Africa: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in Africa

The African frozen fish and seafood market reached $X in 2023, remaining stable against the previous year. The total consumption indicated perceptible growth 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, consumption increased by X% against 2016 indices. Over the period under review, the market hit record highs in 2023 and is likely to continue growth in the near future.

Production of Frozen Fish and Seafood in Africa

In value terms, frozen fish and seafood production rose to $X in 2023 estimated in export price. The total production indicated a moderate expansion from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Frozen Fish and Seafood

Exports in Africa

In 2023, exports of frozen fish and seafood in Africa rose modestly to X tons, surging by X% on the year before. The total export 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 in certain years. The most prominent rate of growth was recorded in 2016 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 remained at a lower figure.

In value terms, frozen fish and seafood exports stood at $X in 2023. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Mauritania (X tons), Morocco (X tons), Senegal (X tons) and Namibia (X tons) was the key exporter of frozen fish and seafood in Africa, achieving X% of total export. It was distantly followed by Seychelles (X tons), achieving a X% share of total exports. The following exporters - South Africa (X tons), Tunisia (X tons), Mauritius (X tons), Angola (X tons) and Ghana (X tons) - together made up X% 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 Seychelles (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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, shrinking by X% against the previous year. In general, the export price showed a mild descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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 Tunisia ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Imports of Frozen Fish and Seafood

Imports in Africa

In 2023, imports of frozen fish and seafood in Africa rose modestly to X tons, growing by X% compared with 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; afterwards, it flattened through to 2023.

In value terms, frozen fish and seafood imports shrank slightly to $X in 2023. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a 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) represented the major importers of frozen fish and seafood, together generating 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 Morocco (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen fish and seafood imports into Cote d'Ivoire stood at X%. At the same time, Burkina Faso (X%), Zambia (X%), Mali (X%), Morocco (X%), South Africa (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. Ghana and Mauritius experienced a relatively flat trend pattern. By contrast, Cameroon (X%), Nigeria (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Burkina Faso (X p.p.), Zambia (X p.p.), Mali (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Ghana (X p.p.), Mauritius (X p.p.), Cameroon (X p.p.), Egypt (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen fish and seafood importing markets in Africa were Cote d'Ivoire ($X), Nigeria ($X) and Egypt ($X), with a combined X% share of total imports. Mauritius, Morocco, South Africa, Ghana, Cameroon, Zambia, Democratic Republic of the Congo, Benin, Mali and Burkina Faso lagged somewhat behind, together comprising a further X%.

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

The import price in Africa stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Morocco ($X per ton), while Burkina Faso ($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