South Africa: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in South Africa

The South African market for caviar (salmon) and caviar substitutes was finally on the rise to reach $X in 2021, after five years of decline. In general, consumption, however, saw a noticeable contraction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in South Africa

In value terms, caviar (salmon) and caviar substitutes production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2015 with an increase of 9.8% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from South Africa

In 2021, shipments abroad of caviar (salmon) and caviar substitutes increased by 182% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 681%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, caviar (salmon) and caviar substitutes exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2017 when exports increased by 469% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Saint Helena, Ascension and Tristan da Cunha (X tons) was the main destination for caviar (salmon) and caviar substitutes exports from South Africa, with a 82% share of total exports. Moreover, caviar (salmon) and caviar substitutes exports to Saint Helena, Ascension and Tristan da Cunha exceeded the volume sent to the second major destination, Mozambique (X kg), fivefold.

From 2013 to 2021, the average annual rate of growth in terms of volume to Saint Helena, Ascension and Tristan da Cunha stood at -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+81.3% per year) and Namibia (-9.4% per year).

In value terms, the largest markets for caviar (salmon) and caviar substitutes exported from South Africa were Mozambique ($X), Saint Helena, Ascension and Tristan da Cunha ($X) and Namibia ($X), with a combined 99% share of total exports.

Among the main countries of destination, Mozambique, with a CAGR of +159.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, dropping by -12.6% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 229% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mozambique ($X per ton), while the average price for exports to Saint Helena, Ascension and Tristan da Cunha ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+43.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into South Africa

In 2021, approx. X kg of caviar (salmon) and caviar substitutes were imported into South Africa; reducing by -7% compared with the year before. Overall, imports showed a significant contraction. The most prominent rate of growth was recorded in 2017 with an increase of 48%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes imports reduced dramatically to $X in 2021. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 47% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Iceland (X kg), the United States (X kg) and Spain (X kg) were the main suppliers of caviar (salmon) and caviar substitutes imports to South Africa, together accounting for 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iceland (with a CAGR of +40.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Iceland ($X) and Spain ($X) appeared to be the largest caviar (salmon) and caviar substitutes suppliers to South Africa, with a combined 71% share of total imports.

Among the main suppliers, Iceland, with a CAGR of +36.6%, 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 average import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, dropping by -51.9% against the previous year. In general, the import price, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 95% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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