ECOWAS: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in ECOWAS

The ECOWAS market for frozen scallops, including queen scallop surged to $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed a resilient increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Scallops, Including Queen Scallop in ECOWAS

In value terms, frozen scallops, including queen scallop production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Frozen Scallops, Including Queen Scallop

Exports in ECOWAS

In 2022, exports of frozen scallops, including queen scallop in ECOWAS declined remarkably to X tons, with a decrease of X% compared with 2021. In general, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, frozen scallops, including queen scallop exports declined sharply to $X in 2022. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. Benin (X tons) followed a long way behind the leaders.

Exports from Senegal decreased at an average annual rate of X% from 2012 to 2022. Benin experienced a relatively flat trend pattern. From 2012 to 2022, the share of Senegal and Benin increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest frozen scallops, including queen scallop supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Benin ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal amounted to X%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price showed a temperate increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Benin totaled $X per ton.

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

Imports of Frozen Scallops, Including Queen Scallop

Imports in ECOWAS

In 2022, imports of frozen scallops, including queen scallop in ECOWAS surged to X tons, growing by X% against 2021 figures. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, frozen scallops, including queen scallop imports surged to $X in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of frozen scallops, including queen scallop imports in 2022 were Cote d'Ivoire (X tons), Cabo Verde (X tons) and Ghana (X tons), together accounting for X% of total import. Togo (X tons) held the next position in the ranking, followed by Mali (X tons) and Burkina Faso (X tons). All these countries together held approx. X% share of total imports. Senegal (X kg) followed a long way behind the leaders.

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

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported frozen scallops, including queen scallop in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cabo Verde ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Cabo Verde (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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