SADC: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in SADC

The SADC preserved anchovies market expanded modestly to $X in 2022, increasing by X% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Preserved Anchovies Production in SADC

In value terms, preserved anchovies production totaled $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Preserved Anchovies Exports

Exports in SADC

In 2022, approx. X tons of anchovies (prepared or preserved) were exported in SADC; growing by X% on the year before. Overall, exports, however, showed a deep slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, preserved anchovies exports rose significantly to $X in 2022. In general, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Tanzania (X kg), constituting a X% share of total exports. Mauritius (X kg) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to preserved anchovies exports from South Africa stood at X%. At the same time, Tanzania (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tanzania increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest preserved anchovies supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports.

In South Africa, preserved anchovies exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (X% per year) and Mauritius (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a 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 ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

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

Preserved Anchovies Imports

Imports in SADC

Preserved anchovies imports reached X tons in 2022, picking up by X% compared with the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preserved anchovies imports surged to $X in 2022. Overall, imports, however, showed a pronounced shrinkage. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa (X tons) and Angola (X tons) were the main importers of anchovies (prepared or preserved) in 2022, reaching near X% and X% of total imports, respectively. Mauritius (X tons) ranks next in terms of the total imports with a X% share, followed by Democratic Republic of the Congo (X%) and Seychelles (X%). Madagascar (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Seychelles (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported anchovies (prepared or preserved) in SADC, comprising X% of total imports. The second position in the ranking was held by Mauritius ($X), with an X% share of total imports. It was followed by Seychelles, with a X% share.

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

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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