Africa: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Africa

For the seventh year in a row, the African frozen whole fish market recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated tangible growth 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, consumption increased by X% against 2016 indices. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the immediate term.

Frozen Whole Fish Production in Africa

In value terms, frozen whole fish production reached $X in 2023 estimated in export price. The total production indicated resilient growth 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 was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Frozen Whole Fish Exports

Exports in Africa

In 2023, the amount of frozen whole fish exported in Africa amounted to X tons, with an increase of X% on the previous year. 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, frozen whole fish exports rose markedly to $X in 2023. The total export value 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 most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Mauritania (X tons), Morocco (X tons), Senegal (X tons) and Namibia (X tons), together finishing at X% of total export. It was distantly followed by Seychelles (X tons), comprising a X% share of total exports. South Africa (X tons) and Mauritius (X tons) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for 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, together comprising X% of total exports. Senegal, Seychelles, South Africa and Mauritius lagged somewhat behind, together comprising a further X%.

Among 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. Overall, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 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 Mauritius ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

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

Frozen Whole Fish Imports

Imports in Africa

In 2023, approx. X tons of frozen whole fish were imported in Africa; growing by X% against the previous year's figure. 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 pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen whole fish imports shrank slightly to $X in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021; however, from 2022 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 major importers of frozen whole fish, together mixing up X% of total imports. South Africa (X tons), Democratic Republic of the Congo (X tons), Benin (X tons), Zambia (X tons), Mali (X tons) and Togo (X tons) took a minor share of total imports.

Imports into Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2023. At the same time, Burkina Faso (X%), Zambia (X%), Mali (X%), South Africa (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. Ghana experienced a relatively flat trend pattern. By contrast, Mauritius (X%), 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.) and Mali (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, Cote d'Ivoire ($X), Nigeria ($X) and Egypt ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Mauritius, Ghana, Cameroon, Zambia, South Africa, Democratic Republic of the Congo, Benin, Mali, Togo and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Mali, with a CAGR of X%, recorded the highest rates of growth with regard to 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, waning by X% against the previous year. Overall, the import price saw a noticeable slump. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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