SADC: Freshwater Fish Market 2024

Freshwater Fish Market Size in SADC

In 2022, the SADC freshwater fish market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Freshwater Fish Production in SADC

In value terms, freshwater fish production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Freshwater Fish Exports

Exports in SADC

Freshwater fish exports skyrocketed to X tons in 2022, picking up by X% compared with 2021. Overall, exports recorded notable growth. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, freshwater fish exports soared to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania represented the key exporter of freshwater fish in SADC, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. South Africa (X tons) took the second position in the ranking, followed by Zimbabwe (X tons). All these countries together took approx. X% share of total exports. The following exporters - Malawi (X tons) and Madagascar (X tons) - each amounted to a X% share of total exports.

Tanzania was also the fastest-growing in terms of the freshwater fish exports, with a CAGR of X% from 2012 to 2022. At the same time, Zimbabwe (X%) and Malawi (X%) displayed positive paces of growth. By contrast, South Africa (X%) and Madagascar (X%) illustrated a downward trend over the same period. Tanzania (X p.p.) and Zimbabwe (X p.p.) significantly strengthened its position in terms of the total exports, while Madagascar and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tanzania ($X) emerged as the largest freshwater fish supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zimbabwe ($X), with an X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Tanzania stood at X%. In the other countries, the average annual rates were as follows: Zimbabwe (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the export price figures.

Freshwater Fish Imports

Imports in SADC

In 2022, purchases abroad of freshwater fish decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports recorded a pronounced decline. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, freshwater fish imports declined markedly to $X in 2022. Over the period under review, imports saw a slight downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Lesotho (X tons), distantly followed by Zimbabwe (X tons), South Africa (X tons), Zambia (X tons) and Tanzania (X tons) were the major importers of freshwater fish, together mixing up X% of total imports. Botswana (X tons) and Democratic Republic of the Congo (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lesotho ($X) constitutes the largest market for imported freshwater fish in SADC, comprising X% of total imports. The second position in the ranking was taken by Zambia ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Lesotho stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, waning by X% against the previous year. Import price indicated a moderate expansion 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. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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