Western Africa: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Western Africa

After five years of growth, the West African frozen salmonoids market decreased by -X% to $X in 2020. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of consumption peaked at $X in 2019, and then reduced dramatically in the following year.

Frozen Salmonoids Production in Western Africa

In value terms, frozen salmonoids production contracted modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Production By Country in Western Africa

The countries with the highest volumes of frozen salmonoids production in 2020 were Mauritania (X tons) and Guinea-Bissau (X tons).

From 2007 to 2020, the biggest increases were in Mauritania.

Frozen Salmonoids Exports

Exports in Western Africa

In 2020, the amount of frozen salmonoids exported in Western Africa amounted to X tons, with an increase of X% on the previous year. Total exports indicated a notable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. The volume of export peaked at X tons in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, frozen salmonoids exports rose notably to $X in 2020. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Mauritania (X tons) represented the key exporter of frozen salmonoids, creating X% of total exports. It was distantly followed by Guinea-Bissau (X tons), mixing up a X% share of total exports.

Mauritania was also the fastest-growing in terms of the frozen salmonoids exports, with a CAGR of +X% from 2007 to 2020. Guinea-Bissau (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Mauritania increased by +X% percentage points, while Guinea-Bissau (-X p.p.) saw their share reduced.

In value terms, Mauritania ($X) remains the largest frozen salmonoids supplier in Western Africa, comprising X% of total exports. The second position in the ranking was occupied by Guinea-Bissau ($X), with a X% share of total exports.

In Mauritania, frozen salmonoids exports increased at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

In 2020, the frozen salmonoids export price in Western Africa amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price, however, saw a slight expansion. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Mauritania ($X per ton), while Guinea-Bissau totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Guinea-Bissau.

Frozen Salmonoids Imports

Imports in Western Africa

In 2020, after three years of growth, there was significant decline in supplies from abroad of frozen salmonoids, when their volume decreased by -X% to X tons. In general, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2019, and then dropped sharply in the following year.

In value terms, frozen salmonoids imports fell remarkably to $X in 2020. Over the period under review, imports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Togo (X tons) and Mali (X tons) prevails in frozen salmonoids imports structure, together achieving X% of total imports. Liberia (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Liberia, while imports for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Mali ($X) and Liberia ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of total imports.

Among the main importing countries, Liberia saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the frozen salmonoids import price in Western Africa amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2016 to 2020, the growth in terms of the import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was Liberia ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mali, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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