Africa: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in Africa

In 2020, the African bigeye tuna market decreased by -X% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, posted measured growth. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Bigeye Tuna Production in Africa

In value terms, bigeye tuna production fell to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X, and then contracted in the following year.

Production By Country in Africa

The country with the largest volume of bigeye tuna production was Senegal (X tons), comprising approx. X% of total volume. Moreover, bigeye tuna production in Senegal exceeded the figures recorded by the second-largest producer, Ghana (X tons), threefold. Tanzania (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Senegal amounted to +X%. In the other countries, the average annual rates were as follows: Ghana (+X% per year) and Tanzania (+X% per year).

Bigeye Tuna Exports

Exports in Africa

In 2020, the amount of bigeye tuna exported in Africa declined sharply to X tons, shrinking by -X% against the previous year's figure. Over the period under review, exports, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, bigeye tuna exports reduced sharply to $X in 2020. In general, exports, however, posted pronounced growth. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. from 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

In 2020, Cabo Verde (X tons), distantly followed by Cote d'Ivoire (X tons), Tanzania (X tons), Ghana (X tons), Mauritius (X tons) and Senegal (X tons) were the main exporters of bigeye tuna, together generating X% of total exports. Namibia (X tons) held a minor share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cabo Verde, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest bigeye tuna supplying countries in Africa were Tanzania ($X), Cabo Verde ($X) and Cote d'Ivoire ($X), together accounting for X% of total exports.

Cabo Verde 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 bigeye tuna export price in Africa stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the export price increased by X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Tanzania ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire, while the other leaders experienced a decline in the export price figures.

Bigeye Tuna Imports

Imports in Africa

Bigeye tuna imports reduced sharply to X tons in 2020, with a decrease of -X% compared with the previous year. Total imports indicated pronounced growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, bigeye tuna imports fell dramatically to $X in 2020. Over the period under review, imports, however, continue to indicate a pronounced expansion. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Mauritius represented the largest importer of bigeye tuna in Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2020. Seychelles (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Cabo Verde (X%), Morocco (X%), Madagascar (X%), Cote d'Ivoire (X%) and Ghana (X%).

Imports into Mauritius increased at an average annual rate of +X% from 2007 to 2020. At the same time, Cabo Verde (+X%), Morocco (+X%), Cote d'Ivoire (+X%) and Madagascar (+X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2020. By contrast, Ghana (-X%) and Seychelles (-X%) illustrated a downward trend over the same period. Cabo Verde (+X p.p.), Mauritius (+X p.p.) and Morocco (+X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Seychelles saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritius ($X) constitutes the largest market for imported bigeye tuna in Africa, comprising X% of total imports. The second position in the ranking was occupied by Cabo Verde ($X), with a X% share of total imports. It was followed by Seychelles, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Mauritius amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Cabo Verde (+X% per year) and Seychelles (-X% per year).

Import Prices by Country

In 2020, the bigeye tuna import price in Africa amounted to $X per ton, almost unchanged from the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. The level of import peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Cabo Verde ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mauritius, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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