Western Africa: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in Western Africa

The West African market for frozen and fresh or chilled skipjack tuna stood at $X in 2022, picking up by X% against the previous year. The total consumption indicated measured 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in Western Africa

In value terms, production of frozen and fresh or chilled skipjack tuna stood at $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 Western Africa

In 2022, overseas shipments of frozen and fresh or chilled skipjack tuna were finally on the rise to reach X tons after three years of decline. Total exports indicated a remarkable increase 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 most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen and fresh or chilled skipjack tuna soared to $X in 2022. Total exports indicated a measured expansion 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 growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Senegal was the main exporter of frozen and fresh or chilled skipjack tuna in Western Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Ghana (X tons) held the second position in the ranking, distantly followed by Guinea (X tons). All these countries together held near X% share of total exports. Liberia (X tons) took a relatively small share of total exports.

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 Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. Senegal (X p.p.) and Liberia (X p.p.) significantly strengthened its position in terms of the total exports, while Guinea and Ghana saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Guinea (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Western Africa

In 2022, approx. X tons of frozen and fresh or chilled skipjack tuna were imported in Western Africa; picking up by X% on the previous year's figure. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of frozen and fresh or chilled skipjack tuna skyrocketed to $X in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Cote d'Ivoire was the main importer of frozen and fresh or chilled skipjack tuna in Western Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Cabo Verde (X tons) took the second position in the ranking, distantly followed by Senegal (X tons). All these countries together took approx. X% share of total imports. Mauritania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Senegal (with a CAGR of X%), while imports 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 Western Africa were Cote d'Ivoire ($X), Cabo Verde ($X) and Senegal ($X), with a combined X% share of total imports.

Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 Western Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mauritania ($X per ton) and Senegal ($X per ton), while Cote d'Ivoire ($X per ton) and Cabo Verde ($X per ton) were 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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