Africa: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in Africa

In 2019, the African market for dried cod, whether or not salted increased by X% to $X, rising for the fourth consecutive year after four years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. The level of consumption peaked in 2019 and is expected to retain growth in the near future.

Production of Dried Cod, Whether Or Not Salted in Africa

In value terms, production of dried cod, whether or not salted expanded significantly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, production reached the peak level in 2019 and is expected to retain growth in the near future.

Production By Country in Africa

The countries with the highest volumes of production of dried cod, whether or not salted in 2019 were Ethiopia (X tons), Egypt (X tons) and Democratic Republic of the Congo (X tons), with a combined X% share of total production. Tanzania, Algeria, Somalia, Uganda, Kenya, Madagascar, Cote d'Ivoire, Libya, Zambia and Senegal lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Tanzania, while production of dried cod, whether or not salted for the other leaders experienced more modest paces of growth.

Exports of Dried Cod, Whether Or Not Salted

Exports in Africa

For the fifth consecutive year, Africa recorded decline in overseas shipments of dried cod, whether or not salted, which decreased by -X% to X tons in 2019. In general, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. As a result, exports reached the peak of X tons. From 2013 to 2019, the growth of exports remained at a lower figure.

In value terms, exports of dried cod, whether or not salted dropped significantly to $X in 2019. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Madagascar was the main exporter of dried cod, whether or not salted in Africa, with the volume of exports recording X tons, which was near X% of total exports in 2019. Tanzania (X tons) ranks second in terms of the total exports with a X% share, followed by Uganda (X%), South Africa (X%), Cabo Verde (X%) and Senegal (X%).

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Tanzania, while exports for the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X) remains the largest dried cod, whether or not salted supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by Cabo Verde ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

In Madagascar, exports of dried cod, whether or not salted increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Cabo Verde (-X% per year) and South Africa (-X% per year).

Export Prices by Country

The export price for dried cod, whether or not salted in Africa stood at $X per ton in 2019, falling by -X% against the previous year. Over the period under review, the export price, however, recorded a moderate expansion. The growth pace was the most rapid in 2011 when the export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. From 2012 to 2019, the growth in terms of the export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Madagascar ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Madagascar, while the other leaders experienced mixed trends in the export price figures.

Imports of Dried Cod, Whether Or Not Salted

Imports in Africa

After two years of growth, supplies from abroad of dried cod, whether or not salted decreased by -X% to X tons in 2019. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, imports of dried cod, whether or not salted declined notably to $X in 2019. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2013 to 2019, the growth of imports remained at a lower figure.

Imports by Country

In 2019, Nigeria (X tons) was the largest importer of dried cod, whether or not salted, mixing up X% of total imports. Angola (X tons) occupied the second position in the ranking, distantly followed by South Africa (X tons). All these countries together held approx. X% share of total imports. The following importers - Democratic Republic of the Congo (X tons) and Mozambique (X tons) - together made up X% of total imports.

From 2007 to 2019, average annual rates of growth with regard to dried cod, whether or not salted imports into Nigeria stood at -X%. At the same time, Democratic Republic of the Congo (+X%) and Mozambique (+X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2019. By contrast, South Africa (-X%) and Angola (-X%) illustrated a downward trend over the same period. South Africa (+X p.p.), Angola (+X p.p.), Democratic Republic of the Congo (+X p.p.) and Mozambique (+X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, Nigeria ($X), Angola ($X) and South Africa ($X) appeared to be the countries with the highest levels of imports in 2019, with a combined X% share of total imports. These countries were followed by Mozambique and Democratic Republic of the Congo, which together accounted for a further X Republic of the Congo recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price for dried cod, whether or not salted in Africa stood at $X per ton in 2019, increasing by X% against the previous year. Overall, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2012 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2009; however, from 2010 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Mozambique ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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