Africa: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in Africa

The African frozen fish fillet market fell notably to $X in 2022, shrinking by -49.9% against the previous year. Over the period under review, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Fish Fillet Production in Africa

In value terms, frozen fish fillet production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Frozen Fish Fillet Exports

Exports in Africa

In 2022, approx. X tons of frozen fish fillet were exported in Africa; jumping by 27% on the previous year's figure. The total export volume increased at an average annual rate of +5.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish fillet exports skyrocketed to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Namibia was the key exporting country with an export of around X tons, which recorded 64% of total exports. South Africa (X tons) held the second position in the ranking, distantly followed by Tanzania (X tons). All these countries together held near 22% share of total exports. Uganda (X tons), Kenya (X tons), Ghana (X tons) and Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to frozen fish fillet exports from Namibia stood at +9.3%. At the same time, Ghana (+18.4%), Senegal (+10.1%), Uganda (+5.1%) and South Africa (+4.4%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of +18.4% from 2012-2022. Kenya experienced a relatively flat trend pattern. By contrast, Tanzania (-7.2%) illustrated a downward trend over the same period. While the share of Namibia (+20 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kenya (-1.9 p.p.) and Tanzania (-14.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Namibia ($X) remains the largest frozen fish fillet supplier in Africa, comprising 61% of total exports. The second position in the ranking was held by South Africa ($X), with a 16% share of total exports. It was followed by Tanzania, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value in Namibia totaled +10.5%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (+3.8% per year) and Tanzania (-7.2% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, picking up by 4.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 16%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Uganda ($X per ton) and Senegal ($X per ton), while Namibia ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+1.2%), while the other leaders experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports in Africa

In 2022, imports of frozen fish fillet in Africa rose remarkably to X tons, picking up by 9.9% on 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 92%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish fillet imports soared to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 62% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) and Egypt (X tons) were the main importers of frozen fish fillet in Africa, together reaching approx. 56% of total imports. It was distantly followed by Rwanda (X tons), Algeria (X tons) and Morocco (X tons), together creating a 15% share of total imports. Mali (X tons), Mauritius (X tons), Democratic Republic of the Congo (X tons), Kenya (X tons), Libya (X tons), Nigeria (X tons) and Angola (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of +65.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Algeria ($X) were the countries with the highest levels of imports in 2022, together accounting for 67% of total imports. Mauritius, Rwanda, Morocco, Libya, Angola, Mali, Democratic Republic of the Congo, Nigeria and Kenya lagged somewhat behind, together accounting for a further 20%.

Mali, with a CAGR of +73.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, increasing by 8.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 when the import price increased by 13% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Kenya ($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 (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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