SADC: Smoked Herring Market 2024

Smoked Herring Market Size in SADC

In 2022, the SADC smoked herring market increased by X% to $X, rising for the second consecutive year after five years of decline. In general, consumption continues to indicate a deep setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Smoked Herring Production in SADC

In value terms, smoked herring production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Smoked Herring Exports

Exports in SADC

In 2022, after two years of growth, there was significant decline in overseas shipments of smoked herrings, when their volume decreased by X% to X kg. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, smoked herring exports skyrocketed to $X in 2022. Over the period under review, exports showed a deep reduction. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Namibia (X kg) and South Africa (X kg) prevails in exports structure, together comprising X% of total exports. Botswana (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Botswana (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest smoked herring supplying countries in SADC were Namibia ($X), South Africa ($X) and Botswana ($X).

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

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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 Botswana ($X per ton), while Namibia ($X per ton) was amongst the lowest.

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

Smoked Herring Imports

Imports in SADC

Smoked herring imports rose to X tons in 2022, growing by X% on the year before. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, smoked herring imports surged to $X in 2022. In general, imports, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Swaziland was the largest importer of smoked herrings in SADC, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Democratic Republic of the Congo (X tons) ranks second in terms of the total imports with a X% share, followed by Namibia (X%). The following importers - Lesotho (X kg), Angola (X kg), Mauritius (X kg) and Zimbabwe (X kg) - together made up X% of total imports.

Imports into Swaziland increased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%), Lesotho (X%), Namibia (X%) and Angola (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Democratic Republic of the Congo experienced a relatively flat trend pattern. By contrast, Zimbabwe (X%) illustrated a downward trend over the same period. While the share of Swaziland (X p.p.), Lesotho (X p.p.) and Mauritius (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Zimbabwe (X p.p.) and Democratic Republic of the Congo (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest smoked herring importing markets in SADC were Swaziland ($X), Democratic Republic of the Congo ($X) and Namibia ($X), with a combined X% share of total imports. Mauritius, Lesotho, Angola and Zimbabwe lagged somewhat behind, together accounting for a further X%.

Lesotho, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, recorded a abrupt descent. Over the period under review, import prices reached the peak figure 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 Mauritius ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :