Africa: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Africa

After two years of growth, the African frozen salmonoids market decreased by -X% to $X in 2020. Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2019, and then dropped rapidly in the following year.

Frozen Salmonoids Production in Africa

In value terms, frozen salmonoids production dropped slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in Africa

The countries with the highest volumes of frozen salmonoids production in 2020 were Mauritania (X tons), Guinea-Bissau (X tons) and Morocco (X tons), with a combined X% share of total production.

From 2007 to 2020, the most notable rate of growth in terms of frozen salmonoids production, amongst the leading producing countries, was attained by Morocco, while frozen salmonoids production for the other leaders experienced more modest paces of growth.

Frozen Salmonoids Exports

Exports in Africa

In 2020, approx. X tons of frozen salmonoids were exported in Africa; with an increase of X% against 2019. Total exports indicated temperate growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. The volume of export peaked in 2020 and is likely to see steady growth in the immediate term.

In value terms, frozen salmonoids exports rose remarkably to $X in 2020. Overall, exports recorded prominent growth. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Mauritania (X tons) represented the main exporter of frozen salmonoids, mixing up X% of total exports. It was distantly followed by Guinea-Bissau (X tons), generating an X% share of total exports. Morocco (X tons), Angola (X tons) and Namibia (X tons) occupied a minor share of total exports.

From 2007 to 2020, average annual rates of growth with regard to frozen salmonoids exports from Mauritania stood at +X%. At the same time, Angola (+X%), Namibia (+X%) and Morocco (+X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2020. By contrast, Guinea-Bissau (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Mauritania, Angola, Morocco and Namibia increased by +X%, +X%, +X% and +X% percentage points, while Guinea-Bissau (-X p.p.) saw their share reduced.

In value terms, Mauritania ($X) remains the largest frozen salmonoids supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by Guinea-Bissau ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Mauritania amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Guinea-Bissau (-X% per year) and Angola (+X% per year).

Export Prices by Country

The frozen salmonoids export price in Africa stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. Over the period under review, export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Angola ($X per ton), while Guinea-Bissau ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Angola, while the other leaders experienced mixed trends in the export price figures.

Frozen Salmonoids Imports

Imports in Africa

In 2020, after two years of growth, there was significant decline in purchases abroad of frozen salmonoids, when their volume decreased by -X% to X tons. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2019, and then contracted markedly in the following year.

In value terms, frozen salmonoids imports contracted remarkably to $X in 2020. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. The level of import peaked at $X in 2019, and then declined rapidly in the following year.

Imports by Country

Togo (X tons) and Mali (X tons) represented roughly X% of total imports of frozen salmonoids in 2020. It was distantly followed by Cameroon (X tons), making up a X% share of total imports. Egypt (X tons), Equatorial Guinea (X tons) and Liberia (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Equatorial Guinea, while imports for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Mali ($X) and Cameroon ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of total imports. Egypt, Equatorial Guinea and Liberia lagged somewhat behind, together accounting for a further X the main importing countries, Equatorial Guinea recorded the highest rates of growth with regard to 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 2020, the frozen salmonoids import price in Africa amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Egypt ($X per ton), while Equatorial Guinea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Cameroon, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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