Cote d'Ivoire: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Cote d'Ivoire

In 2022, after two years of growth, there was decline in the Cote d'Ivoire's frozen fish and seafood market, when its value decreased by X% to $X. Overall, consumption, however, saw a remarkable increase. Frozen fish and seafood consumption peaked at $X in 2021, and then fell in the following year.

Production of Frozen Fish And Seafood in Cote d'Ivoire

In value terms, frozen fish and seafood production expanded sharply to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Frozen Fish And Seafood

Exports from Cote d'Ivoire

Frozen fish and seafood exports from Cote d'Ivoire shrank dramatically to X tons in 2022, with a decrease of X% on the previous year. In general, exports, however, saw strong growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports shrank sharply to $X in 2022. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), Mali (X tons) and Burkina Faso (X tons) were the main destinations of frozen fish and seafood exports from Cote d'Ivoire, together accounting for X% of total exports.

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

In value terms, China ($X), Free Zones ($X) and France ($X) appeared to be the largest markets for frozen fish and seafood exported from Cote d'Ivoire worldwide, together comprising X% of total exports. Mali, Burkina Faso and Singapore lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Burkina Faso ($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 France (X%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Fish And Seafood

Imports into Cote d'Ivoire

In 2022, after two years of growth, there was decline in purchases abroad of frozen fish and seafood, when their volume decreased by X% to X tons. In general, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced slightly in the following year.

In value terms, frozen fish and seafood imports fell slightly to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

Senegal (X tons), Mauritania (X tons) and Chile (X tons) were the main suppliers of frozen fish and seafood imports to Cote d'Ivoire, with a combined X% share of total imports.

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

In value terms, the largest frozen fish and seafood suppliers to Cote d'Ivoire were Senegal ($X), Chile ($X) and Mauritania ($X), with a combined X% share of total imports.

Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fish and seafood import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Angola ($X per ton), while the price for Belize ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform