SADC: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in SADC

In 2023, the SADC dried or smoked fish market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Production of Dried Or Smoked Fish in SADC

In value terms, dried or smoked fish production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports in SADC

In 2023, shipments abroad of dried or smoked fish increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, dried or smoked fish exports reached $X in 2023. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania dominates exports structure, reaching X tons, which was near X% of total exports in 2023. The following exporters - Namibia (X tons), Botswana (X tons) and Zambia (X tons) - together made up X% of total exports.

Exports from Tanzania increased at an average annual rate of X% from 2012 to 2023. At the same time, Botswana (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. By contrast, Namibia (X%) illustrated a downward trend over the same period. Tanzania (X p.p.), Botswana (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total exports, while Namibia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Tanzania ($X) remains the largest dried or smoked fish supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by Botswana, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Tanzania totaled X%. In the other countries, the average annual rates were as follows: Namibia (X% per year) and Botswana (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a modest increase. The growth pace was the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Dried Or Smoked Fish

Imports in SADC

In 2023, after two years of growth, there was significant decline in overseas purchases of dried or smoked fish, when their volume decreased by X% to X tons. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, dried or smoked fish imports fell to $X in 2023. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Democratic Republic of the Congo (X tons) and Angola (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Zimbabwe (X tons) and South Africa (X tons), together making up a X% share of total imports. Mauritius (X tons) took a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Mauritius (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest dried or smoked fish importing markets in SADC were Angola ($X), Democratic Republic of the Congo ($X) and Zimbabwe ($X), together accounting for X% of total imports. South Africa and Mauritius lagged somewhat behind, together comprising a further X%.

Mauritius, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2019; however, from 2020 to 2023, 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 Mauritius ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zimbabwe (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform