Africa: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Africa

The African preserved mackerel market amounted to $X in 2023, stabilizing at the previous year. The market 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 throughout the analyzed period. The level of consumption peaked in 2023 and is likely to continue growth in years to come.

Preserved Mackerel Production in Africa

In value terms, preserved mackerel production dropped slightly 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; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Preserved Mackerel Exports

Exports in Africa

In 2023, approx. X tons of mackerel (prepared or preserved) were exported in Africa; shrinking by X% on the previous year's figure. Overall, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, preserved mackerel exports reduced to $X in 2023. Over the period under review, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Morocco (X tons) was the major exporter of mackerel (prepared or preserved) in Africa, generating X% of total export.

Morocco was also the fastest-growing in terms of the mackerel (prepared or preserved) exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Morocco increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) also remains the largest preserved mackerel supplier in Africa.

In Morocco, preserved mackerel exports contracted by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, rising by 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 2016 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Morocco.

From 2012 to 2023, the rate of growth in terms of prices for Morocco amounted to X% per year.

Preserved Mackerel Imports

Imports in Africa

In 2023, the amount of mackerel (prepared or preserved) imported in Africa declined markedly to X tons, dropping by X% compared with 2022. Over the period under review, imports showed a mild downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, preserved mackerel imports declined to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ghana prevails in imports structure, accounting for X tons, which was near X% of total imports in 2023. Gabon (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritius (X%), Sierra Leone (X%) and Nigeria (X%). South Africa (X tons) and Togo (X tons) followed a long way behind the leaders.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2023. At the same time, Sierra Leone (X%), Togo (X%), Gabon (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Nigeria (X%) and South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana, Sierra Leone, Gabon and Mauritius 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, Ghana ($X) constitutes the largest market for imported mackerel (prepared or preserved) in Africa, comprising X% of total imports. The second position in the ranking was held by Sierra Leone ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

In Ghana, preserved mackerel imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Sierra Leone (X% per year) and Mauritius (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, surging by X% against the previous year. Import price indicated a slight increase from 2012 to 2023: its price 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, preserved mackerel import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2023, the 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 ($X per ton), while Nigeria ($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 more modest paces of growth.

Source: IndexBox Platform