Africa: Market for Flours, Meals And Pellets Of Fish 2023

Market Size for Flours, Meals And Pellets Of Fish in Africa

The African fish meals and pellet market surged to $X in 2021, picking up by 43% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish in Africa

In value terms, fish meals and pellet production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish

Exports in Africa

In 2021, overseas shipments of flours, meals and pellets of fish were finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by 126% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fish meals and pellet exports fell markedly to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by 51%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa represented the main exporting country with an export of around X tons, which finished at 64% of total exports. Angola (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (8.9%). Botswana (X tons), Kenya (X tons), Namibia (X tons) and Ghana (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to fish meals and pellet exports from South Africa stood at -1.1%. At the same time, Botswana (+111.6%), Kenya (+22.8%) and Senegal (+15.4%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in Africa, with a CAGR of +111.6% from 2012-2021. Ghana experienced a relatively flat trend pattern. By contrast, Angola (-15.1%) and Namibia (-25.4%) illustrated a downward trend over the same period. While the share of South Africa (+37 p.p.), Senegal (+7.9 p.p.), Botswana (+3.5 p.p.) and Kenya (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Angola (-6.9 p.p.) and Namibia (-10 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest fish meals and pellet supplier in Africa, comprising 51% of total exports. The second position in the ranking was held by Senegal ($X), with a 17% share of total exports. It was followed by Kenya, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled -2.8%. In the other countries, the average annual rates were as follows: Senegal (+21.1% per year) and Kenya (+34.8% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, reducing by -18% against the previous year. In general, the export price saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the export price increased by 131% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kenya ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+9.8%), while the other leaders experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish

Imports in Africa

In 2021, the amount of flours, meals and pellets of fish imported in Africa soared to X tons, increasing by 506% on the previous year. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fish meals and pellet imports soared to $X in 2021. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the major importing country with an import of about X tons, which resulted at 76% of total imports. Togo (X tons) took the second position in the ranking, followed by Egypt (X tons). All these countries together took approx. 19% share of total imports. Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to fish meals and pellet imports into Nigeria stood at +34.4%. At the same time, Guinea (+54.0%), Egypt (+35.6%) and Togo (+17.9%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Africa, with a CAGR of +54.0% from 2012-2021. While the share of Nigeria (+46 p.p.), Egypt (+5.3 p.p.) and Guinea (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Togo (-2.8 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported flours, meals and pellets of fish in Africa, comprising 85% of total imports. The second position in the ranking was taken by Egypt ($X), with a 3.7% share of total imports. It was followed by Guinea, with a 3.6% share.

In Nigeria, fish meals and pellet imports expanded at an average annual rate of +35.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (+12.4% per year) and Guinea (+49.6% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, shrinking by -5.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 15%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Guinea ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+9.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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