ECOWAS: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2024

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in ECOWAS

The ECOWAS meat and fish extracts market declined modestly to $X in 2022, stabilizing at the previous year. In general, consumption continues to indicate a perceptible reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in ECOWAS

In value terms, meat and fish extracts production fell to $X in 2022 estimated in export price. Overall, production showed a mild decrease. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports in ECOWAS

In 2022, after two years of decline, there was significant growth in shipments abroad of extracts and juices of meat, fish, crustaceans and molluscs, when their volume increased by X% to X tons. Over the period under review, exports, however, recorded a dramatic downturn. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, meat and fish extracts exports totaled $X in 2022. Overall, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Benin represented the key exporter of extracts and juices of meat, fish, crustaceans and molluscs in ECOWAS, with the volume of exports reaching X kg, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X kg) and Nigeria (X kg), together constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Nigeria ($X) remains the largest meat and fish extracts supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Benin (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Benin ($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%).

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports in ECOWAS

In 2022, imports of extracts and juices of meat, fish, crustaceans and molluscs in ECOWAS skyrocketed to X tons, picking up by X% on 2021 figures. Over the period under review, imports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, meat and fish extracts imports reduced markedly to $X in 2022. Overall, imports, however, recorded a slight reduction. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Burkina Faso was the key importer of extracts and juices of meat, fish, crustaceans and molluscs in ECOWAS, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Ghana (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%) and Togo (X%).

Burkina Faso was also the fastest-growing in terms of the extracts and juices of meat, fish, crustaceans and molluscs imports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%), Ghana (X%) and Senegal (X%) displayed positive paces of growth. Burkina Faso (X p.p.), Ghana (X p.p.), Togo (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) constitutes the largest market for imported extracts and juices of meat, fish, crustaceans and molluscs in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Togo stood at X%. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, shrinking by X% against the previous year. In general, the import price showed a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 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 Togo ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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