Africa: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Africa

In 2022, the African preserved mackerel market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a moderate 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Preserved Mackerel Production in Africa

In value terms, preserved mackerel production dropped modestly to $X in 2022 estimated in export price. The total production indicated measured growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Preserved Mackerel Exports

Exports in Africa

In 2022, overseas shipments of mackerel (prepared or preserved) increased by X% to X tons, rising for the second year in a row after five years of decline. In general, exports, however, recorded a slight decline. The pace of growth appeared the most rapid 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 somewhat lower figure.

In value terms, preserved mackerel exports rose remarkably to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Morocco (X tons) was the key exporter of mackerel (prepared or preserved), constituting X% of total exports. It was distantly followed by Cabo Verde (X tons), comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to preserved mackerel exports from Morocco stood at X%. Cabo Verde experienced a relatively flat trend pattern. Cabo Verde (X p.p.) significantly strengthened its position in terms of the total exports, while Morocco saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Morocco ($X) remains the largest preserved mackerel supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a X% share of total exports.

In Morocco, preserved mackerel exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cabo Verde ($X per ton), while Morocco totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%).

Preserved Mackerel Imports

Imports in Africa

In 2022, overseas purchases of mackerel (prepared or preserved) decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, preserved mackerel imports shrank to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Ghana dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Gabon (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritius (X%), Democratic Republic of the Congo (X%) and Sierra Leone (X%). The following importers - Nigeria (X tons) and Egypt (X tons) - each resulted at a X% share of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Sierra Leone (X%), Gabon (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Democratic Republic of the Congo (X%), Egypt (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Democratic Republic of the Congo (X p.p.), Sierra Leone (X p.p.), Gabon (X p.p.) and Mauritius (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.) and Nigeria (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) constitutes the largest market for imported mackerel (prepared or preserved) in Africa, comprising X% of total imports. The second position in the ranking was held by Sierra Leone ($X), with a X% share of total imports. It was followed by Gabon, with a X% share.

In Ghana, preserved mackerel imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Gabon (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, 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 Egypt ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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