Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in South Africa - 2024
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in South Africa (CIF) - 2024
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in South Africa (FOB) - 2022
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in South Africa
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in South Africa
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in South Africa (CIF) - 2024
In January 2024, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $5,049 per ton, rising by 4.2% against the previous month. Over the period under review, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in April 2023 an increase of 58% against the previous month. As a result, import price reached the peak level of $7,535 per ton. From May 2023 to January 2024, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was Malaysia ($6,407 per ton), while the price for India totaled $4,944 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+0.4%).
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in South Africa (FOB) - 2022
In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $8,562 per ton, with an increase of 16% against the previous year. Over the period under review, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 85% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($11,984 per ton), while the average price for exports to Malawi ($5,177 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 (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in South Africa
In 2022, approx. 1.2K tons of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses were imported into South Africa; shrinking by -10.9% against the previous year. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 14%.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses shrank to $6.3M in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 0.8% against the previous year.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.6 | 3.4 | 4.8 | 4.9 | 2.1% |
| Malaysia | 1.1 | 0.2 | 0.3 | 0.7 | -14.0% |
| Vietnam | 1.7 | 3.3 | 1.5 | 0.5 | -33.5% |
| Thailand | 0.5 | 0.2 | 0.4 | 0.1 | -41.5% |
| Others | 0.2 | 0.2 | 0.3 | N/A | 22.5% |
| Total | 8.1 | 7.3 | 7.3 | 6.3 | -8.0% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to South Africa in 2022:
- India (1084.5 tons)
- Malaysia (91.0 tons)
- Vietnam (34.9 tons)
- Thailand (8.2 tons)
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in South Africa
For the third consecutive year, South Africa recorded decline in overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, which decreased by -35.7% to 11 tons in 2022. In general, exports recorded a sharp contraction. The smallest decline of -7.3% was in 2020.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses contracted significantly to $92K in 2022. Overall, exports showed a sharp descent. The smallest decline of -9% was in 2020.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 311 | 156 | 18.4 | 37.8 | -50.5% |
| Botswana | 21.5 | 23.3 | 31.4 | 20.2 | -2.1% |
| Mozambique | 5.6 | 8.9 | 9.2 | 11.5 | 27.1% |
| Zambia | 8.1 | 9.0 | 11.7 | 11.0 | 10.7% |
| Zimbabwe | 7.8 | 4.2 | 5.0 | 5.5 | -11.0% |
| Uganda | 8.1 | 6.6 | N/A | 2.7 | -30.7% |
| Malawi | 0.6 | 1.0 | 1.5 | 1.1 | 22.4% |
| Malaysia | N/A | 62.5 | N/A | N/A | 0% |
| India | 36.8 | 98.1 | 35.0 | N/A | -2.5% |
| Others | 11.6 | 3.9 | 11.5 | 2.1 | -43.4% |
| Total | 411 | 374 | 124 | 91.9 | -39.3% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from South Africa in 2022:
- Namibia (3.2 tons)
- Botswana (2.6 tons)
- Zambia (1.9 tons)
- Mozambique (1.4 tons)
- Zimbabwe (0.9 tons)
- Uganda (0.3 tons)
- Malawi (0.2 tons)
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