Nigeria: Frozen Freshwater Fish Market 2025

Frozen Freshwater Fish Market Size in Nigeria

In 2021, the Nigerien frozen freshwater fish market decreased by -2.1% to $X, falling for the fourth consecutive year after four years of growth. Overall, consumption recorded a perceptible curtailment. Frozen freshwater fish consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Frozen Freshwater Fish Production in Nigeria

In value terms, frozen freshwater fish production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 125% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Frozen Freshwater Fish Exports

Exports from Nigeria

In 2021, the amount of frozen freshwater fish exported from Nigeria fell rapidly to X tons, which is down by -27.5% compared with the previous year. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 36%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, frozen freshwater fish exports expanded significantly to $X in 2021. Overall, exports faced a precipitous curtailment. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons) was the main destination for frozen freshwater fish exports from Nigeria, with a 100% share of total exports. It was followed by the United Arab Emirates (X kg), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-61.6% per year) and Norway (-60.3% per year).

In value terms, Tanzania ($X) emerged as the key foreign market for frozen freshwater fish exports from Nigeria, comprising 99% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 0.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Tanzania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-66.3% per year) and Norway (-55.4% per year).

Export Prices by Country

The average frozen freshwater fish export price stood at $X per ton in 2021, jumping by 45% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of 84% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+12.1%), while the prices for the other major destinations experienced a decline.

Frozen Freshwater Fish Imports

Imports into Nigeria

In 2021, after two years of growth, there was significant decline in overseas purchases of frozen freshwater fish, when their volume decreased by -49.7% to X tons. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 18,773% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, frozen freshwater fish imports dropped rapidly to $X in 2021. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 13,972%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Mauritania (X tons) and Chile (X tons) were the main suppliers of frozen freshwater fish imports to Nigeria, together accounting for 42% of total imports. These countries were followed by Ecuador, Norway, Faroe Islands, Argentina, the United States, the Netherlands, Canada, Peru, Russia and Japan, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +353.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mauritania ($X) and Chile ($X) were the largest frozen freshwater fish suppliers to Nigeria, with a combined 46% share of total imports. Faroe Islands, Argentina, Norway, the Netherlands, Ecuador, the United States, Russia, Japan, Canada and Peru lagged somewhat behind, together comprising a further 26%.

Among the main suppliers, Ecuador, with a CAGR of +258.5%, 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 average frozen freshwater fish import price amounted to $X per ton, growing by 54% against the previous year. In general, the import price, however, faced a abrupt downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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