Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in South Africa - 2024
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in South Africa (FOB) - 2022
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in South Africa (CIF) - 2024
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in South Africa
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in South Africa
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in South Africa (FOB) - 2022
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $2,756 per ton in 2022, rising by 41% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2013 an increase of 89% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,443 per ton), while the average price for exports to Chile ($926 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 France (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in South Africa (CIF) - 2024
In July 2023, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $6,151 per ton, with a decrease of -42.2% against the previous month. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 340% month-to-month. As a result, import price reached the peak level of $24,314 per ton. From June 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($9,406 per ton), while the price for Norway amounted to $2,572 per ton.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by France (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in South Africa
In 2022, the amount of fats and oils and their fractions; of fish, (excluding liver-oils)s exported from South Africa soared to 12K tons, rising by 115% against 2021. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $33M in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1.0 | 3.3 | 5.6 | 16.3 | 153.5% |
| United Kingdom | 2.2 | 5.7 | 1.5 | 3.7 | 18.9% |
| France | 0.4 | 2.1 | 1.3 | 3.4 | 104.1% |
| Spain | 0.3 | 0.9 | 0.9 | 2.4 | 100.0% |
| Norway | 0.3 | N/A | 0.2 | 2.1 | 91.3% |
| Chile | 0.1 | 0.1 | 0.1 | 1.4 | 141.0% |
| Germany | N/A | 0.2 | 0.1 | 1.1 | 134.5% |
| Australia | N/A | N/A | 0.6 | 0.7 | 16.7% |
| Japan | 0.6 | 0.9 | N/A | N/A | 50.0% |
| Saudi Arabia | 0.4 | 0.2 | 0.2 | N/A | -29.3% |
| Others | 0.3 | 0.8 | 0.3 | 1.8 | 81.7% |
| Total | 5.6 | 14.2 | 10.8 | 32.8 | 80.3% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from South Africa in 2022:
- Denmark (5.3K tons)
- Chile (1.5K tons)
- United Kingdom (1.3K tons)
- France (1.0K tons)
- Spain (0.9K tons)
- Norway (0.8K tons)
- Germany (0.4K tons)
- Australia (0.2K tons)
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in South Africa
In 2022, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s into South Africa soared to 295 tons, jumping by 27% on the previous year. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.3% 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 +65.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $1.3M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.8% 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 +65.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 251 | 80.6 | 405 | 392 | 16.0% |
| France | 195 | 153 | 234 | 241 | 7.3% |
| Morocco | N/A | N/A | N/A | 223 | 0% |
| China | 163 | 168 | 166 | 152 | -2.3% |
| Namibia | N/A | N/A | N/A | 106 | 0% |
| United States | 164 | 73.0 | 73.4 | 83.8 | -20.1% |
| Belgium | N/A | 89.0 | N/A | 71.8 | -10.2% |
| Iceland | 52.1 | 67.3 | 20.8 | 21.7 | -25.3% |
| Peru | 91.8 | N/A | 150 | N/A | 27.8% |
| Others | 130 | 186 | 118 | 56.2 | -24.4% |
| Total | 1,047 | 816 | 1,167 | 1,348 | 8.8% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to South Africa in 2022:
- Norway (81.4 tons)
- Namibia (79.0 tons)
- France (58.9 tons)
- Morocco (32.0 tons)
- Belgium (17.1 tons)
- China (16.9 tons)
- Iceland (2.7 tons)
- United States (2.7 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in South Africa.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in South Africa.
820
This report provides an in-depth analysis of the global market for fish fat and oil.
622
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
