South Africa: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in South Africa

The South African preserved anchovies market totaled $X in 2021, leveling off at the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Anchovies Production in South Africa

In value terms, preserved anchovies production totaled $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 67%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Preserved Anchovies Exports

Exports from South Africa

After three years of growth, shipments abroad of anchovies (prepared or preserved) decreased by -65.8% to X tons in 2021. Over the period under review, exports faced a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 82%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved anchovies exports declined remarkably to $X in 2021. In general, exports saw a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 141% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Namibia (X kg), Zambia (X kg) and Malawi (X kg) were the main destinations of preserved anchovies exports from South Africa, together comprising 80% of total exports. Swaziland, Democratic Republic of the Congo, Botswana and Seychelles lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Swaziland (with a CAGR of +50.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for preserved anchovies exported from South Africa were Zambia ($X), Malawi ($X) and Namibia ($X), with a combined 80% share of total exports. These countries were followed by Swaziland, Botswana, Seychelles and Democratic Republic of the Congo, which together accounted for a further 11%.

In terms of the main countries of destination, Swaziland, with a CAGR of +67.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average preserved anchovies export price amounted to $X per ton, rising by 90% against the previous year. Over the period under review, the export price saw measured growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+86.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Anchovies Imports

Imports into South Africa

In 2021, the amount of anchovies (prepared or preserved) imported into South Africa rose notably to X tons, increasing by 14% on 2020 figures. In general, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 35% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, preserved anchovies imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 29%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Morocco (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of preserved anchovies imports to South Africa, with a combined 92% share of total imports. These countries were followed by China and Peru, which together accounted for a further 7.9%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +71.8%), while purchases for the other leaders experienced a decline.

In value terms, Morocco ($X) constituted the largest supplier of anchovies (prepared or preserved) to South Africa, comprising 61% of total imports. The second position in the ranking was held by Spain ($X), with a 24% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Morocco stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-12.4% per year) and Italy (-10.7% per year).

Import Prices by Country

In 2021, the average preserved anchovies import price amounted to $X per ton, picking up by 7.5% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved anchovies import price increased by +82.0% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 70% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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