Western Africa: Frozen Cuttlefishes Market 2025

Frozen Cuttlefishes Market Size in Western Africa

The West African frozen cuttlefishes market rose markedly to $X in 2021, picking up by 8.3% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +46.6% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Frozen Cuttlefishes Production in Western Africa

In value terms, frozen cuttlefishes production stood at $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.5% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 26%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Frozen Cuttlefishes Exports

Exports in Western Africa

Frozen cuttlefishes exports reduced rapidly to X tons in 2021, dropping by -16.6% on the year before. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 244%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports dropped slightly to $X in 2021. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 219% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Mauritania (X tons) and Senegal (X tons), together finishing at 99% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mauritania (with a CAGR of +23.5%).

In value terms, Mauritania ($X) and Senegal ($X) were the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Mauritania, with a CAGR of +25.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, with an increase of 17% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Senegal ($X per ton), while Mauritania stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (+1.2%).

Frozen Cuttlefishes Imports

Imports in Western Africa

In 2021, frozen cuttlefishes imports in Western Africa amounted to X tons, growing by 9.4% against the previous year's figure. Over the period under review, imports posted a temperate increase. The pace of growth was the most pronounced in 2019 when imports increased by 185% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, frozen cuttlefishes imports declined to $X in 2021. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 281%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Senegal prevails in imports structure, reaching X tons, which was near 88% of total imports in 2021. It was distantly followed by Mauritania (X tons), creating a 4.9% share of total imports. The following importers - Mali (X tons) and Cabo Verde (X tons) - each reached a 3.5% share of total imports.

Senegal was also the fastest-growing in terms of the frozen cuttlefishes imports, with a CAGR of +9.2% from 2012 to 2021. At the same time, Mauritania (+7.1%) displayed positive paces of growth. By contrast, Mali (-1.3%) and Cabo Verde (-23.0%) illustrated a downward trend over the same period. While the share of Senegal (+34 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Cabo Verde (-20 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported frozen cuttlefishes in Western Africa, comprising 85% of total imports. The second position in the ranking was taken by Mauritania ($X), with an 8.7% share of total imports. It was followed by Cabo Verde, with a 2.2% share.

In Senegal, frozen cuttlefishes imports expanded at an average annual rate of +13.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Mauritania (+14.1% per year) and Cabo Verde (-20.5% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, dropping by -19.1% against the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen cuttlefishes import price decreased by -33.7% against 2019 indices. The pace of growth was the most pronounced in 2019 when the import price increased by 34%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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