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

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

The South African market for dried cod, whether or not salted skyrocketed to $X in 2019, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Exports of Dried Cod, Whether Or Not Salted

Exports from South Africa

In 2019, exports of dried cod, whether or not salted from South Africa shrank markedly to X tons, with a decrease of -X% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. As a result, exports reached the peak of X tons. From 2010 to 2019, the growth of exports failed to regain the momentum.

In value terms, exports of dried cod, whether or not salted dropped significantly to $X in 2019. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

Mozambique (X tons) was the main destination for exports of dried cod, whether or not salted from South Africa, with a X% share of total exports. Moreover, exports of dried cod, whether or not salted to Mozambique exceeded the volume sent to the second major destination, Namibia (X kg), tenfold. Botswana (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Mozambique was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-X% per year) and Botswana (+X% per year).

In value terms, Mozambique ($X) remains the key foreign market for dried cod, whether or not salted exports from South Africa, comprising X% of total exports. The second position in the ranking was occupied by Namibia ($X), with a X% share of total exports. It was followed by Botswana, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Mozambique stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-X% per year) and Botswana (+X% per year).

Export Prices by Country

The average export price for dried cod, whether or not salted stood at $X per ton in 2019, which is down by -X% against the previous year. Over the period under review, the export price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. From 2011 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was France ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe, while the prices for the other major destinations experienced a decline.

Imports of Dried Cod, Whether Or Not Salted

Imports into South Africa

In 2019, the amount of dried cod, whether or not salted imported into South Africa skyrocketed to X tons, increasing by X% compared with 2018. In general, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. From 2010 to 2019, the growth of imports remained at a lower figure.

In value terms, imports of dried cod, whether or not salted surged to $X in 2019. Overall, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports attained the maximum at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Norway (X tons) constituted the largest dried cod, whether or not salted supplier to South Africa, accounting for a X% share of total imports. Moreover, imports of dried cod, whether or not salted from Norway exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Norway stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Portugal (-X% per year).

In value terms, Norway ($X) constituted the largest supplier of dried cod, whether or not salted to South Africa, comprising X% of total imports. The second position in the ranking was occupied by Portugal ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Norway stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-X% per year) and India (-X% per year).

Import Prices by Country

In 2019, the average import price for dried cod, whether or not salted amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price recorded a slight decrease. The pace of growth was the most pronounced in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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