Cameroon: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Cameroon

The Cameroonian frozen fish and seafood market rose sharply to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Frozen fish and seafood consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Frozen Fish And Seafood in Cameroon

In value terms, frozen fish and seafood production stood at $X in 2022 estimated in export price. Overall, the total production indicated buoyant 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 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Fish And Seafood

Exports from Cameroon

In 2022, after three years of decline, there was growth in overseas shipments of frozen fish and seafood, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a deep slump. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports shrank to $X in 2022. Overall, exports showed noticeable growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Central African Republic (X tons) was the main destination for frozen fish and seafood exports from Cameroon, accounting for a X% share of total exports. Moreover, frozen fish and seafood exports to Central African Republic exceeded the volume sent to the second major destination, Malaysia (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Central African Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for frozen fish and seafood exported from Cameroon were Central African Republic ($X), Malaysia ($X) and the Netherlands ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average frozen fish and seafood export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, posted a buoyant expansion. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Central African Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports into Cameroon

In 2022, the amount of frozen fish and seafood imported into Cameroon expanded rapidly to X tons, picking up by X% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish and seafood imports soared to $X in 2022. In general, imports, however, showed a mild setback. 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 in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of frozen fish and seafood to Cameroon, accounting for a X% share of total imports. It was followed by Senegal (X tons), with less than X% share of total imports. The third position in this ranking was taken by Ireland (X kg), with less than X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Ireland (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of frozen fish and seafood to Cameroon, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with less than X% share of total imports. It was followed by China, with less than X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (X% per year) and China (X% per year).

Import Prices by Country

The average frozen fish and seafood import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a slight descent. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform