Africa: Frozen Fish Market 2024

Frozen Fish Market Size in Africa

The African frozen fish market reached $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Frozen Fish Production in Africa

In value terms, frozen fish production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Frozen Fish Exports

Exports in Africa

After three years of decline, shipments abroad of frozen fish increased by X% to X tons in 2022. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen fish exports totaled $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Mauritania (X tons), Morocco (X tons), Namibia (X tons) and Senegal (X tons) was the major exporter of frozen fish in Africa, generating X% of total export. It was distantly followed by South Africa (X tons), making up a X% share of total exports. The following exporters - Guinea-Bissau (X tons) and Seychelles (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Seychelles (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish supplying countries in Africa were Namibia ($X), Morocco ($X) and Mauritania ($X), with a combined X% share of total exports. Senegal, South Africa, Seychelles and Guinea-Bissau lagged somewhat behind, together accounting for a further X%.

Seychelles, 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 2022, the export price in Africa amounted to $X per ton, almost unchanged from the previous year. Overall, the export price showed a slight reduction. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 South Africa ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

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

Frozen Fish Imports

Imports in Africa

In 2022, purchases abroad of frozen fish was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, frozen fish imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Cote d'Ivoire (X tons), distantly followed by Nigeria (X tons), Ghana (X tons), Egypt (X tons), Cameroon (X tons), South Africa (X tons), Democratic Republic of the Congo (X tons) and Burkina Faso (X tons) were the largest importers of frozen fish, together achieving X% of total imports. Mauritius (X tons), Benin (X tons), Zambia (X tons), Mali (X tons) and Seychelles (X tons) followed a long way behind the leaders.

Imports into Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%), Benin (X%), Mali (X%), Burkina Faso (X%), South Africa (X%), Ghana (X%), Seychelles (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Egypt and Cameroon experienced a relatively flat trend pattern. By contrast, Mauritius (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Democratic Republic of the Congo (X p.p.), Burkina Faso (X p.p.), South Africa (X p.p.), Benin (X p.p.), Zambia (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.), Cameroon (X p.p.), Mauritius (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Egypt ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Ghana, South Africa, Mauritius, Cameroon, Zambia, Seychelles, Benin, Democratic Republic of the Congo, Mali and Burkina Faso lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Mali, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Nigeria ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :