SADC: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in SADC

In 2023, the SADC frozen whole fish market decreased by X% to $X for the first time since 2018, thus ending a four-year rising trend. The total consumption indicated a perceptible expansion 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. Based on 2023 figures, consumption increased by X% against 2018 indices. The level of consumption peaked at $X in 2022, and then shrank modestly in the following year.

Frozen Whole Fish Production in SADC

In value terms, frozen whole fish production shrank to $X in 2023 estimated in export price. The total production indicated notable 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. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Frozen Whole Fish Exports

Exports in SADC

In 2023, exports of frozen whole fish in SADC soared to X tons, picking up by X% compared with 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, frozen whole fish exports surged to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Namibia represented the key exporting country with an export of about X tons, which accounted for X% of total exports. Seychelles (X tons) held the second position in the ranking, distantly followed by South Africa (X tons), Mauritius (X tons) and Angola (X tons). All these countries together held approx. X% share of total exports.

Exports from Namibia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Angola (X%) and Seychelles (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Mauritius experienced a relatively flat trend pattern. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Seychelles and Angola increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen whole fish supplying countries in SADC were Namibia ($X), Seychelles ($X) and South Africa ($X), with a combined X% share of total exports. Mauritius and Angola lagged somewhat behind, together comprising a further X%.

Angola, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Whole Fish Imports

Imports in SADC

Frozen whole fish imports amounted to X tons in 2023, remaining relatively unchanged against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, frozen whole fish imports stood at $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Mauritius (X tons), South Africa (X tons), Democratic Republic of the Congo (X tons), Zambia (X tons), Mozambique (X tons) and Seychelles (X tons) represented roughly X% of total imports in 2023. Madagascar (X tons) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Zambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen whole fish importing markets in SADC were Mauritius ($X), Zambia ($X) and South Africa ($X), together comprising X% of total imports.

Zambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Seychelles ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform