Africa: Molluscs Market 2024

Molluscs Market Size in Africa

The African molluscs market rose to $X in 2023, surging by X% against the previous year. The total consumption indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2016 indices. The level of consumption peaked in 2023 and is likely to see steady growth in years to come.

Molluscs Production in Africa

In value terms, molluscs production rose to $X in 2023 estimated in export price. The total production indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Molluscs Exports

Exports in Africa

For the fourth year in a row, Africa recorded decline in shipments abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus), which decreased by X% to X tons in 2023. In general, exports saw a mild setback. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, molluscs exports declined to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then reduced in the following year.

Exports by Country

Mauritania (X tons) and Morocco (X tons) prevails in exports structure, together generating X% of total exports. It was distantly followed by Senegal (X tons), committing a X% share of total exports. The following exporters - South Africa (X tons), Tunisia (X tons) and Namibia (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Namibia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest molluscs supplying countries in Africa were Mauritania ($X), Morocco ($X) and Senegal ($X), with a combined X% share of total exports. South Africa, Tunisia and Namibia lagged somewhat behind, together comprising a further X%.

Namibia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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, with a decrease of X% against the previous year. Export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, molluscs export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while Namibia ($X per ton) was amongst the lowest.

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

Molluscs Imports

Imports in Africa

In 2023, supplies from abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) increased by X% to X tons, rising for the third consecutive year after two years of decline. Total imports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to continue growth in the immediate term.

In value terms, molluscs imports dropped to $X in 2023. Total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Morocco was the key importer of molluscs (scallops, mussels, cuttle fish, squid and octopus) in Africa, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. South Africa (X tons) ranks second in terms of the total imports with a X% share, followed by Egypt (X%) and Namibia (X%). The following importers - Mauritius (X tons), Nigeria (X tons), Algeria (X tons), Senegal (X tons) and Tunisia (X tons) - together made up X% of total imports.

Imports into Morocco increased at an average annual rate of X% from 2012 to 2023. At the same time, Nigeria (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. South Africa and Mauritius experienced a relatively flat trend pattern. By contrast, Egypt (X%), Namibia (X%), Algeria (X%) and Tunisia (X%) illustrated a downward trend over the same period. Morocco (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Mauritius, Algeria, Tunisia, Namibia, Egypt and South Africa saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported molluscs (scallops, mussels, cuttle fish, squid and octopus) in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Morocco totaled X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Egypt (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform