South Africa: Smoked Salmon Market 2024

Smoked Salmon Market Size in South Africa

The South African smoked salmon market reduced modestly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Smoked salmon consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Smoked Salmon Production in South Africa

In value terms, smoked salmon production contracted modestly to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 34% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Smoked Salmon Exports

Exports from South Africa

In 2022, shipments abroad of smoked pacific, atlantic and danube salmon decreased by -27.7% to X tons, falling for the seventh consecutive year after two years of growth. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 45%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, smoked salmon exports expanded markedly to $X in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Namibia (X tons) was the main destination for smoked salmon exports from South Africa, accounting for a 63% share of total exports. Moreover, smoked salmon exports to Namibia exceeded the volume sent to the second major destination, Mozambique (X tons), threefold. The third position in this ranking was held by Botswana (X tons), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume to Namibia amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+13.3% per year) and Botswana (-16.9% per year).

In value terms, Namibia ($X) remains the key foreign market for smoked pacific, atlantic and danube salmon exports from South Africa, comprising 68% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 15% share of total exports. It was followed by Zambia, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to Namibia totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+17.5% per year) and Zambia (+0.2% per year).

Export Prices by Country

In 2022, the average smoked salmon export price amounted to $X per ton, rising by 47% against the previous year. Overall, the export price recorded a prominent increase. As a result, the export price reached 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 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Botswana ($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 Namibia (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Salmon Imports

Imports into South Africa

In 2022, the amount of smoked pacific, atlantic and danube salmon imported into South Africa shrank markedly to X tons, which is down by -39.5% compared with 2021. In general, imports recorded a mild decrease. The growth pace was the most rapid in 2016 with an increase of 180% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, smoked salmon imports soared to $X in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 135%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria (X tons), Malawi (X tons) and the UK (X tons) were the main suppliers of smoked salmon imports to South Africa, together accounting for 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malawi (with a CAGR of +60.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest smoked salmon suppliers to South Africa were Malawi ($X), the UK ($X) and Nigeria ($X), with a combined 98% share of total imports.

In terms of the main suppliers, Malawi, with a CAGR of +134.8%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average smoked salmon import price amounted to $X per ton, rising by 282% against the previous year. Overall, the import price, however, recorded a abrupt descent. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+46.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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