South Africa - Dried Or Salted Fish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Dried or Salted Fish in South Africa - 2023
Contents:
- Price for Dried or Salted Fish in South Africa (CIF) - 2022
- Price for Dried or Salted Fish in South Africa (FOB) - 2022
- Imports of Dried or Salted Fish in South Africa
- Exports of Dried or Salted Fish in South Africa
Price for Dried or Salted Fish in South Africa (CIF) - 2022
In 2022, the average dried or salted fish import price amounted to $3,682 per ton, increasing by 40% against the previous year. Overall, the import price, however, recorded a abrupt slump. Over the period under review, average import prices reached the maximum at $7,013 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($9,075 per ton), while the price for Namibia ($2,626 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Dried or Salted Fish in South Africa (FOB) - 2022
The average dried or salted fish export price stood at $3,743 per ton in 2022, dropping by -25.6% against the previous year. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in 2018 when the average export price increased by 94% against the previous year. The export price peaked at $11,548 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($40,000 per ton), while the average price for exports to Namibia ($2,473 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 Democratic Republic of the Congo (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dried or Salted Fish in South Africa
In 2022, approx. 777 tons of dried or salted fish were imported into South Africa; increasing by 6.7% against the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 68%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, dried or salted fish imports soared to $2.9M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Dried or Salted Fish in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 938 | 544 | 1,010 | 1,672 | 21.2% |
| Norway | 1,234 | 981 | 739 | 1,133 | -2.8% |
| Malawi | N/A | 1.3 | 55.3 | N/A | 4153.8% |
| Others | 94.2 | 83.6 | 110 | 54.9 | -16.5% |
| Total | 2,266 | 1,610 | 1,913 | 2,860 | 8.1% |
Top Suppliers of Dried or Salted Fish to South Africa in 2022:
- Namibia (636.5 tons)
- Norway (124.9 tons)
Exports of Dried or Salted Fish in South Africa
In 2022, the amount of dried or salted fish exported from South Africa declined markedly to 11 tons, waning by -83.9% compared with the previous year's figure. In general, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 112%. As a result, the exports attained the peak of 66 tons, and then fell sharply in the following year.
In value terms, dried or salted fish exports fell dramatically to $40K in 2022. Over the period under review, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 159%. As a result, the exports reached the peak of $330K, and then shrank rapidly in the following year.
| Export of Dried or Salted Fish in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 12.3 | 13.2 | 36.5 | 15.0 | 6.8% |
| Zimbabwe | 1.5 | 4.6 | 8.2 | 9.9 | 87.6% |
| Lesotho | 4.1 | 52.6 | 51.2 | 6.6 | 17.2% |
| Ethiopia | N/A | 0.4 | N/A | 3.2 | 182.8% |
| Mozambique | 7.8 | 8.4 | 5.9 | 1.9 | -37.5% |
| Namibia | 39.7 | 0.2 | 2.5 | 1.1 | -69.7% |
| Democratic Republic of the Congo | N/A | N/A | 0.3 | 0.9 | 200.0% |
| Hong Kong SAR | 9.7 | 42.2 | 196 | N/A | 349.5% |
| China | 162 | N/A | N/A | N/A | 0% |
| Zambia | 9.6 | 0.7 | 23.1 | N/A | 55.1% |
| Others | 3.8 | 4.9 | 5.6 | 0.9 | -38.1% |
| Total | 250 | 127 | 330 | 39.5 | -45.9% |
Top Export Markets for Dried or Salted Fish from South Africa in 2022:
- Hong Kong SAR (undefined tons)
- Botswana (4.9 tons)
- Lesotho (2.3 tons)
- Zimbabwe (1.9 tons)
- Namibia (0.5 tons)
- Ethiopia (0.3 tons)
- Democratic Republic of the Congo (0.3 tons)
- Mozambique (0.2 tons)
This report provides an in-depth analysis of the market for dried or salted fish 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 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
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
-
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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