South Africa: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in South Africa

In 2022, the South African market for frozen, dried and smoked fish increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Frozen, dried and smoked fish consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen, Dried And Smoked Fish in South Africa

In value terms, frozen, dried and smoked fish production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from South Africa

In 2022, approx. X tons of frozen, dried and smoked fish were exported from South Africa; shrinking by X% on 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, frozen, dried and smoked fish exports declined to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Spain (X tons), Mozambique (X tons) and Italy (X tons) were the main destinations of frozen, dried and smoked fish exports from South Africa, with a combined X% share of total exports. Portugal, Zambia, Australia, Namibia, Democratic Republic of the Congo, the UK, the Netherlands, the United States, France and Mauritius lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen, dried and smoked fish exported from South Africa were Spain ($X), Italy ($X) and the United States ($X), together comprising X% of total exports. Portugal, Mozambique, Australia, the Netherlands, the UK, France, Zambia, Namibia, Democratic Republic of the Congo and Mauritius lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Zambia, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The average export price for frozen, dried and smoked fish stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into South Africa

In 2022, supplies from abroad of frozen, dried and smoked fish increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, frozen, dried and smoked fish imports reached $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Morocco (X tons) constituted the largest supplier of frozen, dried and smoked fish to South Africa, with a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Morocco exceeded the figures recorded by the second-largest supplier, Namibia (X tons), twofold. The third position in this ranking was held by Russia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Morocco amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (X% per year) and Russia (X% per year).

In value terms, the largest frozen, dried and smoked fish suppliers to South Africa were Morocco ($X), Namibia ($X) and Russia ($X), together accounting for X% of total imports.

Among the main suppliers, Morocco, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, reducing by X% against the previous year. In general, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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