Africa: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Africa

The African dried or salted fish market rose notably to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Production of Dried Or Salted Fish in Africa

In value terms, dried or salted fish production rose sharply 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 in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Exports of Dried Or Salted Fish

Exports in Africa

For the third consecutive year, Africa recorded growth in overseas shipments of dried or salted fish, which increased by X% to X tons in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, dried or salted fish exports shrank slightly to $X in 2023. Over the period under review, exports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania represented the key exporting country with an export of about X tons, which recorded X% of total exports. Kenya (X tons) ranks second in terms of the total exports with a X% share, followed by Uganda (X%) and Mauritania (X%). The following exporters - Senegal (X tons), Morocco (X tons) and Namibia (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to dried or salted fish exports from Tanzania stood at X%. At the same time, Kenya (X%), Morocco (X%) and Mauritania (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Senegal and Namibia experienced a relatively flat trend pattern. By contrast, Uganda (X%) illustrated a downward trend over the same period. While the share of Kenya (X p.p.) and Tanzania (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Uganda (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tanzania ($X) emerged as the largest dried or salted fish supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Kenya, with an X% share.

In Tanzania, dried or salted fish exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Kenya (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, which is down by X% against the previous year. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 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 Morocco ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

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

Imports of Dried Or Salted Fish

Imports in Africa

In 2023, purchases abroad of dried or salted fish increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a deep contraction. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, dried or salted fish imports skyrocketed to $X in 2023. Over the period under review, imports, however, saw a abrupt decrease. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Morocco (X tons) and Rwanda (X tons) represented roughly X% of total imports in 2023. Democratic Republic of the Congo (X tons) took the next position in the ranking, followed by Uganda (X tons), Tunisia (X tons), Kenya (X tons) and Malawi (X tons). All these countries together took near X% share of total imports. Togo (X tons), Congo (X tons), South Africa (X tons), Angola (X tons) and Mali (X tons) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Kenya (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dried or salted fish importing markets in Africa were Morocco ($X), Rwanda ($X) and Tunisia ($X), with a combined X% share of total imports. Democratic Republic of the Congo, Angola, South Africa, Congo, Uganda, Togo, Mali, Malawi and Kenya lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Angola ($X per ton), while Kenya ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform