Africa: Freshwater Fish Market 2024

Freshwater Fish Market Size in Africa

The African freshwater fish market reduced markedly to $X in 2022, waning by X% against the previous year. In general, consumption recorded a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Freshwater Fish Production in Africa

In value terms, freshwater fish production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Freshwater Fish Exports

Exports in Africa

In 2022, shipments abroad of freshwater fish increased by X% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, freshwater fish exports skyrocketed to $X in 2022. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Egypt (X tons), Libya (X tons) and Tunisia (X tons), together reaching X% of total export. Morocco (X tons) held the next position in the ranking, followed by Tanzania (X tons). All these countries together took near X% share of total exports. Gambia (X tons) and Algeria (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Libya ($X), Tunisia ($X) and Morocco ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Tanzania, Egypt, Gambia and Algeria lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Tanzania, 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

In 2022, the export price in Africa amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced more modest paces of growth.

Freshwater Fish Imports

Imports in Africa

In 2022, approx. X tons of freshwater fish were imported in Africa; with a decrease of X% on the year before. Overall, imports, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, freshwater fish imports declined markedly to $X in 2022. In general, imports, however, posted notable growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2022, Tunisia (X tons) was the main importer of freshwater fish, creating X% of total imports. Algeria (X tons) ranks second in terms of the total imports with a X% share, followed by Morocco (X%). Lesotho (X tons) and Zimbabwe (X tons) followed a long way behind the leaders.

Imports into Tunisia increased at an average annual rate of X% from 2012 to 2022. At the same time, Zimbabwe (X%), Morocco (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Lesotho (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tunisia, Morocco, Algeria and Zimbabwe increased by X, X, X and X percentage points, respectively.

In value terms, Tunisia ($X) constitutes the largest market for imported freshwater fish in Africa, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Tunisia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price posted a pronounced expansion. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Tunisia ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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