ECOWAS: Market for Frozen Crabs And Crabs Meat 2025

Market Size for Frozen Crabs And Crabs Meat in ECOWAS

The ECOWAS market for frozen crabs and crabs meat contracted dramatically to $X in 2021, reducing by -70.7% against the previous year. In general, consumption recorded a noticeable contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Frozen Crabs And Crabs Meat in ECOWAS

In value terms, frozen crab and crab meat production dropped to $X in 2021 estimated in export price. The total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.3% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 48%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Frozen Crabs And Crabs Meat

Exports in ECOWAS

In 2021, frozen crab and crab meat exports in ECOWAS surged to X tons, growing by 40% on 2020. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +116.5% against 2018 indices. The pace of growth was the most pronounced in 2019 when exports increased by 81% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, frozen crab and crab meat exports skyrocketed to $X in 2021. In general, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Senegal (X tons) and Nigeria (X tons) represented roughly 81% of total exports in 2021. It was distantly followed by Gambia (X tons), committing an 18% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Gambia (with a CAGR of +101.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen crab and crab meat supplying countries in ECOWAS were Senegal ($X), Nigeria ($X) and Gambia ($X), with a combined 99% share of total exports.

Gambia, with a CAGR of +124.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, increasing by 43% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+11.3%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports in ECOWAS

In 2021, purchases abroad of frozen crabs and crabs meat decreased by -33.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, saw strong growth. The growth pace was the most rapid in 2020 when imports increased by 113%. As a result, imports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, frozen crab and crab meat imports fell markedly to $X in 2021. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 112% against the previous year. The level of import peaked at $X in 2020, and then declined rapidly in the following year.

Imports by Country

Nigeria (X tons) and Guinea (X tons) were the main importers of frozen crabs and crabs meat in 2021, reaching approx. 20% and 20% of total imports, respectively. It was distantly followed by Cote d'Ivoire (X kg), Senegal (X kg), Liberia (X kg), Cabo Verde (X kg) and Burkina Faso (X kg), together making up a 45% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Guinea (with a CAGR of +46.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen crab and crab meat importing markets in ECOWAS were Guinea ($X), Cote d'Ivoire ($X) and Nigeria ($X), with a combined 60% share of total imports.

Among the main importing countries, Guinea, with a CAGR of +53.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, with an increase of 5.9% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 113% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cabo Verde (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform