Africa: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Africa

In 2022, the African frozen freshwater fish market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Frozen Freshwater Fish Production in Africa

In value terms, frozen freshwater fish production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Frozen Freshwater Fish Exports

Exports in Africa

Frozen freshwater fish exports reduced to X tons in 2022, waning by X% against 2021. Total exports indicated pronounced growth 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 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen freshwater fish exports fell remarkably to $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 pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal represented the major exporter of frozen freshwater fish in Africa, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Morocco (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Mauritius (X%) and Rwanda (X%). The following exporters - South Africa (X tons), Namibia (X tons), Guinea-Bissau (X tons), Guinea (X tons) and Somalia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen freshwater fish exports from Senegal stood at X%. At the same time, Rwanda (X%), Morocco (X%), Guinea-Bissau (X%), Somalia (X%), Guinea (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%) and Namibia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Morocco, Rwanda and Guinea-Bissau increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen freshwater fish supplying countries in Africa were Senegal ($X), Morocco ($X) and Namibia ($X), together comprising X% of total exports.

Among the main exporting countries, Senegal, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 2022, shrinking by X% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, 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 Guinea ($X per ton), while Guinea-Bissau ($X per ton) was amongst the lowest.

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

Frozen Freshwater Fish Imports

Imports in Africa

In 2022, overseas purchases of frozen freshwater fish increased by X% to X tons, rising for the fifth year in a row after three years of decline. The total import volume 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 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, frozen freshwater fish imports expanded remarkably to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Cote d'Ivoire was the major importer of frozen freshwater fish in Africa, with the volume of imports recording X tons, which was near X% of total imports in 2022. Cameroon (X tons) held the second position in the ranking, followed by Senegal (X tons), Mali (X tons), Guinea (X tons) and Burkina Faso (X tons). All these countries together held near X% share of total imports. Rwanda (X tons), Mauritius (X tons), South Africa (X tons), Benin (X tons), Ghana (X tons), Namibia (X tons) and Congo (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to frozen freshwater fish imports into Cote d'Ivoire stood at X%. At the same time, Senegal (X%), Rwanda (X%), Burkina Faso (X%), Guinea (X%), Benin (X%), Namibia (X%), Cameroon (X%), South Africa (X%), Ghana (X%) and Congo (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%) and Mali (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Senegal (X p.p.), Burkina Faso (X p.p.), Guinea (X p.p.), Rwanda (X p.p.), Cameroon (X p.p.) and Benin (X p.p.) significantly strengthened its position in terms of the total imports, while Mauritius and Mali saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported frozen freshwater fish in Africa, comprising X% of total imports. The second position in the ranking was taken by Cameroon ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Cameroon (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Burkina Faso ($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 more modest paces of growth.

Source: IndexBox Platform

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