Africa: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in Africa

The African frozen fish and seafood market rose slightly to $X in 2023, increasing by X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2016 indices. The level of consumption peaked in 2023 and is likely to see steady growth in the immediate term.

Production of Frozen Fish and Seafood in Africa

In value terms, frozen fish and seafood production stood at $X in 2023 estimated in export price. The total production indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Frozen Fish and Seafood

Exports in Africa

Frozen fish and seafood exports totaled X tons in 2023, leveling off at 2022. The total export volume 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 most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, frozen fish and seafood exports reduced slightly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Morocco (X tons), Mauritania (X tons), Senegal (X tons) and Namibia (X tons), together reaching X% of total export. It was distantly followed by Seychelles (X tons), comprising a X% share of total exports. The following exporters - South Africa (X tons), Mauritius (X tons) and Tunisia (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Seychelles (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish and seafood supplying countries in Africa were Morocco ($X), Mauritania ($X) and Namibia ($X), with a combined X% share of total exports.

Morocco, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the export price in Africa amounted to $X per ton, remaining constant against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Fish and Seafood

Imports in Africa

In 2023, supplies from abroad of frozen fish and seafood increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, frozen fish and seafood imports shrank modestly to $X in 2023. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2022, and then fell slightly in the following year.

Imports by Country

In 2023, Cote d'Ivoire (X tons), distantly followed by Nigeria (X tons), Egypt (X tons), Ghana (X tons), Cameroon (X tons), Burkina Faso (X tons), Mauritius (X tons) and South Africa (X tons) represented the major importers of frozen fish and seafood, together making up X% of total imports. The following importers - Democratic Republic of the Congo (X tons), Benin (X tons), Zambia (X tons), Mali (X tons) and Morocco (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Zambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish and seafood importing markets in Africa were Cote d'Ivoire ($X), Nigeria ($X) and Egypt ($X), together comprising X% of total imports. Mauritius, Morocco, South Africa, Ghana, Cameroon, Zambia, Democratic Republic of the Congo, Benin, Mali and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Mali, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Morocco ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform