A comprehensive data set by Import Globals on Namibia seafood shipments gives detailed insights into export volumes, product categories, trading partners, and transaction values. Users can reduce their entry risk and streamline their strategic planning by availing the new trade opportunities in the competitive global landscape.

A Brief Overview of Namibia's Seafood Exports of 2024

Namibia has been a role player in the global seafood industry for the past few years due to the rich and diverse marine resources, which have enabled the country to rank as one of the top exporters of seafood in the African continent. The strategic location along the side of the Atlantic coast is considered the primary reason for the country's success in seafood exports, as the cold Benguela current that runs along Namibia's coastline creates ideal conditions for various species of fish, including hake, snoit, tuna, and lobster to survive. The significant investment in the modernization of fishing vessels and equipment, allowing efficient and environment-friendly fishing methods, has been fueling the overall export of this specific commodity.

The well-developed fishing industry and strict regulations for sustainable practices in the fisheries along with a coastline of approximately 1,500 km providing ample opportunities for fishing and fishing activities has boosted the export trade value of seafood from Namibia by a rate of 1.5 billion US dollars in 2024, representing a staggering hike of around 2.5% from the previous year's value of 500 million US dollars. The strong partnership of the nation with top importing authorities like China and the European Union, accounting for almost half of Namibia's seafood exports, has been recording a thriving increase in the export valuation. The advancement in technology and transportation methods is under continuous evaluation for making the regional shipments easier and cost-effective.

A Brief Overview of Namibia's Trade of 2024

Major Seafood Exports Driving the Export Economy of Namibia

Namibia, emerging as a role player in the global seafood market, has recently introduced diversification in its export portfolio to counter the overall trade rate positively. According to the Namibia Export Data, the leading variants of seafood exported from the nation in 2024 are,

1. Hake - Export trade value - 365 million US dollars: Annual revenue share - 32%

2. Rock Lobster - Export trade value - 242 million US dollars: Annual revenue share - 24%

3. Prawns - Export trade value - 189 million US dollars: Annual revenue share - 19%

4. Tuna - Export trade value - 122 million US dollars: Annual revenue share - 14%

5. Oysters - Export trade value - 89 million US dollars: Annual revenue share - 12%

6. Crayfish - Export trade value - 78 million US dollars: Annual revenue share - 9%

7. Squid - Export trade value - 65 million US dollars: Annual revenue share - 7%

8. Mackerel - Export trade value - 59 million US dollars: Annual revenue share - 4%

9. Kingklip - Export trade value - 48 million US dollars: Annual revenue share - 3%

10. Salmon - Export trade value - 38 million US dollars: Annual revenue share - 2%

Major Exporting Partners of Namibia for Seafood in 2024

The seafood export industry of Namibia has been steadily growing over the years due to the sustainable production activities practiced in the industrial sectors. Namibia has established a strong trade relationship with various countries around the world to counter the trade deficit positively. According to the Namibia Trade Data, the top 10 export trade partners of the nation for seafood export in 2024 are,

1. China - According to the China Import Data, the total valuation of seafood exported from Namibia in 2024 - 342 million US dollars.

2. United States - According to the USA Import Data, the total valuation of seafood exported from Namibia in 2024 - 276 million US dollars.

3. Spain - According to the Spain Import Data, the total valuation of seafood exported from Namibia in 2024 - 222 million US dollars.

4. Japan - According to the Japan Import Data, the total valuation of seafood exported from Namibia in 2024 - 187 million US dollars.

5. France - According to the France Import Data, the total valuation of seafood exported from Namibia in 2024 - 165 million US dollars.

6. Portugal - According to the Portugal Import Data, the total valuation of seafood exported from Namibia in 2024 - 124 million US dollars.

7. Germany - According to the Germany Import Data, the total valuation of seafood exported from Namibia in 2024 - 89 million US dollars.

8. South Africa - According to the South Africa Import Data, the total valuation of seafood exported from Namibia in 2024 - 76 million US dollars.

9. United Kingdom - According to the United Kingdom Import Data, the total valuation of seafood exported from Namibia in 2024 - 65 million US dollars.

10. Angola - According to the Angola Import Data, the total valuation of seafood exported from Namibia in 2024 - 48 million US dollars.

The Top Seafood-producing Companies of Namibia in 2024

1. Seaflower Group Limited - Seaflower Group Limited, established in 2006 with a focus on the sustainability and responsible fishing practices, has regarded itself as one of the major contributors towards the Namibia's seafood export economy. The company, with its partnership in the international markets for high-quality products, has accounted for over 40% of Namibia's seafood exports. The company, with its partnership in the international markets for high-quality products, has accounted for over 40% of Namibia's seafood exports.

2. Erongo Marine Enterprises - Erongo Marine Enterprises, with its specialization in catching and processing hake for export markets and strict quality control measures that ensures the product verification for international standards, has fueled up the entire export economy of seafood from the nation. The high-quality production and the long-term contracts with global buyers have contributed around 30% of Namibia's total seafood exports in 2024.

3. Etosha Fishing Corporation - Wrapping up, the seafood industry of Namibia, with over two decades of experience, is running at a thriving rate in the global industry, mainly due to a crucial contribution from the Etosha Fishing Corporation. The commitment of the authority to sustainability and the active farming practices in the fisheries has been recording itself for the production of top-demanded commodities like tuna and hake. Accordingly, the authority has contributed an overall revenue share of 20% to Namibia's seafood export revenue.

Conclusion - The seafood export of Namibia represents the country's resilient and strategically evolving sector. The fluctuations in the global trade of seafood exports from Namibia due to hake, horse, mackerel, and crustaceans' continuous growing demand in top global markets like Spain, Zambia, and South Africa have been fueling the annual revenue. Import Globals provides all the detailed export intelligence on quality and quantity of shipments, accompanied by increasing investors' engagement in specific commodities.

FAQ'S

Que. What is the export trade value of seafood from Namibia in 2024?
Ans. The export trade value of seafood from Namibia in 2024 is 1.5 billion U.S. dollars.

Que. Who is the top export trade partner of Namibia for seafood in 2024?
Ans. China is the top export trade partner of Namibia for seafood in 2024.

Que. What is the leading variant of seafood exported from Namibia in 2024?
Ans. Hake is the leading variant of seafood exported from Namibia in 2024.

Que. Where can you get a detailed trade analysis of the seafood export of Namibia in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the seafood export of Namibia in 2024.

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