Africa: Frozen Fish Meat Market 2020

Frozen Fish Meat Market Size in Africa

The revenue of the frozen fish meat market in Africa amounted to $X in 2017, picking up by X% against the previous year. The frozen fish meat consumption continues to indicate an abrupt setback. The most prominent rate of growth was recorded in 2016, when it surged by X% against the previous year. Over the period under review, the frozen fish meat market reached its peak figure level of $X in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Frozen Fish Meat Production in Africa

The frozen fish meat production totaled X tons in 2017, jumping by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016, when the output figure increased by X% year-to-year. Over the period under review, the frozen fish meat production attained its maximum volume in 2017, and is likely to continue its growth in the near future.

Frozen Fish Meat Exports in Africa

In 2017, exports of frozen fish meat without bones (excluding fillets) in Africa totaled X tons, falling by -X% against the previous year. The frozen fish meat exports continue to indicate a strong increase. The growth pace was the most rapid in 2015, when exports increased by X% year-to-year. In that year, the frozen fish meat exports attained their peak volume of X tons. From 2016 to 2017, growth of the frozen fish meat exports stood at a somewhat lower level.

In value terms, frozen fish meat exports amounted to $X in 2017. The frozen fish meat exports continue to indicate a measured growth. In that year, the frozen fish meat exports attained their peak level of $X. From 2016 to 2017, growth of the frozen fish meat exports failed to regain its momentum.

Frozen Fish Meat Exports by Country in Africa

In 2017, Tanzania (X tons) represented the main exporter for frozen fish meat without bones (excluding fillets), committing X% of total exports. Namibia (X tons) ranks second in terms of the global exports with a X% share, followed by South Africa (X%). Mauritius (X tons) took the weak share of total exports.

Exports from Tanzania increased at an average annual rate of +X% from 2007 to 2017. At the same time, Mauritius (+X%) and South Africa (+X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. By contrast, Namibia (-X%) illustrated a downward trend over the same period. While the share of Namibia (X%) increased significantly in terms of the global exports from 2007-2017, the share of Mauritius (-X%), South Africa (-X%) and Tanzania (-X%) displayed negative dynamics.

In value terms, Tanzania ($X) remains the largest frozen fish meat supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by Namibia ($X), with a X% share of global exports. It was followed by South Africa, with a X% share.

In Tanzania, frozen fish meat exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (-X% per year) and South Africa (+X% per year).

Frozen Fish Meat Export Prices by Country in Africa

The frozen fish meat export price in Africa stood at $X per ton in 2017, going up by X% against the previous year. The frozen fish meat export price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2013, when it surged by X% year-to-year. Over the period under review, the export prices for frozen fish meat without bones (excluding fillets) attained its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Tanzania ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Tanzania (-X% per year), while the other leaders experienced a decline in the export price figures.

Frozen Fish Meat Imports in Africa

The imports totaled X tons in 2017, surging by X% against the previous year. The frozen fish meat imports continue to indicate a moderate reduction. The pace of growth was the most pronounced in 2014, with an increase of X% year-to-year. The volume of imports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, frozen fish meat imports totaled $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. In that year, the frozen fish meat imports reached their peak level of $X. From 2015 to 2017, growth of the frozen fish meat imports failed to regain its momentum.

Frozen Fish Meat Imports by Country in Africa

South Africa was the largest importing country with an import of about X tons, which resulted at X% of total imports. Egypt (X tons) ranks second in terms of the global imports with a X% share, followed by Algeria (X%), Mauritius (X%), Mozambique (X%), Angola (X%) and Namibia (X%).

Imports into South Africa increased at an average annual rate of +X% from 2007 to 2017. At the same time, Egypt (+X%) and Namibia (+X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest growing importer in Africa, with a CAGR of +X% from 2007-2017. Angola and Mauritius experienced a relatively flat trend pattern. By contrast, Mozambique (-X%) and Algeria (-X%) illustrated a downward trend over the same period. While the share of Algeria (X%) and Mozambique (X%) increased significantly in terms of the global imports from 2007-2017, the share of Namibia (-X%), Egypt (-X%) and South Africa (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported frozen fish meat without bones (excluding fillets) in Africa, making up X% of global imports. The second position in the ranking was occupied by Algeria ($X), with a X% share of global imports. It was followed by Angola, with a X% share.

From 2007 to 2017, the average annual growth rate of value in South Africa totaled +X%. In the other countries, the average annual rates were as follows: Algeria (-X% per year) and Angola (+X% per year).

Frozen Fish Meat Import Prices by Country in Africa

In 2017, the frozen fish meat import price in Africa amounted to $X per ton, approximately equating the previous year. The import price indicated a prominent expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the frozen fish meat import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% y-o-y. Over the period under review, the import prices for frozen fish meat without bones (excluding fillets) attained its maximum level of $X per ton in 2015; however, from 2016 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was South Africa ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Algeria (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform