South Africa: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in South Africa

In 2023, after two years of growth, there was significant decline in the South African frozen whole fish market, when its value decreased by X% to $X. In general, the total consumption indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced sharply in the following year.

Frozen Whole Fish Production in South Africa

In value terms, frozen whole fish production fell to $X in 2023 estimated in export price. Overall, production showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Frozen Whole Fish Exports

Exports from South Africa

In 2023, overseas shipments of frozen whole fish decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, frozen whole fish exports declined sharply to $X in 2023. In general, exports showed a slight curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Mozambique (X tons), Spain (X tons) and Namibia (X tons) were the main destinations of frozen whole fish exports from South Africa, together accounting for X% of total exports. Portugal, Italy, Mauritius, South Korea, Zambia, China, Democratic Republic of the Congo, Taiwan (Chinese) and Angola lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Zambia (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 whole fish exported from South Africa were Spain ($X), Mozambique ($X) and Portugal ($X), together accounting for X% of total exports. Italy, Namibia, South Korea, Mauritius, Democratic Republic of the Congo, Zambia, China, Taiwan (Chinese) and Angola lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Zambia, with a CAGR of X%, saw the highest growth rate of 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 frozen whole fish export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; afterwards, it flattened through to 2023.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Whole Fish Imports

Imports into South Africa

In 2023, after two years of growth, there was significant decline in purchases abroad of frozen whole fish, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2022, and then declined significantly in the following year.

In value terms, frozen whole fish imports declined rapidly to $X in 2023. Overall, total imports indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then fell rapidly in the following year.

Imports by Country

In 2023, Morocco (X tons) constituted the largest frozen whole fish supplier to South Africa, accounting for a X% share of total imports. Moreover, frozen whole fish imports from Morocco exceeded the figures recorded by the second-largest supplier, Namibia (X tons), threefold. New Zealand (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from Morocco stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (X% per year) and New Zealand (X% per year).

In value terms, Morocco ($X), Namibia ($X) and New Zealand ($X) were the largest frozen whole fish suppliers to South Africa, together comprising X% of total imports. Russia, China, Canada, Argentina, the Netherlands and Mauritania lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the average frozen whole fish import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform