Sudan: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Sudan

After four years of decline, the Sudanese dried or smoked fish market increased by 4.2% to $X in 2021. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Dried Or Smoked Fish in Sudan

In value terms, dried or smoked fish production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 95%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports from Sudan

Dried or smoked fish exports from Sudan surged to X tons in 2021, picking up by 131% against 2020. Overall, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dried or smoked fish exports soared to $X in 2021. Over the period under review, exports showed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 176% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for dried or smoked fish exports from Sudan, accounting for a 84% share of total exports. Moreover, dried or smoked fish exports to Hong Kong SAR exceeded the volume sent to the second major destination, Australia (X tons), ninefold. The third position in this ranking was held by the United Arab Emirates (X kg), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR stood at +57.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+42.0% per year) and the United Arab Emirates (+28.3% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for dried or smoked fish exports from Sudan, comprising 89% of total exports. The second position in the ranking was held by Australia ($X), with a 3.9% share of total exports. It was followed by the United Arab Emirates, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +30.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+24.6% per year) and the United Arab Emirates (+36.7% per year).

Export Prices by Country

The average dried or smoked fish export price stood at $X per ton in 2021, declining by -9.8% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Singapore ($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 the United Arab Emirates (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dried Or Smoked Fish

Imports into Sudan

In 2021, after five years of growth, there was significant decline in supplies from abroad of dried or smoked fish, when their volume decreased by -75.7% to X tons. Overall, imports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2018 with an increase of 115%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, dried or smoked fish imports dropped markedly to $X in 2021. Over the period under review, imports showed a significant decrease. The pace of growth appeared the most rapid in 2018 with an increase of 167% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Ethiopia (X tons), the United Arab Emirates (X kg) and Saudi Arabia (X kg) were the main suppliers of dried or smoked fish imports to Sudan, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +44.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest dried or smoked fish suppliers to Sudan were the United Arab Emirates ($X), Saudi Arabia ($X) and Ethiopia ($X), together comprising 79% of total imports.

The United Arab Emirates, with a CAGR of +25.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average dried or smoked fish import price stood at $X per ton in 2021, growing by 61% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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