Africa: Smoked Salmon Market 2024

Smoked Salmon Market Size in Africa

The African smoked salmon market shrank modestly to $X in 2022, which is down by -1.9% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Smoked Salmon Production in Africa

In value terms, smoked salmon production fell slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Smoked Salmon Exports

Exports in Africa

In 2022, the amount of smoked pacific, atlantic and danube salmon exported in Africa surged to X tons, growing by 28% on the previous year. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 59% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, smoked salmon exports surged to $X in 2022. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2021 with an increase of 95%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Morocco represented the key exporting country with an export of around X tons, which accounted for 59% of total exports. It was distantly followed by South Africa (X tons), mixing up a 29% share of total exports. Niger (X tons) held a relatively small share of total exports.

Morocco was also the fastest-growing in terms of the smoked pacific, atlantic and danube salmon exports, with a CAGR of +145.6% from 2012 to 2022. Niger experienced a relatively flat trend pattern. South Africa (-6.9%) illustrated a downward trend over the same period. Morocco (+59 p.p.) and Niger (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -30.5% from 2012 to 2022, respectively.

In value terms, Morocco ($X) remains the largest smoked salmon supplier in Africa, comprising 73% of total exports. The second position in the ranking was taken by South Africa ($X), with a 22% share of total exports.

In Morocco, smoked salmon exports expanded at an average annual rate of +153.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (+6.5% per year) and Niger (0.0% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, surging by 47% against the previous year. Overall, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when the export price increased by 91%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Niger ($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 (+14.4%).

Smoked Salmon Imports

Imports in Africa

In 2022, approx. X tons of smoked pacific, atlantic and danube salmon were imported in Africa; with a decrease of -12.2% on the previous year's figure. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 74%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, smoked salmon imports reduced to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Mauritius (X tons) and Cote d'Ivoire (X tons) represented the largest importers of smoked pacific, atlantic and danube salmon in Africa, together reaching approx. 30% of total imports. Togo (X tons) held an 8.4% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (6.2%). Morocco (X tons), Egypt (X tons), Madagascar (X tons), Mali (X tons), South Africa (X tons), Seychelles (X tons), Benin (X tons), Algeria (X tons) and Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Togo (with a CAGR of +63.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mauritius ($X), Cote d'Ivoire ($X) and Senegal ($X) were the countries with the highest levels of imports in 2022, with a combined 37% share of total imports. Morocco, Egypt, Nigeria, Algeria, Mali, Madagascar, Seychelles, Benin, South Africa and Togo lagged somewhat behind, together accounting for a further 34%.

Among the main importing countries, Mali, with a CAGR of +39.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, picking up by 3.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 19%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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