Africa: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in Africa

The African frozen fish fillet market expanded rapidly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a noticeable contraction. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Frozen Fish Fillet Production in Africa

In value terms, frozen fish fillet production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Frozen Fish Fillet Exports

Exports in Africa

After three years of growth, overseas shipments of frozen fish fillet decreased by X% to X tons in 2023. Total exports indicated moderate 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 increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, frozen fish fillet exports rose rapidly to $X in 2023. Total exports indicated a noticeable expansion 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

Namibia represented the main exporter of frozen fish fillet in Africa, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. South Africa (X tons) held the second position in the ranking, followed by Tunisia (X tons) and Tanzania (X tons). All these countries together took near X% share of total exports. The following exporters - Morocco (X tons) and Uganda (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to frozen fish fillet exports from Namibia stood at X%. At the same time, Morocco (X%), Tunisia (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Uganda experienced a relatively flat trend pattern. By contrast, Tanzania (X%) illustrated a downward trend over the same period. While the share of Tunisia (X p.p.), Morocco (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Uganda (X p.p.) and Tanzania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Namibia ($X) remains the largest frozen fish fillet supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Tunisia, with an X% share.

In Namibia, frozen fish fillet exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a 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 Uganda ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

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

Frozen Fish Fillet Imports

Imports in Africa

After two years of growth, supplies from abroad of frozen fish fillet decreased by X% to X tons in 2023. Total imports indicated a measured increase from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, frozen fish fillet imports shrank to $X in 2023. Total imports indicated a perceptible 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

South Africa (X tons) and Egypt (X tons) represented the major importers of frozen fish fillet in 2023, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Kenya (X tons) and Morocco (X tons), together comprising an X% share of total imports. The following importers - Rwanda (X tons), Mali (X tons), Algeria (X tons), Mauritius (X tons), Democratic Republic of the Congo (X tons) and Libya (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, Egypt ($X), South Africa ($X) and Mauritius ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Algeria, Morocco, Kenya, Rwanda, Libya, Democratic Republic of the Congo and Mali lagged somewhat behind, together accounting for a further X%.

Mali, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 Africa amounted to $X per ton, approximately reflecting the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices reached 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 Mauritius ($X per ton), while Mali ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform