Western Africa: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Western Africa

The West African frozen skipjack tuna market totaled $X in 2020, surging by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. The level of consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Frozen Skipjack Tuna Production in Western Africa

In value terms, frozen skipjack tuna production shrank to $X in 2020 estimated in export prices. The total production indicated a temperate expansion from 2007 to 2020: its value decreased 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. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. from 2019 to 2020, production growth failed to regain the momentum.

Production By Country in Western Africa

The country with the largest volume of frozen skipjack tuna production was Guinea (X tons), accounting for X% of total volume. Moreover, frozen skipjack tuna production in Guinea exceeded the figures recorded by the second-largest producer, Senegal (X tons), fourfold. The third position in this ranking was occupied by Mauritania (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Guinea totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: Senegal (+X% per year) and Mauritania (+X% per year).

Frozen Skipjack Tuna Exports

Exports in Western Africa

In 2020, shipments abroad of frozen skipjack tuna decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, frozen skipjack tuna exports reduced to $X in 2020. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

The biggest shipments were from Cote d'Ivoire (X tons), Ghana (X tons) and Senegal (X tons), together resulting at X% of total export. Liberia (X tons) occupied the next position in the ranking, followed by Mauritania (X tons). All these countries together occupied approx. X% share of total exports.

From 2007 to 2020, the biggest increases were in Liberia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen skipjack tuna supplying countries in Western Africa were Ghana ($X), Cote d'Ivoire ($X) and Senegal ($X), together accounting for X% of total exports. Liberia and Mauritania lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2020, the frozen skipjack tuna export price in Western Africa amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. Over the period under review, export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Ghana ($X per ton) and Liberia ($X per ton), while Senegal ($X per ton) and Mauritania ($X per ton) were amongst the lowest.

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

Frozen Skipjack Tuna Imports

Imports in Western Africa

In 2020, supplies from abroad of frozen skipjack tuna was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. In general, imports, however, saw a deep setback. The volume of import peaked at X tons in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, frozen skipjack tuna imports skyrocketed to $X in 2020. Overall, imports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. The level of import peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Cote d'Ivoire (X tons) was the largest importer of frozen skipjack tuna, creating X% of total imports. Ghana (X tons) took the second position in the ranking, distantly followed by Cabo Verde (X tons). All these countries together occupied approx. X% share of total imports. Senegal (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Cabo Verde, while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest frozen skipjack tuna importing markets in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Cabo Verde ($X), together comprising X% of total imports.

Cabo Verde recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 skipjack tuna import price in Western Africa amounted to $X per ton, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Senegal ($X per ton) and Ghana ($X per ton), while Cabo Verde ($X per ton) and Cote d'Ivoire ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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