South Africa: Preserved Salmon Market 2024

Preserved Salmon Market Size in South Africa

In 2021, the South African preserved salmon market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, saw a noticeable decline. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Salmon Production in South Africa

In value terms, preserved salmon production expanded to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19%. Preserved salmon production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Preserved Salmon Exports

Exports from South Africa

In 2021, shipments abroad of salmon (prepared or preserved) decreased by -14.7% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 140% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved salmon exports skyrocketed to $X in 2021. In general, exports, however, saw a mild increase. The most prominent rate of growth was recorded in 2014 with an increase of 105% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons), Namibia (X tons) and Mozambique (X tons) were the main destinations of preserved salmon exports from South Africa, with a combined 61% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique (with a CAGR of +7.4%), while the other leaders experienced mixed trend patterns.

In value terms, Mozambique ($X), Botswana ($X) and Namibia ($X) constituted the largest markets for preserved salmon exported from South Africa worldwide, together accounting for 65% of total exports.

Mozambique, with a CAGR of +27.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 salmon export price amounted to $X per ton, rising by 50% against the previous year. Overall, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2013 an increase of 83% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Zambia ($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 Swaziland (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Salmon Imports

Imports into South Africa

In 2021, after three years of decline, there was significant growth in purchases abroad of salmon (prepared or preserved), when their volume increased by 324% to X tons. In general, imports, however, recorded a abrupt decline. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, preserved salmon imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by 169%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest preserved salmon supplier to South Africa, with a 82% share of total imports. Moreover, preserved salmon imports from Thailand exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fivefold. China (X kg) ranked third in terms of total imports with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+34.9% per year) and China (-26.6% per year).

In value terms, Thailand ($X) constituted the largest supplier of salmon (prepared or preserved) to South Africa, comprising 74% of total imports. The second position in the ranking was taken by Denmark ($X), with a 25% share of total imports. It was followed by the United States, with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+37.5% per year) and the United States (-64.1% per year).

Import Prices by Country

In 2021, the average preserved salmon import price amounted to $X per ton, which is down by -45.7% against the previous year. In general, the import price, however, saw a noticeable increase. The pace of growth was the most pronounced in 2020 an increase of 114% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined notably in the following year.

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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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