South Africa - Herrings (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Herring Price in South Africa - 2023
Contents:
- Preserved Herring Price in South Africa (FOB) - 2022
- Preserved Herring Price in South Africa (CIF) - 2022
- Preserved Herring Exports in South Africa
- Preserved Herring Imports in South Africa
Preserved Herring Price in South Africa (FOB) - 2022
The average preserved herring export price stood at $1,837 per ton in 2022, declining by -14.1% against the previous year. Over the period under review, the export price saw a slight curtailment. The pace of growth was the most pronounced in 2014 an increase of 83% against the previous year. As a result, the export price reached the peak level of $4,297 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lesotho ($5,057 per ton), while the average price for exports to Yemen ($1,559 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 Lesotho (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Herring Price in South Africa (CIF) - 2022
In 2022, the average preserved herring import price amounted to $4,723 per ton, falling by -27.5% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average import price increased by 94% against the previous year. As a result, import price attained the peak level of $6,793 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($5,120 per ton), while the price for Thailand ($4,058 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+48.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Preserved Herring Exports in South Africa
In 2022, approx. 394 tons of herrings (prepared or preserved) were exported from South Africa; increasing by 216% against 2021 figures. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved herring exports surged to $724K in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Preserved Herring in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 34.9 | 140 | 27.7 | 342 | 114.0% |
| Somalia | 34.9 | 58.7 | 105 | 259 | 95.1% |
| Swaziland | 35.4 | 34.7 | 39.0 | 27.3 | -8.3% |
| Lesotho | 175 | 123 | 20.4 | 26.0 | -47.0% |
| Namibia | 41.4 | 18.4 | 21.6 | 19.0 | -22.9% |
| Mozambique | 18.5 | 5.3 | 14.3 | 4.0 | -40.0% |
| Others | 45.0 | 25.2 | 38.8 | 47.4 | 1.7% |
| Total | 385 | 406 | 267 | 724 | 23.4% |
Top Export Markets for Preserved Herring from South Africa in 2022:
- Yemen (219.2 tons)
- Somalia (146.1 tons)
- Swaziland (5.6 tons)
- Lesotho (5.1 tons)
- Namibia (4.9 tons)
- Mozambique (1.9 tons)
Preserved Herring Imports in South Africa
In 2022, preserved herring imports into South Africa soared to 83 tons, surging by 113% on the year before. In general, imports recorded notable growth. The pace of growth appeared the most rapid in 2021 with an increase of 117%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, preserved herring imports skyrocketed to $391K in 2022. Overall, imports, however, recorded a mild decline. The pace of growth was the most pronounced in 2021 with an increase of 143%.
| Import of Preserved Herring in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 374 | 75.3 | 192 | 270 | -10.3% |
| Thailand | N/A | N/A | 0.1 | 113 | 112900.0% |
| Germany | 34.3 | 27.6 | 60.7 | 6.8 | -41.7% |
| Others | 1.2 | 1.4 | 0.9 | 1.3 | 2.7% |
| Total | 410 | 104 | 254 | 391 | -1.6% |
Top Suppliers of Preserved Herring to South Africa in 2022:
- Poland (52.8 tons)
- Thailand (27.8 tons)
- Germany (1.6 tons)
This report provides an in-depth analysis of the preserved herring market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Imports, on the other hand, experienced a slight decline overall. In terms of value, preserved sardines imports increased significantly to $4M in November 2023. The name 'Preserved Sardines' remains unchanged.
244
The price of Preserved Sardines amounted to $3,800 per ton (CIF, South Africa) in July 2023, showing a decline of -10.9% compared to the previous month.
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In February 2023, the preserved tuna price stood at $4,342 per ton (CIF, South Africa), with an increase of 9.4% against the previous month.
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