ECOWAS: Market for Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine 2024

Market Size for Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine in ECOWAS

The ECOWAS market for prepared or preserved fish and dishes other than dried, smoked, salted or in brine rose markedly to $X in 2023, surging by X% against the previous year. Overall, consumption saw a prominent increase. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine in ECOWAS

In value terms, production of prepared or preserved fish and dishes other than dried, smoked, salted or in brine expanded sharply to $X in 2023 estimated in export price. Over the period under review, production recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine

Exports in ECOWAS

In 2023, shipments abroad of prepared or preserved fish and dishes other than dried, smoked, salted or in brine decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of prepared or preserved fish and dishes other than dried, smoked, salted or in brine fell to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2022, and then dropped in the following year.

Exports by Country

Ghana was the major exporter of prepared or preserved fish and dishes other than dried, smoked, salted or in brine in ECOWAS, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. Cote d'Ivoire (X tons) ranks second in terms of the total exports with a X% share, followed by Senegal (X%).

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 a decline in the exports figures.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Senegal ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Imports of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine

Imports in ECOWAS

In 2023, the amount of prepared or preserved fish and dishes other than dried, smoked, salted or in brine imported in ECOWAS rose to X tons, picking up by X% on the year before. Overall, imports posted resilient growth. The growth pace was the most rapid in 2020 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, imports of prepared or preserved fish and dishes other than dried, smoked, salted or in brine totaled $X in 2023. Over the period under review, imports posted buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, Ghana (X tons) and Cote d'Ivoire (X tons) represented the main importers of prepared or preserved fish and dishes other than dried, smoked, salted or in brine in ECOWAS, together reaching approx. X% of total imports. It was distantly followed by Mali (X tons), constituting a X% share of total imports. The following importers - Guinea (X tons), Togo (X tons), Niger (X tons), Sierra Leone (X tons), Nigeria (X tons), Cabo Verde (X tons), Senegal (X tons), Burkina Faso (X tons) and Gambia (X tons) - together made up X% of total imports.

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

In value terms, the largest prepared or preserved fish and dishes importing markets in ECOWAS were Ghana ($X), Cote d'Ivoire ($X) and Mali ($X), together accounting for X% of total imports.

Among the main importing countries, Mali, with a CAGR of X%, recorded 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

In 2023, the import price in ECOWAS amounted to $X per ton, stabilizing at the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cabo Verde (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform