Africa: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Africa

The African market for caviar (salmon) and caviar substitutes shrank modestly to $X in 2022, declining by X% against the previous year. In general, consumption saw a noticeable decrease. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Caviar (Salmon) And Caviar Substitutes in Africa

In value terms, caviar (salmon) and caviar substitutes production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a mild slump. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in Africa

In 2022, the amount of caviar (salmon) and caviar substitutes exported in Africa surged to X tons, increasing by X% on the year before. In general, exports posted a significant expansion. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes exports soared to $X in 2022. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

South Africa prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. Guinea (X kg) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to caviar (salmon) and caviar substitutes exports from South Africa stood at X%. At the same time, Guinea (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) emerged as the largest caviar (salmon) and caviar substitutes supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Guinea ($X), with a X% share of total exports.

In South Africa, caviar (salmon) and caviar substitutes exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Guinea ($X per ton), while South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in Africa

In 2022, the amount of caviar (salmon) and caviar substitutes imported in Africa fell markedly to X tons, which is down by X% against the year before. Overall, imports, however, saw moderate growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, caviar (salmon) and caviar substitutes imports contracted rapidly to $X in 2022. In general, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

Nigeria represented the major importer of caviar (salmon) and caviar substitutes in Africa, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Morocco (X tons) ranks second in terms of the total imports with a X% share, followed by Angola (X%) and Mauritius (X%). Democratic Republic of the Congo (X tons), South Africa (X tons), Seychelles (X tons), Cameroon (X tons), Namibia (X tons), Mozambique (X tons) and Saint Helena, Ascension and Tristan da Cunha (X tons) held a relatively small share of total imports.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Democratic Republic of the Congo (X%), Mozambique (X%), Seychelles (X%), Namibia (X%), Cameroon (X%), Morocco (X%), Angola (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) and Saint Helena, Ascension and Tristan da Cunha (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Morocco (X p.p.), Angola (X p.p.), Mauritius (X p.p.), Democratic Republic of the Congo (X p.p.), Seychelles (X p.p.), Cameroon (X p.p.), Mozambique (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saint Helena, Ascension and Tristan da Cunha (X p.p.) and South Africa (X p.p.) displayed negative dynamics.

In value terms, Morocco ($X) constitutes the largest market for imported caviar (salmon) and caviar substitutes in Africa, comprising X% of total imports. The second position in the ranking was held by Mauritius ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Morocco amounted to X%. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and South Africa (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked 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 importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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