![South Africa - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/south-africa-frozen-crustaceans-market-analysis-forecast-size-trends-and-insights.webp)
South Africa - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingFrozen Crustaceans Price in South Africa - 2023
Contents:
- Frozen Crustaceans Price in South Africa (CIF) - 2023
- Frozen Crustaceans Price in South Africa (FOB) - 2022
- Frozen Crustaceans Imports in South Africa
- Frozen Crustaceans Exports in South Africa
Frozen Crustaceans Price in South Africa (CIF) - 2023
In September 2023, the average frozen crustaceans import price amounted to $5,307 per ton, waning by -4.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 13% against the previous month. The import price peaked at $6,424 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($13,475 per ton), while the price for Mozambique ($802 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+40.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Price in South Africa (FOB) - 2022
In 2022, the average frozen crustaceans export price amounted to $26,609 per ton, growing by 94% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 103% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($64,577 per ton), while the average price for exports to Zambia ($3,315 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 Namibia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Imports in South Africa
In 2022, the amount of frozen crustaceans imported into South Africa amounted to 7.8K tons, surging by 11% compared with 2021 figures. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, frozen crustaceans imports rose markedly to $46M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 80% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
Import of Frozen Crustaceans in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 10.9 | 9.0 | 13.7 | 15.9 | 13.4% |
Ecuador | 1.1 | 3.4 | 6.3 | 11.4 | 118.0% |
Argentina | 11.1 | 3.9 | 14.9 | 9.8 | -4.1% |
Vietnam | 3.7 | 1.0 | 3.2 | 4.6 | 7.5% |
Saudi Arabia | 2.1 | 1.2 | 1.9 | 1.5 | -10.6% |
Namibia | 4.0 | 3.9 | 1.2 | 1.0 | -37.0% |
Mozambique | 1.1 | 0.7 | 0.6 | 0.7 | -14.0% |
Taiwan (Chinese) | N/A | N/A | N/A | 0.2 | 0% |
Others | 1.1 | 0.6 | 0.8 | 1.3 | 5.7% |
Total | 35.1 | 23.7 | 42.7 | 46.4 | 9.7% |
Top Suppliers of Frozen Crustaceans to South Africa in 2022:
- India (2760.1 tons)
- Ecuador (1887.3 tons)
- Argentina (1434.3 tons)
- Vietnam (448.8 tons)
- Taiwan (Chinese) (308.7 tons)
- Namibia (220.6 tons)
- Mozambique (206.1 tons)
- Saudi Arabia (198.0 tons)
Frozen Crustaceans Exports in South Africa
In 2022, after three years of growth, there was significant decline in shipments abroad of frozen crustaceans, when their volume decreased by -55.7% to 1.1K tons. Over the period under review, exports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of 123% against the previous year. As a result, the exports attained the peak of 2.4K tons, and then reduced sharply in the following year.
In value terms, frozen crustaceans exports declined to $28M in 2022. The total export value increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. As a result, the exports reached the peak of $33M, and then declined in the following year.
Export of Frozen Crustaceans in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 17.9 | 17.9 | 20.2 | 21.7 | 6.6% |
Namibia | 0.4 | 0.4 | 1.0 | 1.3 | 48.1% |
Democratic Republic of the Congo | 0.3 | 0.1 | 0.4 | 0.6 | 26.0% |
Zambia | 0.3 | 0.3 | 0.3 | 0.5 | 18.6% |
Japan | 0.6 | 0.5 | 0.4 | 0.4 | -12.6% |
Ecuador | N/A | N/A | 0.1 | 0.4 | 300.0% |
Zimbabwe | 0.1 | 0.3 | 0.2 | 0.3 | 44.2% |
Swaziland | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
Botswana | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
Italy | 0.8 | 0.8 | 0.3 | N/A | -38.8% |
Belarus | N/A | N/A | 3.3 | N/A | 0% |
Ukraine | N/A | N/A | 1.3 | N/A | 0% |
Others | 3.6 | 4.3 | 5.2 | 2.8 | -8.0% |
Total | 24.4 | 25.0 | 33.0 | 28.4 | 5.2% |
Top Export Markets for Frozen Crustaceans from South Africa in 2022:
- United States (336.2 tons)
- Namibia (214.7 tons)
- Zambia (153.3 tons)
- Democratic Republic of the Congo (65.0 tons)
- Ecuador (59.2 tons)
- Zimbabwe (49.7 tons)
- Swaziland (42.7 tons)
- Botswana (26.6 tons)
- Japan (18.7 tons)
- Italy (2.0 tons)
This report provides an in-depth analysis of the frozen crustaceans 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 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the frozen crustaceans market in South Africa.
This report provides an in-depth analysis of the market for crab and crab meat in South Africa.
This report provides an in-depth analysis of the crabs, not frozen market in South Africa.
This report provides an in-depth analysis of the frozen norway lobster market in South Africa.
This report provides an in-depth analysis of the market for frozen crab and crab meat in South Africa.
This report provides an in-depth analysis of the frozen lobster market in South Africa.
This report provides an in-depth analysis of the global frozen crustaceans market.
This report provides an in-depth analysis of the global market for crab and crab meat.
This report provides an in-depth analysis of the global crabs, not frozen market.
This report provides an in-depth analysis of the global frozen norway lobster market.
Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
Explore the top import markets for Frozen Crab and Crab Meat, including the United States, Japan, China, and more. Discover key statistics and trends in the global crab meat industry.
Explore the top import markets for frozen lobster around the world and discover key statistics and trends in the global seafood industry.
In value terms, molluscs imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuati...
In value terms, molluscs exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.