Africa: Preserved Sardines Market 2024

Preserved Sardines Market Size in Africa

The African preserved sardines market reduced to $X in 2023, declining by X% against the previous year. In general, consumption continues to indicate a slight contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Preserved Sardines Production in Africa

In value terms, preserved sardines production dropped slightly to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

Preserved Sardines Exports

Exports in Africa

In 2023, approx. X tons of sardines (prepared or preserved) were exported in Africa; with a decrease of X% on 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, preserved sardines exports declined slightly to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Morocco dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. The following exporters - South Africa (X tons) and Namibia (X tons) - together made up X% of total exports.

Morocco was also the fastest-growing in terms of the sardines (prepared or preserved) exports, with a CAGR of X% from 2012 to 2023. South Africa (X%) and Namibia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Morocco increased by X percentage points.

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

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

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure in 2023 and is likely to see gradual growth in the immediate term.

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 ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Preserved Sardines Imports

Imports in Africa

After two years of growth, supplies from abroad of sardines (prepared or preserved) decreased by X% to X tons in 2023. In general, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, preserved sardines imports fell to $X in 2023. Over the period under review, imports saw a slight downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, South Africa (X tons), distantly followed by Gabon (X tons), Democratic Republic of the Congo (X tons), Ghana (X tons) and Mauritania (X tons) were the main importers of sardines (prepared or preserved), together generating X% of total imports. The following importers - Angola (X tons), Guinea (X tons), Togo (X tons), Namibia (X tons), Cameroon (X tons), Congo (X tons), Botswana (X tons) and Niger (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to preserved sardines imports into South Africa stood at X%. At the same time, Togo (X%), Niger (X%), Mauritania (X%), Guinea (X%), Gabon (X%), Namibia (X%), Congo (X%), Botswana (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Ghana and Cameroon experienced a relatively flat trend pattern. By contrast, Angola (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Gabon, Mauritania, Togo, Democratic Republic of the Congo, Guinea, Niger, Ghana and Namibia increased by X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported sardines (prepared or preserved) in Africa, comprising X% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total imports. It was followed by Gabon, with an X% share.

In South Africa, preserved sardines imports contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (X% per year) and Gabon (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

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 Guinea ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform