South Africa: Market for Fresh Or Chilled Salmonoids Fillets 2024

Market Size for Fresh Or Chilled Salmonoids Fillets in South Africa

The South African market for fresh or chilled salmonoids fillets contracted slightly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. 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 Fresh Or Chilled Salmonoids Fillets in South Africa

In value terms, fresh or chilled salmonoids fillets production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports from South Africa

Fresh or chilled salmonoids fillets exports from South Africa rose modestly to X tons in 2022, growing by X% compared with the year before. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids fillets exports shrank rapidly to $X in 2022. Overall, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lesotho (X tons) was the main destination for fresh or chilled salmonoids fillets exports from South Africa, with a X% share of total exports. Moreover, fresh or chilled salmonoids fillets exports to Lesotho exceeded the volume sent to the second major destination, Namibia (X tons), threefold. The third position in this ranking was taken by Mozambique (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Lesotho amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Mozambique (X% per year).

In value terms, Mozambique ($X), Namibia ($X) and Lesotho ($X) were the largest markets for fresh or chilled salmonoids fillets exported from South Africa worldwide, together accounting for X% of total exports.

Mozambique, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for fresh or chilled salmonoids fillets stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports into South Africa

In 2022, purchases abroad of fresh or chilled salmonoids fillets decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports recorded a dramatic descent. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled salmonoids fillets imports surged to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Norway (X tons) was the main supplier of fresh or chilled salmonoids fillets to South Africa, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway was relatively modest.

In value terms, Norway ($X) constituted the largest supplier of fresh or chilled salmonoids fillets to South Africa.

From 2012 to 2022, the average annual rate of growth in terms of value from Norway was relatively modest.

Import Prices by Country

In 2022, the average import price for fresh or chilled salmonoids fillets amounted to $X per ton, increasing by X% against the previous year. Overall, the import price showed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to X% per year.

Source: IndexBox Platform

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