Africa: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Africa

The African market for fresh or chilled salmonoids meat declined slightly to $X in 2022, shrinking by -2.6% against the previous year. In general, consumption, however, continues to indicate a tangible increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Fresh Or Chilled Salmonoids Meat in Africa

In value terms, fresh or chilled salmonoids meat production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 20%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Meat

Exports in Africa

In 2022, approx. X tons of fresh or chilled salmonoids meat were exported in Africa; rising by 85% compared with the year before. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,062%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled salmonoids meat exports skyrocketed to $X in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 815% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X tons) was the largest exporter of fresh or chilled salmonoids meat in Africa, mixing up 100% of total export.

South Africa was also the fastest-growing in terms of the fresh or chilled salmonoids meat exports, with a CAGR of +25.8% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by +5.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest fresh or chilled salmonoids meat supplier in Africa.

In South Africa, fresh or chilled salmonoids meat exports expanded at an average annual rate of +29.5% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, declining by -2% against the previous year. In general, the export price, however, saw tangible growth. The pace of growth was the most pronounced in 2018 an increase of 78%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +3.0% per year.

Imports of Fresh Or Chilled Salmonoids Meat

Imports in Africa

In 2022, fresh or chilled salmonoids meat imports in Africa shrank remarkably to X tons, which is down by -21% on 2021. In general, imports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 583% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat imports contracted notably to $X in 2022. Overall, imports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2021 with an increase of 181% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Namibia was the main importer of fresh or chilled salmonoids meat in Africa, with the volume of imports reaching X tons, which was near 49% of total imports in 2022. Zambia (X tons) ranks second in terms of the total imports with a 13% share, followed by Lesotho (11%), Mozambique (8.2%), Tanzania (7.8%) and Botswana (6.4%). Swaziland (X kg) held a minor share of total imports.

Namibia was also the fastest-growing in terms of the fresh or chilled salmonoids meat imports, with a CAGR of +60.5% from 2012 to 2022. At the same time, Lesotho (+55.7%), Tanzania (+42.4%), Mozambique (+24.1%), Zambia (+21.0%) and Swaziland (+14.1%) displayed positive paces of growth. Botswana experienced a relatively flat trend pattern. While the share of Namibia (+49 p.p.), Zambia (+11 p.p.), Lesotho (+10 p.p.), Tanzania (+7.5 p.p.), Mozambique (+7.1 p.p.) and Swaziland (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Namibia ($X) constitutes the largest market for imported fresh or chilled salmonoids meat in Africa, comprising 54% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 17% share of total imports. It was followed by Lesotho, with a 7.6% share.

In Namibia, fresh or chilled salmonoids meat imports increased at an average annual rate of +50.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+19.6% per year) and Lesotho (+12.1% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2014 when the import price increased by 164%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 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 Tanzania ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (-3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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