Overall, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Mozambique (X tons), Zambia (X tons) and Japan (X tons) were the main destinations of frozen cuttlefishes exports from South Africa, together comprising X% of total exports. Namibia, Democratic Republic of the Congo, China, Mauritius, Taiwan (Chinese) and Botswana lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for frozen cuttlefishes exported from South Africa were Mauritius ($X), Japan ($X) and Namibia ($X), with a combined X% share of total exports. Mozambique, Democratic Republic of the Congo, Zambia, Taiwan (Chinese), Botswana and China lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Taiwan (Chinese), 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

In 2022, the average frozen cuttlefishes export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, recorded a abrupt slump. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while the average price for exports to Zambia ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports into South Africa

Frozen cuttlefishes imports into South Africa contracted to X tons in 2022, declining by X% against 2021 figures. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, frozen cuttlefishes imports shrank to $X in 2022. Overall, imports saw a abrupt slump. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest frozen cuttlefishes supplier to South Africa, accounting for a X% share of total imports. Moreover, frozen cuttlefishes imports from China exceeded the figures recorded by the second-largest supplier, Falkland Islands (Malvinas) (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Falkland Islands (Malvinas) (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of frozen cuttlefishes to South Africa, comprising X% of total imports. The second position in the ranking was held by Falkland Islands (Malvinas) ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Falkland Islands (Malvinas) (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average frozen cuttlefishes import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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