Africa: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Africa

In 2022, the African frozen fish and seafood market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then declined slightly in the following year.

Production of Frozen Fish And Seafood in Africa

In value terms, frozen fish and seafood production shrank to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Frozen Fish And Seafood

Exports in Africa

In 2022, after two years of decline, there was significant growth in overseas shipments of frozen fish and seafood, when their volume increased by X% to X tons. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, frozen fish and seafood exports reached $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Mauritania (X tons) and Morocco (X tons) represented roughly X% of total exports in 2022. Senegal (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Namibia (X%) and Seychelles (X%). The following exporters - South Africa (X tons) and Guinea-Bissau (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Seychelles (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Mauritania ($X) and Namibia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Senegal, South Africa, Seychelles and Guinea-Bissau lagged somewhat behind, together accounting for a further X%.

Guinea-Bissau, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 2022, the export price in Africa amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a slight setback. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Guinea-Bissau ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Imports of Frozen Fish And Seafood

Imports in Africa

After three years of decline, supplies from abroad of frozen fish and seafood increased by X% to X tons in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish and seafood imports expanded modestly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Cote d'Ivoire (X tons), distantly followed by Nigeria (X tons), Egypt (X tons), Ghana (X tons), South Africa (X tons), Cameroon (X tons), Democratic Republic of the Congo (X tons) and Burkina Faso (X tons) represented the largest importers of frozen fish and seafood, together achieving X% of total imports. The following importers - Mauritius (X tons), Benin (X tons), Zambia (X tons), Mali (X tons) and Seychelles (X tons) - together made up X% of total imports.

Imports into Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%), Benin (X%), Mali (X%), Burkina Faso (X%), South Africa (X%), Democratic Republic of the Congo (X%) and Seychelles (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Cameroon and Ghana experienced a relatively flat trend pattern. By contrast, Mauritius (X%), Egypt (X%) and Nigeria (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Burkina Faso (X p.p.), South Africa (X p.p.), Benin (X p.p.), Zambia (X p.p.), Democratic Republic of the Congo (X p.p.) and Mali (X p.p.) significantly strengthened its position in terms of the total imports, while Cameroon, Mauritius, Ghana, Egypt and Nigeria saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Egypt ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. South Africa, Mauritius, Ghana, Cameroon, Zambia, Seychelles, Benin, Democratic Republic of the Congo, Mali and Burkina Faso lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Mali, with a CAGR of X%, saw 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 2022, approximately mirroring the previous year. In general, the import price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :