ECOWAS: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in ECOWAS

The ECOWAS crabs, not frozen market rose slightly to $X in 2022, increasing by 2% against the previous year. Overall, consumption showed a significant increase. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Crabs, Not Frozen Production in ECOWAS

In value terms, crabs, not frozen production expanded modestly to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 -3.1% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 23%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Crabs, Not Frozen Exports

Exports in ECOWAS

In 2022, overseas shipments of crabs, not frozen decreased by -5.3% to X kg, falling for the third consecutive year after two years of growth. In general, exports showed a sharp decline. The most prominent rate of growth was recorded in 2014 with an increase of 271%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crabs, not frozen exports rose remarkably to $X in 2022. Overall, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 74% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of crabs, not frozen, namely Senegal, represented more than two-thirds of total export.

Senegal was also the fastest-growing in terms of the crabs, not frozen exports, with a CAGR of +9.4% from 2012 to 2022. From 2012 to 2022, the share of Senegal increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) also remains the largest crabs, not frozen supplier in ECOWAS.

In Senegal, crabs, not frozen exports plunged by an average annual rate of -6.9% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, increasing by 11% against the previous year. In general, the export price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2013 an increase of 139%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2022, the rate of growth in terms of prices for Senegal amounted to -14.9% per year.

Crabs, Not Frozen Imports

Imports in ECOWAS

Crabs, not frozen imports reduced markedly to X kg in 2022, shrinking by -28.8% on 2021. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 680%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, crabs, not frozen imports dropped notably to $X in 2022. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 279% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Ghana represented the key importer of crabs, not frozen in ECOWAS, with the volume of imports finishing at X kg, which was near 53% of total imports in 2022. Cabo Verde (X kg) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (17%) and Gambia (9.4%).

From 2012 to 2022, average annual rates of growth with regard to crabs, not frozen imports into Ghana stood at +8.1%. At the same time, Cote d'Ivoire (+11.4%) and Cabo Verde (+2.6%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +11.4% from 2012-2022. By contrast, Gambia (-21.4%) illustrated a downward trend over the same period. While the share of Ghana (+38 p.p.), Cote d'Ivoire (+13 p.p.) and Cabo Verde (+11 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Gambia (-53.5 p.p.) displayed negative dynamics.

In value terms, the largest crabs, not frozen importing markets in ECOWAS were Cabo Verde ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined 99% share of total imports.

Cote d'Ivoire, with a CAGR of +21.1%, saw the highest rates of growth with regard to 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 ECOWAS amounted to $X per ton, waning by -10.5% against the previous year. Overall, the import price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when the import price increased by 86% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Gambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cabo Verde (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform