ECOWAS: Preserved Salmon Market 2024

Preserved Salmon Market Size in ECOWAS

The ECOWAS preserved salmon market expanded significantly to $X in 2022, rising by X% against the previous year. The total consumption indicated a measured 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 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Preserved Salmon Production in ECOWAS

In value terms, preserved salmon production totaled $X in 2022 estimated in export price. The total production indicated a remarkable 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Preserved Salmon Exports

Exports in ECOWAS

In 2022, overseas shipments of salmon (prepared or preserved) increased by X% to X kg, rising for the second year in a row after three years of decline. In general, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved salmon exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire represented the key exporter of salmon (prepared or preserved) in ECOWAS, with the volume of exports recording X kg, which was near X% of total exports in 2022. Nigeria (X kg) ranks second in terms of the total exports with a X% share, followed by Togo (X%). Senegal (X kg) took a minor share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the salmon (prepared or preserved) exports, with a CAGR of X% from 2012 to 2022. Nigeria (X%), Togo (X%) and Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire and Nigeria increased by X and X percentage points, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest preserved salmon supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a pronounced descent. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, 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 Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Preserved Salmon Imports

Imports in ECOWAS

In 2022, supplies from abroad of salmon (prepared or preserved) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, preserved salmon imports surged to $X in 2022. Over the period under review, imports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Cote d'Ivoire represented the key importer of salmon (prepared or preserved) in ECOWAS, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Mali (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Burkina Faso (X%), Niger (X%), Senegal (X%), Liberia (X%) and Ghana (X%).

Imports into Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Mali (X%), Niger (X%), Liberia (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Mali, Burkina Faso, Niger and Liberia increased by X, X, X, X and X percentage points, respectively.

In value terms, the largest preserved salmon importing markets in ECOWAS were Mali ($X), Burkina Faso ($X) and Niger ($X), with a combined X% share of total imports.

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

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, reducing by X% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price 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, preserved salmon import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then declined in the following year.

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 Niger ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :