Africa: Frozen Eels Market 2022

Frozen Eels Market Size in Africa

The African frozen eels market surged to $X in 2020, picking up by X% against the previous year. Overall, consumption faced a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Frozen Eels Production in Africa

In value terms, frozen eels production declined to $X in 2020 estimated in export prices. Over the period under review, production, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Production By Country in Africa

The countries with the highest volumes of frozen eels production in 2020 were Morocco (X tons), Tunisia (X tons) and Madagascar (X tons), with a combined X% share of total production. Egypt and Zambia lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of frozen eels production, amongst the main producing countries, was attained by Egypt, while frozen eels production for the other leaders experienced more modest paces of growth.

Frozen Eels Exports

Exports in Africa

Frozen eels exports declined dramatically to X tons in 2020, reducing by -X% compared with 2019. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, exports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, frozen eels exports declined to $X in 2020. In general, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Morocco was the key exporter of frozen eels in Africa, with the volume of exports amounting to X tons, which was near X% of total exports in 2020. Tunisia (X tons) took the second position in the ranking, followed by Madagascar (X tons). All these countries together held approx. X% share of total exports. The following exporters - Egypt (X tons) and Zambia (X tons) - each recorded a X% share of total exports.

Exports from Morocco increased at an average annual rate of +X% from 2007 to 2020. At the same time, Egypt (+X%), Tunisia (+X%) and Madagascar (+X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2020. Zambia experienced a relatively flat trend pattern. While the share of Tunisia (+X p.p.), Zambia (+X p.p.) and Egypt (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Morocco (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen eels supplying countries in Africa were Morocco ($X), Madagascar ($X) and Tunisia ($X), with a combined X% share of total exports. Egypt and Zambia lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the frozen eels export price in Africa amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. The level of export peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Madagascar ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Zambia, while the other leaders experienced a decline in the export price figures.

Frozen Eels Imports

Imports in Africa

In 2020, purchases abroad of frozen eels was finally on the rise to reach X tons after four years of decline. Overall, imports recorded notable growth. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. The volume of import peaked at X tons in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen eels imports contracted rapidly to $X in 2020. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Mozambique was the key importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Democratic Republic of the Congo (X tons) and South Africa (X tons), together constituting a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen eels imports into Mozambique stood at +X%. At the same time, South Africa (+X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2020. By contrast, Democratic Republic of the Congo (-X%) illustrated a downward trend over the same period. Democratic Republic of the Congo (+X p.p.) and South Africa (+X p.p.) significantly strengthened its position in terms of the total imports, while Mozambique saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Mozambique ($X) constitutes the largest market for imported frozen eels in Africa, comprising X% of total imports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total imports.

In Mozambique, frozen eels imports shrank by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: South Africa (-X% per year) and Democratic Republic of the Congo (-X% per year).

Import Prices by Country

The frozen eels import price in Africa stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2016 to 2020, the growth in terms of the import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was South Africa ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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