Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in South Africa - 2023
Contents:
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in South Africa (FOB) - 2022
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in South Africa (CIF) - 2023
- Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in South Africa
- Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in South Africa
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in South Africa (FOB) - 2022
In 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $19,482 per ton, picking up by 166% against the previous year. Overall, the export price continues to indicate pronounced growth. Over the period under review, the average export prices hit record highs at $38,618 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($33,860 per ton), while the average price for exports to Australia ($2,230 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 China (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in South Africa (CIF) - 2023
The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $4,538 per ton in December 2023, surging by 5.8% against the previous month. Over the period under review, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 52% against the previous month. Over the period under review, average import prices hit record highs at $6,180 per ton in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was India ($4,800 per ton), while the price for China totaled $3,908 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (-0.5%).
Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in South Africa
After three years of growth, overseas shipments of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds decreased by -81.5% to 689 tons in 2022. Overall, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 370% against the previous year. As a result, the exports reached the peak of 3.7K tons, and then declined dramatically in the following year.
In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds dropped sharply to $13M in 2022. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 59%. As a result, the exports reached the peak of $27M, and then reduced dramatically in the following year.
| Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 12.0 | 11.6 | 10.2 | 7.6 | -14.1% |
| Singapore | 2.0 | 1.4 | 2.1 | 3.5 | 20.5% |
| United States | 0.1 | 0.2 | 13.2 | 0.6 | 81.7% |
| China | 0.3 | 2.0 | 0.6 | 0.3 | 0.0% |
| Namibia | 0.5 | 0.4 | 0.2 | 0.2 | -26.3% |
| Botswana | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Australia | N/A | N/A | N/A | N/A | 0% |
| Others | 1.1 | 1.5 | 0.9 | 1.1 | 0.0% |
| Total | 16.1 | 17.2 | 27.3 | 13.4 | -5.9% |
Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from South Africa in 2022:
- Hong Kong SAR (223.4 tons)
- United States (165.6 tons)
- Singapore (132.9 tons)
- Namibia (55.7 tons)
- China (19.3 tons)
- Botswana (17.1 tons)
- Australia (15.8 tons)
Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in South Africa
In 2022, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds into South Africa shrank to 2.5K tons, dropping by -5% against 2021. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 4.4% against the previous year.
In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds contracted to $12M in 2022. In general, imports recorded a abrupt downturn. The smallest decline of -5.6% was in 2021.
| Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.9 | 3.5 | 5.0 | 5.1 | 1.3% |
| China | 6.4 | 3.6 | 4.6 | 4.7 | -9.8% |
| Malaysia | 1.5 | 0.3 | 0.4 | 0.9 | -15.7% |
| Indonesia | 0.5 | 0.9 | 0.5 | 0.6 | 6.3% |
| Vietnam | 2.0 | 4.4 | 1.6 | 0.5 | -37.0% |
| Others | 0.9 | 0.8 | 0.8 | 0.2 | -39.4% |
| Total | 16.2 | 13.7 | 12.9 | 12.2 | -9.0% |
Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to South Africa in 2022:
- India (1138.0 tons)
- China (1028.5 tons)
- Malaysia (136.9 tons)
- Indonesia (135.9 tons)
- Vietnam (36.4 tons)
316
This report provides an in-depth analysis of the market for prepared or preserved crab meat in South Africa.
514
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
316
This report provides an in-depth analysis of the market for prepared or preserved crab meat in South Africa.
514
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
Nothing found. Please try again.
