SADC: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in SADC

In 2021, after five years of growth, there was significant decline in the SADC preserved anchovies market, when its value decreased by -5.8% to $X. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +100.0% against 2015 indices. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Preserved Anchovies Production in SADC

In value terms, preserved anchovies production dropped to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced expansion. The growth pace was the most rapid in 2018 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Preserved Anchovies Exports

Exports in SADC

In 2021, after three years of growth, there was significant decline in shipments abroad of anchovies (prepared or preserved), when their volume decreased by -62.2% to X tons. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 72%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, preserved anchovies exports dropped sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 123%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, resulting at X tons, which was near 88% of total exports in 2021. It was distantly followed by Tanzania (X kg), making up a 6.7% share of total exports. Seychelles (X kg) and Namibia (X kg) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to preserved anchovies exports from South Africa stood at -14.8%. Tanzania experienced a relatively flat trend pattern. Namibia (-7.1%) and Seychelles (-14.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Tanzania increased by +6.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest preserved anchovies supplier in SADC, comprising 93% of total exports. The second position in the ranking was held by Seychelles ($X), with a 4.3% share of total exports. It was followed by Tanzania, with a 1.5% share.

In South Africa, preserved anchovies exports contracted by an average annual rate of -11.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Seychelles (-11.8% per year) and Tanzania (0.0% per year).

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, with an increase of 77% against the previous year. Overall, the export price showed tangible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Preserved Anchovies Imports

Imports in SADC

In 2021, overseas purchases of anchovies (prepared or preserved) decreased by -16.5% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a deep slump. The growth pace was the most rapid in 2019 when imports increased by 24%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved anchovies imports expanded sharply to $X in 2021. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when imports increased by 18%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

South Africa was the largest importing country with an import of around X tons, which finished at 47% of total imports. Mauritius (X tons) ranks second in terms of the total imports with a 31% share, followed by Seychelles (12%). Namibia (X kg) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Seychelles (with a CAGR of +34.7%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, South Africa ($X) constitutes the largest market for imported anchovies (prepared or preserved) in SADC, comprising 64% of total imports. The second position in the ranking was taken by Mauritius ($X), with a 17% share of total imports. It was followed by Seychelles, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa amounted to -8.5%. In the other countries, the average annual rates were as follows: Mauritius (+3.0% per year) and Seychelles (+30.8% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, with an increase of 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2016 an increase of 40%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+5.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform