Africa: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Africa

The African frozen whole fish market reduced modestly to $X in 2023, approximately mirroring the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Frozen Whole Fish Production in Africa

In value terms, frozen whole fish production contracted to $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

Frozen Whole Fish Exports

Exports in Africa

Frozen whole fish exports expanded modestly to X tons in 2023, growing by X% against the year before. Total exports indicated notable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen whole fish exports expanded sharply to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Mauritania (X tons), Morocco (X tons), Senegal (X tons) and Namibia (X tons), together resulting at X% of total export. It was distantly followed by Seychelles (X tons), constituting a X% share of total exports. Guinea (X tons) and South Africa (X tons) held a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Senegal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Mauritania ($X) and Namibia ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Senegal, Seychelles, South Africa and Guinea lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Senegal, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritania (X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Whole Fish Imports

Imports in Africa

In 2023, supplies from abroad of frozen whole fish increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen whole fish imports declined to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Cote d'Ivoire (X tons), distantly followed by Nigeria (X tons), Burkina Faso (X tons), Ghana (X tons), Egypt (X tons), Cameroon (X tons) and Mauritius (X tons) were the largest importers of frozen whole fish, together mixing up X% of total imports. The following importers - South Africa (X tons), Democratic Republic of the Congo (X tons), Benin (X tons), Zambia (X tons), Mali (X tons) and Togo (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen whole fish imports into Cote d'Ivoire stood at X%. At the same time, Burkina Faso (X%), Zambia (X%), Mali (X%), South Africa (X%), Ghana (X%), Togo (X%), Democratic Republic of the Congo (X%) and Benin (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Egypt experienced a relatively flat trend pattern. By contrast, Cameroon (X%), Mauritius (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Cote d'Ivoire, Burkina Faso, Zambia and Mali increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Egypt ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Mauritius, Ghana, Cameroon, Zambia, South Africa, Democratic Republic of the Congo, Benin, Mali, Togo and Burkina Faso lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Mali, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price showed a noticeable decline. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform