Western Africa: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Western Africa

In 2021, the West African meat and fish extracts market increased by 0.7% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a slight setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Western Africa

In value terms, meat and fish extracts production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 20%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports in Western Africa

In 2021, shipments abroad of extracts and juices of meat, fish, crustaceans and molluscs decreased by -19.7% to X kg, falling for the second consecutive year after two years of growth. In general, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2019 when exports increased by 121% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, meat and fish extracts exports rose to $X in 2021. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 214%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the two major exporters of extracts and juices of meat, fish, crustaceans and molluscs, namely Ghana and Nigeria, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of -10.7%).

In value terms, Nigeria ($X) remains the largest meat and fish extracts supplier in Western Africa, comprising 94% of total exports. The second position in the ranking was taken by Ghana ($X), with a 6.1% share of total exports.

In Nigeria, meat and fish extracts exports expanded at an average annual rate of +24.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, jumping by 28% against the previous year. Overall, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 an increase of 120%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Ghana amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+38.8%).

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports in Western Africa

In 2021, purchases abroad of extracts and juices of meat, fish, crustaceans and molluscs was finally on the rise to reach X tons after two years of decline. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 160% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, meat and fish extracts imports amounted to $X in 2021. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 409% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Togo (X tons), Senegal (X tons), Ghana (X tons) and Niger (X tons) represented the largest importer of extracts and juices of meat, fish, crustaceans and molluscs in Western Africa, generating 83% of total import. It was distantly followed by Nigeria (X tons), achieving a 9.7% share of total imports. The following importers - Cote d'Ivoire (X kg) and Cabo Verde (X kg) - together made up 5.2% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Togo (with a CAGR of +78.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X) constitutes the largest market for imported extracts and juices of meat, fish, crustaceans and molluscs in Western Africa, comprising 62% of total imports. The second position in the ranking was taken by Senegal ($X), with a 15% share of total imports. It was followed by Ghana, with a 6.9% share.

In Togo, meat and fish extracts imports increased at an average annual rate of +105.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Senegal (+23.3% per year) and Ghana (+44.4% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, rising by 5.3% against the previous year. In general, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2018 an increase of 96% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

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 Togo ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cabo Verde (+15.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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