Africa: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Africa

The African frozen crustaceans market contracted modestly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Frozen Crustaceans Production in Africa

In value terms, frozen crustaceans production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% 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 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Frozen Crustaceans Exports

Exports in Africa

In 2022, the amount of frozen crustaceans exported in Africa surged to X tons, rising by X% on 2021 figures. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen crustaceans exports surged to $X in 2022. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons), Tunisia (X tons), Senegal (X tons), Madagascar (X tons), Egypt (X tons), Angola (X tons), Morocco (X tons) and Namibia (X tons) represented roughly X% of total exports in 2022. Mauritania (X tons) held a little share of total exports.

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

In value terms, Nigeria ($X), Morocco ($X) and Madagascar ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Senegal, Tunisia, Angola, Namibia, Egypt and Mauritania lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Angola, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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, which is down by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

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 Morocco ($X per ton), while Egypt ($X per ton) was amongst the lowest.

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

Frozen Crustaceans Imports

Imports in Africa

In 2022, approx. X tons of frozen crustaceans were imported in Africa; falling by X% on 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, frozen crustaceans imports rose sharply to $X in 2022. Total imports indicated moderate 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Morocco (X tons) and Egypt (X tons) represented roughly X% of total imports in 2022. South Africa (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritius (X%). Namibia (X tons) followed a long way behind the leaders.

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

In value terms, Egypt ($X) constitutes the largest market for imported frozen crustaceans in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Egypt stood at X%. In the other countries, the average annual rates were as follows: Morocco (X% per year) and South Africa (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Egypt ($X per ton), while Morocco ($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.

Source: IndexBox Platform

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