ECOWAS: Market for Fresh Or Chilled Salmonoids Fillets 2024

Market Size for Fresh Or Chilled Salmonoids Fillets in ECOWAS

The ECOWAS market for fresh or chilled salmonoids fillets expanded modestly to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Salmonoids Fillets in ECOWAS

In value terms, fresh or chilled salmonoids fillets production amounted to $X in 2022 estimated in export price. In general, production enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports in ECOWAS

In 2022, fresh or chilled salmonoids fillets exports in ECOWAS totaled X tons, increasing by X% on the year before. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets exports totaled $X in 2022. In general, exports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Gambia prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Senegal (X tons), generating a X% share of total exports.

Gambia was also the fastest-growing in terms of the fresh or chilled salmonoids fillets exports, with a CAGR of X% from 2012 to 2022. Senegal experienced a relatively flat trend pattern. Gambia (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Gambia ($X) remains the largest fresh or chilled salmonoids fillets supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Gambia totaled X%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

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

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

Imports of Fresh Or Chilled Salmonoids Fillets

Imports in ECOWAS

In 2022, the amount of fresh or chilled salmonoids fillets imported in ECOWAS surged to X tons, jumping by X% against the previous year's figure. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, fresh or chilled salmonoids fillets imports surged to $X in 2022. In general, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Togo represented the main importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Nigeria (X tons), constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled salmonoids fillets imports into Togo stood at X%. At the same time, Nigeria (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Togo and Nigeria increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) constitutes the largest market for imported fresh or chilled salmonoids fillets in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports.

In Togo, fresh or chilled salmonoids fillets imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 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 Nigeria ($X per ton), while Togo totaled $X per ton.

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

Source: IndexBox Platform

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