Africa: Frozen Fish Meat Market 2024

Frozen Fish Meat Market Size in Africa

For the fourth year in a row, the African frozen fish meat market recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption recorded a modest increase. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in the immediate term.

Frozen Fish Meat Production in Africa

In value terms, frozen fish meat production expanded markedly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

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Frozen Fish Meat Exports

Exports in Africa

In 2023, the amount of frozen fish meat exported in Africa dropped markedly to X tons, which is down by X% against 2022 figures. Overall, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, frozen fish meat exports contracted markedly to $X in 2023. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Namibia (X tons), distantly followed by South Africa (X tons), Morocco (X tons), Tanzania (X tons) and Mauritania (X tons) represented the key exporters of frozen fish meat, together making up X% of total exports. Senegal (X tons) and Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mauritania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), South Africa ($X) and Tanzania ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Morocco, Senegal, Mauritania and Tunisia lagged somewhat behind, together comprising a further X%.

Mauritania, with a CAGR of X%, saw the highest rates of growth with regard to 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

The export price in Africa stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price showed a pronounced descent. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

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

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

Frozen Fish Meat Imports

Imports in Africa

Frozen fish meat imports declined notably to X tons in 2023, reducing by X% against 2022 figures. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, frozen fish meat imports fell sharply to $X in 2023. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

South Africa (X tons) and Algeria (X tons) represented roughly X% of total imports in 2023. Ghana (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritius (X%) and Nigeria (X%). Zimbabwe (X tons), Cabo Verde (X tons), Zambia (X tons), Mozambique (X tons), Rwanda (X tons), Djibouti (X tons), Namibia (X tons) and Swaziland (X tons) took a little share of total imports.

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

In value terms, the largest frozen fish meat importing markets in Africa were Algeria ($X), South Africa ($X) and Mauritius ($X), with a combined X% share of total imports. Cabo Verde, Rwanda, Namibia, Nigeria, Ghana, Djibouti, Mozambique, Zimbabwe, Swaziland and Zambia lagged somewhat behind, together comprising a further X%.

Djibouti, with a CAGR of X%, recorded 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, increasing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform