ECOWAS: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in ECOWAS

The ECOWAS market for frozen and fresh or chilled skipjack tuna was estimated at $X in 2022, growing by X% against the previous year. The total consumption indicated a pronounced increase 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 remained at a lower figure.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in ECOWAS

In value terms, production of frozen and fresh or chilled skipjack tuna expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports in ECOWAS

In 2022, overseas shipments of frozen and fresh or chilled skipjack tuna were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Total exports indicated a resilient expansion from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of frozen and fresh or chilled skipjack tuna soared to $X in 2022. Total exports indicated perceptible growth 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. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2022, Senegal (X tons) was the main exporter of frozen and fresh or chilled skipjack tuna, creating X% of total exports. Ghana (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Guinea (X%). Liberia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to frozen and fresh or chilled skipjack tuna exports from Senegal stood at X%. At the same time, Liberia (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal and Liberia increased by X and X percentage points, respectively.

In value terms, Senegal ($X) emerged as the largest frozen and fresh or chilled skipjack tuna supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Guinea, with a X% share.

In Senegal, exports of frozen and fresh or chilled skipjack tuna increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Guinea (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Ghana ($X per ton) and Guinea ($X per ton), while Liberia ($X per ton) and Senegal ($X per ton) were 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 Frozen And Fresh Or Chilled Skipjack Tuna

Imports in ECOWAS

In 2022, approx. X tons of frozen and fresh or chilled skipjack tuna were imported in ECOWAS; picking up by X% on 2021 figures. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of frozen and fresh or chilled skipjack tuna surged to $X in 2022. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Cote d'Ivoire represented the main importer of frozen and fresh or chilled skipjack tuna in ECOWAS, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Cabo Verde (X tons) and Senegal (X tons), together comprising a X% share of total imports.

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, the largest frozen and fresh or chilled skipjack tuna importing markets in ECOWAS were Cote d'Ivoire ($X), Cabo Verde ($X) and Senegal ($X), together accounting for X% of total imports.

Among the main importing countries, Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire ($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 a decline in the import price figures.

Source: IndexBox Platform

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