ECOWAS: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in ECOWAS

The ECOWAS crab and crab meat market expanded to $X in 2022, rising by X% against the previous year. The total consumption indicated a pronounced expansion 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Crabs and Crab Meat in ECOWAS

In value terms, crab and crab meat production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Crabs and Crab Meat

Exports in ECOWAS

Crab and crab meat exports surged to X tons in 2022, with an increase of X% on the year before. Overall, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, crab and crab meat exports skyrocketed to $X in 2022. In general, exports posted a perceptible increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Senegal was the major exporter of crabs and crab meat in ECOWAS, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Nigeria (X tons) ranks second in terms of the total exports with a X% share, followed by Gambia (X%).

From 2012 to 2022, average annual rates of growth with regard to crab and crab meat exports from Senegal stood at X%. At the same time, Gambia (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Senegal (X p.p.) and Gambia (X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest crab and crab meat supplying countries in ECOWAS were Nigeria ($X), Senegal ($X) and Gambia ($X), with a combined X% share of total exports.

Among the main exporting countries, Gambia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Imports of Crabs and Crab Meat

Imports in ECOWAS

In 2022, overseas purchases of crabs and crab meat increased by X% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crab and crab meat imports soared to $X in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Senegal (X tons) and Cote d'Ivoire (X tons) represented roughly X% of total imports in 2022. Ghana (X tons) ranks next in terms of the total imports with a X% share, followed by Nigeria (X%).

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported crabs and crab meat in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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