ECOWAS: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in ECOWAS

The ECOWAS fish meals and pellet market reduced dramatically to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Production of Flours, Meals And Pellets Of Fish in ECOWAS

In value terms, fish meals and pellet production fell modestly to $X in 2022 estimated in export price. Over the period under review, production showed a slight shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish

Exports in ECOWAS

After three years of decline, shipments abroad of flours, meals and pellets of fish increased by X% to X tons in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, fish meals and pellet exports skyrocketed to $X in 2022. Overall, exports, however, showed a mild slump. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana represented the main exporter of flours, meals and pellets of fish in ECOWAS, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Senegal (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Gambia (X%). Nigeria (X tons) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the flours, meals and pellets of fish exports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. Gambia experienced a relatively flat trend pattern. By contrast, Senegal (X%) illustrated a downward trend over the same period. Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Gambia and Senegal 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, the largest fish meals and pellet supplying countries in ECOWAS were Ghana ($X), Senegal ($X) and Gambia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Senegal, 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 a decline in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price saw a deep setback. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Senegal ($X per ton), while Gambia ($X per ton) was amongst the lowest.

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

Imports of Flours, Meals And Pellets Of Fish

Imports in ECOWAS

In 2022, fish meals and pellet imports in ECOWAS shrank markedly to X tons, with a decrease of X% compared with the previous year's figure. Over the period under review, imports, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then fell significantly in the following year.

In value terms, fish meals and pellet imports plummeted to $X in 2022. Overall, imports showed a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

Togo dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), achieving a X% share of total imports. The following importers - Ghana (X tons) and Gambia (X tons) - together made up X% of total imports.

Imports into Togo increased at an average annual rate of X% from 2012 to 2022. At the same time, Gambia (X%), Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Togo (X p.p.), Cote d'Ivoire (X p.p.), Ghana (X p.p.) and Gambia (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, Cote d'Ivoire ($X) constitutes the largest market for imported flours, meals and pellets of fish in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Togo ($X), with an X% share of total imports. It was followed by Ghana, with a X% share.

In Cote d'Ivoire, fish meals and pellet imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (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. Overall, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 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 Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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