Price for Fish Meal; Fit for Human Consumption in South Africa - 2022

Contents:

1. Price for Fish Meal; Fit for Human Consumption in South Africa (FOB) - 2022
2. Price for Fish Meal; Fit for Human Consumption in South Africa (CIF) - 2022
3. Exports of Fish Meal; Fit for Human Consumption in South Africa
4. Imports of Fish Meal; Fit for Human Consumption in South Africa

Price for Fish Meal; Fit for Human Consumption in South Africa (FOB) - 2022

In 2022, the average export price for fish meal; fit for human consumptia amounted to $1,422 per ton, rising by 3.1% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 27%. The export price peaked at $1,782 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($1,452 per ton) and Australia ($1,415 per ton), while the average price for exports to Israel ($1,253 per ton) and Taiwan (Chinese) ($1,278 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Fish Meal; Fit for Human Consumption in South Africa (CIF) - 2022

In 2022, the average import price for fish meal; fit for human consumptia amounted to $4,457 per ton, picking up by 304% against the previous year. Over the period under review, the import price recorded resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Swaziland ($5,111 per ton), while the price for Malawi ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+1,751.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fish Meal; Fit for Human Consumption in South Africa

In 2022, shipments abroad of fish meal; fit for human consumptia was finally on the rise to reach 1.3K tons after two years of decline. In general, exports, however, continue to indicate a deep slump.

In value terms, exports of fish meal; fit for human consumptia totaled $1.8M in 2022. Over the period under review, exports, however, showed a perceptible contraction.

Top Export Markets for Fish Meal; Fit for Human Consumption from South Africa in 2022:

1. Australia (749.3 tons)
2. Japan (407.5 tons)
3. Taiwan (Chinese) (122.9 tons)
4. Israel (13.2 tons)

Imports of Fish Meal; Fit for Human Consumption in South Africa

For the third year in a row, South Africa recorded decline in overseas purchases of fish meal; fit for human consumptia, which decreased by -76% to 35 kg in 2022. Over the period under review, imports saw a sharp descent. The smallest decline of -21.9% was in 2021.

In value terms, imports of fish meal; fit for human consumptia dropped modestly to $156 in 2022. In general, imports showed a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 5.2% against the previous year.

Top Suppliers of Fish Meal; Fit for Human Consumption to South Africa in 2022:

1. Swaziland (27.0 kg)
2. Namibia (5.0 kg)
3. Hong Kong SAR (2.0 kg)
4. Malawi (1.0 kg)

Source: IndexBox Market Intelligence Platform