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Report Western Africa - Caviar (Sturgeon) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Caviar (Sturgeon) - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in Western Africa

In 2021, after nine years of growth, there was decline in the West African caviar (sturgeon) market, when its value decreased by -1.3% to $X. Overall, consumption continues to indicate a resilient increase. The level of consumption peaked at $X in 2020, and then reduced slightly in the following year.

Caviar (Sturgeon) Production in Western Africa

In value terms, caviar (sturgeon) production fell modestly to $X in 2021 estimated in export price. In general, production recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 36%. Over the period under review, production reached the maximum level at $X in 2020, and then fell modestly in the following year.

Caviar (Sturgeon) Exports

Exports in Western Africa

In 2021, the amount of caviar (sturgeon) exported in Western Africa was estimated at X kg, remaining stable against the previous year. In general, exports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 275% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, caviar (sturgeon) exports stood at $X in 2021. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 354%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Cote d'Ivoire (X kg), together reaching 100% of total export.

Cote d'Ivoire was also the fastest-growing in terms of the caviar (sturgeon) exports, with a CAGR of +25.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest caviar (sturgeon) supplier in Western Africa.

In Cote d'Ivoire, caviar (sturgeon) exports expanded at an average annual rate of +35.2% over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the export price recorded a buoyant increase. The growth pace was the most rapid in 2019 when the export price increased by 112%. The level of export peaked in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2021, the rate of growth in terms of prices for Cote d'Ivoire amounted to +8.1% per year.

Caviar (Sturgeon) Imports

Imports in Western Africa

Caviar (sturgeon) imports skyrocketed to X kg in 2021, picking up by 463% compared with 2020 figures. In general, imports, however, saw a pronounced slump. The volume of import peaked at X kg in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, caviar (sturgeon) imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep contraction. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Nigeria was the largest importer of caviar (sturgeon) in Western Africa, with the volume of imports reaching X kg, which was approx. 51% of total imports in 2021. Senegal (X kg) ranks second in terms of the total imports with a 33% share, followed by Cabo Verde (10%) and Cote d'Ivoire (5.9%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Senegal (with a CAGR of +38.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (sturgeon) importing markets in Western Africa were Senegal ($X), Nigeria ($X) and Cabo Verde ($X), with a combined 93% share of total imports.

In terms of the main importing countries, Senegal, with a CAGR of +38.7%, saw 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 Western Africa amounted to $X per ton, falling by -17.8% against the previous year. Overall, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of 74% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cabo Verde ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Cote d'Ivoire constituted the country with the largest volume of caviar sturgeon) consumption, accounting for 74% of total volume. Moreover, caviar sturgeon) consumption in Cote d'Ivoire exceeded the figures recorded by the second-largest consumer, Nigeria, fivefold. The third position in this ranking was occupied by Cabo Verde, with a 3.5% share.
The country with the largest volume of caviar sturgeon) production was Sierra Leone, accounting for 75% of total volume. Moreover, caviar sturgeon) production in Sierra Leone exceeded the figures recorded by the second-largest producer, Mauritania, threefold.
In value terms, Cote d'Ivoire remains the largest caviar sturgeon) supplier in Western Africa.
In value terms, Cote d'Ivoire constitutes the largest market for imported caviar sturgeon) in Western Africa, comprising 88% of total imports. The second position in the ranking was occupied by Nigeria, with a 5.7% share of total imports. It was followed by Cabo Verde, with a 2.4% share.
In 2020, the caviar sturgeon) export price in Western Africa amounted to $485,250 per ton, picking up by 13% against the previous year.
In 2020, the caviar sturgeon) import price in Western Africa amounted to $436,844 per ton, increasing by 57% against the previous year.

This report provides an in-depth analysis of the caviar (sturgeon) market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10202630 - Caviar (sturgeon roe)

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo
  • Cote d'Ivoire

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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