Africa: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Africa

The African frozen cuttlefishes market dropped modestly to $X in 2022, declining by X% against the previous year. Overall, consumption saw prominent growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Frozen Cuttlefishes Production in Africa

In value terms, frozen cuttlefishes production reached $X in 2022 estimated in export price. In general, production saw a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Frozen Cuttlefishes Exports

Exports in Africa

For the third year in a row, Africa recorded decline in shipments abroad of frozen cuttlefishes, which decreased by X% to X tons in 2022. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, frozen cuttlefishes exports plummeted to $X in 2022. Over the period under review, exports faced a sharp reduction. The growth pace was the most rapid in 2019 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Namibia represented the major exporter of frozen cuttlefishes in Africa, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Senegal (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Angola (X%), Cote d'Ivoire (X%) and South Africa (X%). Morocco (X tons) and Gabon (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen cuttlefishes exports from Namibia stood at X%. At the same time, Angola (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%), Gabon (X%), South Africa (X%) and Morocco (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Namibia, Angola, Senegal, Cote d'Ivoire and Gabon increased by X, X, X, X and X percentage points, respectively.

In value terms, Namibia ($X) emerged as the largest frozen cuttlefishes supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Namibia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Frozen Cuttlefishes Imports

Imports in Africa

In 2022, supplies from abroad of frozen cuttlefishes was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen cuttlefishes imports rose sharply to $X in 2022. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) was the main importer of frozen cuttlefishes, committing X% of total imports. It was distantly followed by Namibia (X tons), Mauritius (X tons) and Egypt (X tons), together generating a X% share of total imports. Senegal (X tons) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%), Namibia (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Mauritius (X p.p.), Senegal (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X), Namibia ($X) and Egypt ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Mauritius and Senegal lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Senegal, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, 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 Egypt ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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