Namibia’s fishing industry experienced a mixed performance in the fourth quarter of 2024, with Spain emerging as the dominant player in the country’s fish export market. Despite a significant decline in the total landings of quota species, Namibia’s export earnings from fish and related products remained robust, underscoring the sector’s critical role in the national economy. The latest data reveals that the total landings of quota species during the quarter amounted to 62,281 metric tons, a sharp decline of 27.4 percent compared to the 85,820 metric tons recorded in the corresponding quarter of 2023. Horse mackerel led the landings with 35,601 metric tons, followed by hake at 22,088 metric tons and monkfish at 2,277 metric tons.
Export earnings from fish, crustaceans, mollusks, and other aquatic invertebrates for the fourth quarter of 2024 were valued at N$2.7 billion, reflecting a slight decrease from the N$3.0 billion recorded in the same period of 2023. Spain was the primary export destination, accounting for 36.5 percent of Namibia’s total fish exports. The main product exported to Spain was frozen hake fillets, a high-value commodity that continues to enjoy strong demand in European markets. Zambia and South Africa followed as the second and third largest export destinations, contributing 21.2 percent and 8.9 percent, respectively. Horse mackerel was the primary product exported to Zambia, while hake dominated exports to South Africa.
The decline in total landings during the quarter was attributed to various factors, including fluctuating fish stocks, environmental conditions, and regulatory measures aimed at ensuring sustainable fishing practices. Despite these challenges, Namibia’s fishing industry remains a vital contributor to the country’s export revenue, with Spain playing a pivotal role in maintaining the sector’s global competitiveness. The strong demand for Namibian hake in Spain highlights the premium quality of the country’s seafood products and their appeal in international markets.
On the import side, Namibia’s fish import bill for the fourth quarter of 2024 stood at N$100.4 million, a notable decline from the N$166.4 million recorded in the corresponding quarter of 2023. South Africa was the primary source of fish imports, accounting for 55.6 percent of the total import value. Hake was the main product imported from South Africa, reflecting the interconnectedness of the regional fishing industry. Spain and Taiwan were the second and third largest import sources, contributing 18.9 percent and 7.3 percent, respectively. Cuttlefish and squid were the primary products imported from Spain, while frozen Pacific saury dominated imports from Taiwan.
The decline in fish imports during the quarter can be attributed to increased domestic production and efforts to promote local consumption of Namibian seafood. The government’s ongoing initiatives to support the fishing industry, including investment in infrastructure and sustainable fishing practices, have played a crucial role in enhancing the sector’s resilience. Additionally, Namibia’s strategic partnerships with key export destinations such as Spain have helped to stabilize the industry amid global economic uncertainties.
The fishing sector’s performance in the fourth quarter of 2024 also reflects the broader trends in Namibia’s economy, where agriculture and fisheries remain critical drivers of growth and employment. The sector provides livelihoods for thousands of Namibians, particularly in coastal communities, and contributes significantly to food security and poverty alleviation. The government’s commitment to sustainable fisheries management, as evidenced by the implementation of quotas and other regulatory measures, has been instrumental in ensuring the long-term viability of the industry.
Looking ahead, Namibia’s fishing industry faces both opportunities and challenges. The growing demand for high-quality seafood in international markets, particularly in Europe, presents significant export potential. However, the sector must also contend with the impacts of climate change, overfishing, and fluctuating global commodity prices. Strengthening partnerships with key export destinations such as Spain, while diversifying markets to reduce dependency on a few countries, will be critical to sustaining the industry’s growth.
In conclusion, the fourth quarter of 2024 highlighted Spain’s dominance in Namibia’s fish export market, with frozen hake fillets emerging as the top export product. Despite a decline in total landings and import values, the sector’s export earnings remained robust, underscoring its importance to the national economy. As Namibia continues to navigate the complexities of the global fishing industry, sustainable practices and strategic partnerships will be key to ensuring the sector’s long-term success and resilience.