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South Africa - Frozen Catfish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Catfish Price in South Africa - 2023
Contents:
- Frozen Catfish Price in South Africa (FOB) - 2022
- Frozen Catfish Price in South Africa (CIF) - 2022
- Frozen Catfish Exports in South Africa
- Frozen Catfish Imports in South Africa
Frozen Catfish Price in South Africa (FOB) - 2022
In 2022, the average frozen catfish export price amounted to $1,564 per ton, with an increase of 6% against the previous year. Overall, the export price, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2020 an increase of 28%. Over the period under review, the average export prices hit record highs at $2,649 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($1,597 per ton), while the average price for exports to Democratic Republic of the Congo totaled $1,263 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+5.4%).
Frozen Catfish Price in South Africa (CIF) - 2022
The average frozen catfish import price stood at $1,033 per ton in 2022, growing by 49% against the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. The import price peaked at $1,835 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Vietnam ($2,329 per ton), while the price for China stood at $1,000 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%).
Frozen Catfish Exports in South Africa
In 2022, after three years of growth, there was decline in overseas shipments of frozen catfish, when their volume decreased by -4.2% to 255 tons. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 8.6%. As a result, the exports attained the peak of 266 tons, and then contracted slightly in the following year.
In value terms, frozen catfish exports expanded slightly to $399K in 2022. The total export value increased at an average annual rate of +13.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Frozen Catfish in South Africa (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mozambique | 10.2 | 120 | 301 | 368 | 230.4% |
Democratic Republic of the Congo | 214 | 44.5 | 62.4 | 30.9 | -47.5% |
Namibia | N/A | N/A | 29.2 | N/A | 0% |
United Kingdom | N/A | 192 | N/A | N/A | 0% |
Ghana | 37.0 | N/A | N/A | N/A | 0% |
Others | 10.2 | 0.2 | 0.6 | 0.2 | -73.0% |
Total | 271 | 356 | 393 | 399 | 13.8% |
Top Export Markets for Frozen Catfish from South Africa in 2022:
- Mozambique (230.4 tons)
- Democratic Republic of the Congo (24.5 tons)
Frozen Catfish Imports in South Africa
In 2022, the amount of frozen catfish imported into South Africa shrank remarkably to 149 tons, dropping by -26.5% compared with the year before. Over the period under review, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 82% against the previous year.
In value terms, frozen catfish imports reached $154K in 2022. Overall, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year.
Import of Frozen Catfish in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 174 | 71.1 | 141 | 146 | -5.7% |
Vietnam | N/A | 14.5 | N/A | 8.5 | -23.4% |
Others | 0.3 | N/A | N/A | N/A | 0% |
Total | 174 | 85.6 | 141 | 154 | -4.0% |
Top Suppliers of Frozen Catfish to South Africa in 2022:
- China (145.6 tons)
- Vietnam (3.7 tons)
This report provides an in-depth analysis of the frozen catfish market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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