Africa: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Africa

The African market for herring, salted or in brine reduced modestly to $X in 2022, shrinking by -4.1% against the previous year. Over the period under review, consumption showed a slight reduction. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Herring, Salted Or In Brine in Africa

In value terms, herring, salted or in brine production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Herring, Salted Or In Brine

Exports in Africa

In 2022, exports of herring, salted or in brine in Africa shrank sharply to X tons, with a decrease of -33.3% compared with the year before. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 185%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, herring, salted or in brine exports contracted significantly to $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 264% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Egypt (X tons) was the key exporter of herring, salted or in brine, creating 62% of total exports. South Africa (X tons) ranks second in terms of the total exports with a 32% share, followed by Ghana (5.5%).

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +17.0%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Egypt ($X), South Africa ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2022, with a combined 100% share of total exports.

South Africa, with a CAGR of +1.8%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, waning by -11.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 58% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+2.5%), while the other leaders experienced a decline in the export price figures.

Imports of Herring, Salted Or In Brine

Imports in Africa

After four years of growth, supplies from abroad of herring, salted or in brine decreased by -8% to X tons in 2022. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 426% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, herring, salted or in brine imports contracted to $X in 2022. Over the period under review, imports saw a slight downturn. The pace of growth was the most pronounced in 2016 with an increase of 555%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Angola prevails in imports structure, finishing at X tons, which was approx. 85% of total imports in 2022. It was distantly followed by Cabo Verde (X tons), constituting an 8.6% share of total imports. Botswana (X kg) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to herring, salted or in brine imports into Angola stood at +34.7%. At the same time, Botswana (+46.6%) and Cabo Verde (+46.5%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in Africa, with a CAGR of +46.6% from 2012-2022. From 2012 to 2022, the share of Angola, Cabo Verde and Botswana increased by +75, +8.2 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Angola ($X) constitutes the largest market for imported herring, salted or in brine in Africa, comprising 67% of total imports. The second position in the ranking was held by Cabo Verde ($X), with a 5.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Angola totaled +9.9%. In the other countries, the average annual rates were as follows: Cabo Verde (+31.4% per year) and Botswana (+25.6% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 when the import price increased by 58% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Botswana ($X per ton), while Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cabo Verde (-10.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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