Western Africa: Market for Herring, Salted Or In Brine 2025

Market Size for Herring, Salted Or In Brine in Western Africa

The West African market for herring, salted or in brine fell modestly to $X in 2022, remaining stable against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.5% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Herring, Salted Or In Brine in Western Africa

In value terms, herring, salted or in brine production contracted modestly to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 23%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Herring, Salted Or In Brine

Exports in Western Africa

After three years of growth, shipments abroad of herring, salted or in brine decreased by -12.6% to X kg in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 16,104% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, herring, salted or in brine exports dropped to $X in 2022. Overall, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 2,570%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Ghana (X kg) was the major exporter of herring, salted or in brine in Western Africa, constituting 100% of total export.

Ghana was also the fastest-growing in terms of the herring, salted or in brine exports, with a CAGR of -14.4% from 2012 to 2022. While the share of Ghana (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest herring, salted or in brine supplier in Western Africa.

In Ghana, herring, salted or in brine exports contracted by an average annual rate of -12.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, with an increase of 7.2% against the previous year. In general, the export price enjoyed a slight increase. The most prominent rate of growth was recorded in 2018 an increase of 870%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +2.5% per year.

Imports of Herring, Salted Or In Brine

Imports in Western Africa

In 2022, herring, salted or in brine imports in Western Africa fell to X tons, with a decrease of -9.8% against the previous year. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 876%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, herring, salted or in brine imports contracted markedly to $X in 2022. In general, imports showed a perceptible decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 430% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Cabo Verde prevails in imports structure, resulting at X tons, which was near 95% of total imports in 2022. The following importers - Liberia (X kg) and Cote d'Ivoire (X kg) - each finished at a 5.2% share of total imports.

Cabo Verde was also the fastest-growing in terms of the herring, salted or in brine imports, with a CAGR of +46.5% from 2012 to 2022. At the same time, Liberia (+6.8%) displayed positive paces of growth. By contrast, Cote d'Ivoire (-11.6%) illustrated a downward trend over the same period. Cabo Verde (+78 p.p.) significantly strengthened its position in terms of the total imports, while Liberia and Cote d'Ivoire saw its share reduced by -8.6% and -67.2% from 2012 to 2022, respectively.

In value terms, Cabo Verde ($X), Cote d'Ivoire ($X) and Liberia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 100% share of total imports.

Among the main importing countries, Cabo Verde, with a CAGR of +31.4%, 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 2022, the import price in Western Africa amounted to $X per ton, reducing by -9.7% against the previous year. Overall, the import price continues to indicate a dramatic descent. The pace of growth appeared the most rapid in 2015 when the import price increased by 63% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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