Price for Fish; Edible Offal, Shark Fins in South Africa - 2023

Contents:

1. Price for Fish; Edible Offal, Shark Fins in South Africa (FOB) - 2022
2. Price for Fish; Edible Offal, Shark Fins in South Africa (CIF) - 2022
3. Exports of Fish; Edible Offal, Shark Fins in South Africa
4. Imports of Fish; Edible Offal, Shark Fins in South Africa

Price for Fish; Edible Offal, Shark Fins in South Africa (FOB) - 2022

The average export price for fish; edible offal, shark finses stood at $13,653 per ton in 2022, with an increase of 28% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 72%. Over the period under review, the average export prices hit record highs at $29,213 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Mozambique amounted to +31.2% per year.

Price for Fish; Edible Offal, Shark Fins in South Africa (CIF) - 2022

In 2022, the average import price for fish; edible offal, shark finses amounted to $8,195 per ton, shrinking by -20.1% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 59% against the previous year. Over the period under review, average import prices attained the peak figure at $15,456 per ton in 2012; however, from 2013 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 Japan ($10,845 per ton), while the price for Taiwan (Chinese) stood at $5,867 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+27.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Fish; Edible Offal, Shark Fins in South Africa

Fish; edible offal, shark fins exports from South Africa contracted rapidly to 24 tons in 2022, falling by -44.1% compared with the previous year. Overall, exports showed a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 85%.

In value terms, fish; edible offal, shark fins exports plummeted to $330K in 2022. In general, exports continue to indicate a precipitous descent. The growth pace was the most rapid in 2021 when exports increased by 3.9% against the previous year.

Top Export Markets for Fish; Edible Offal, Shark Fins from South Africa in 2022:

1. Hong Kong SAR (24.2 tons)

Imports of Fish; Edible Offal, Shark Fins in South Africa

In 2022, the amount of fish; edible offal, shark finses imported into South Africa reduced sharply to 31 tons, falling by -18.3% against 2021 figures. Overall, imports faced a precipitous contraction. The smallest decline of -0.8% was in 2021.

In value terms, fish; edible offal, shark fins imports fell notably to $253K in 2022. Over the period under review, imports saw a dramatic curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 15%.

Top Suppliers of Fish; Edible Offal, Shark Fins to South Africa in 2022:

1. Taiwan (Chinese) (16.4 tons)
2. Japan (14.5 tons)

Source: IndexBox Market Intelligence Platform