SADC: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in SADC

The SADC fish fat and oil market rose slightly to $X in 2022, picking up by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Fish Fats And Oils in SADC

In value terms, fish fat and oil production rose to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports in SADC

In 2022, approx. X tons of fish fats and oils were exported in SADC; jumping by X% on 2021. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, fish fat and oil exports skyrocketed to $X in 2022. Over the period under review, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa represented the key exporter of fish fats and oils in SADC, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Mauritius (X tons), making up a X% share of total exports. Seychelles (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fish fat and oil exports from South Africa stood at X%. At the same time, Mauritius (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Seychelles experienced a relatively flat trend pattern. While the share of South Africa (X p.p.), Mauritius (X p.p.) and Seychelles (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest fish fat and oil supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (X% per year) and Seychelles (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Imports of Fish Fats And Oils

Imports in SADC

After three years of growth, overseas purchases of fish fats and oils decreased by X% to X tons in 2022. Over the period under review, imports, however, saw a temperate expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell slightly in the following year.

In value terms, fish fat and oil imports shrank to $X in 2022. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Mauritius (X tons) and South Africa (X tons) dominates imports structure, together making up X% of total imports. The following importers - Seychelles (X tons) and Zimbabwe (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mauritius (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest fish fat and oil importing markets in SADC were Mauritius ($X), South Africa ($X) and Seychelles ($X), with a combined X% share of total imports.

Mauritius, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish fat and oil import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Seychelles ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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