Africa: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Africa

The African frozen skipjack tuna market skyrocketed to $X in 2020, increasing by X% against the previous year. The total consumption indicated perceptible growth from 2007 to 2020: its value 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, consumption increased by +X% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Skipjack Tuna Production in Africa

In value terms, frozen skipjack tuna production reduced slightly to $X in 2020 estimated in export prices. The total production indicated a measured expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019, and then reduced modestly in the following year.

Production By Country in Africa

Guinea (X tons) remains the largest frozen skipjack tuna producing country in Africa, comprising approx. X% of total volume. Moreover, frozen skipjack tuna production in Guinea exceeded the figures recorded by the second-largest producer, Senegal (X tons), fourfold. Mauritania (X tons) ranked third in terms of total production with a X% share.

In Guinea, frozen skipjack tuna production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Senegal (+X% per year) and Mauritania (+X% per year).

Frozen Skipjack Tuna Exports

Exports in Africa

After three years of decline, overseas shipments of frozen skipjack tuna increased by X% to X tons in 2020. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen skipjack tuna exports totaled $X in 2020. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, Cote d'Ivoire (X tons), Ghana (X tons), Seychelles (X tons) and Senegal (X tons) was the main exporter of frozen skipjack tuna in Africa, making up X% of total export. It was distantly followed by Liberia (X tons) and Mauritania (X tons), together achieving a X% share of total exports. Morocco (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Liberia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen skipjack tuna supplying countries in Africa were Ghana ($X), Cote d'Ivoire ($X) and Seychelles ($X), with a combined X% share of total exports. These countries were followed by Senegal, Liberia, Mauritania and Morocco, which together accounted for a further X (+X% per year) 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 frozen skipjack tuna export price in Africa stood at $X per ton in 2020, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The level of export peaked at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

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

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

Frozen Skipjack Tuna Imports

Imports in Africa

In 2020, approx. X tons of frozen skipjack tuna were imported in Africa; rising by X% on the previous year's figure. In general, imports, however, showed a mild curtailment. The volume of import peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, frozen skipjack tuna imports surged to $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Mauritius represented the main importer of frozen skipjack tuna in Africa, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2020. Seychelles (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Morocco (X%), Tunisia (X%), Cote d'Ivoire (X%) and Madagascar (X%). Ghana (X tons) held a minor share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen skipjack tuna imports into Mauritius stood at +X%. At the same time, Morocco (+X%), Tunisia (+X%) and Ghana (+X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2020. By contrast, Seychelles (-X%), Madagascar (-X%) and Cote d'Ivoire (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Mauritius, Morocco, Tunisia and Ghana increased by +X%, +X%, +X% and +X% percentage points, while Madagascar (-X p.p.), Seychelles (-X p.p.) and Cote d'Ivoire (-X p.p.) saw their share reduced.

In value terms, Mauritius ($X) constitutes the largest market for imported frozen skipjack tuna in Africa, comprising X% of total imports. The second position in the ranking was occupied by Seychelles ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Mauritius amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Seychelles (-X% per year) and Morocco (+X% per year).

Import Prices by Country

The frozen skipjack tuna import price in Africa stood at $X per ton in 2020, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Morocco ($X per ton) and Mauritius ($X per ton), while Cote d'Ivoire ($X per ton) and Tunisia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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