Western Africa: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Western Africa

In 2022, the West African market for frozen scallops, including queen scallop decreased by X% to $X, falling for the second consecutive year after five years of growth. The total consumption indicated a mild 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Frozen Scallops, Including Queen Scallop in Western Africa

In value terms, frozen scallops, including queen scallop production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Exports of Frozen Scallops, Including Queen Scallop

Exports in Western Africa

In 2022, overseas shipments of frozen scallops, including queen scallop increased by X% to X tons, rising for the second year in a row after five years of decline. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen scallops, including queen scallop exports surged to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Mauritania (X tons) was the main exporter of frozen scallops, including queen scallop in Western Africa, comprising X% of total export.

Mauritania was also the fastest-growing in terms of the frozen scallops, including queen scallop exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Mauritania increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritania ($X) also remains the largest frozen scallops, including queen scallop supplier in Western Africa.

In Mauritania, frozen scallops, including queen scallop exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, which is down by X% against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Mauritania.

From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to X% per year.

Imports of Frozen Scallops, Including Queen Scallop

Imports in Western Africa

In 2022, frozen scallops, including queen scallop imports in Western Africa surged to X tons, increasing by X% against the year before. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, frozen scallops, including queen scallop imports soared to $X in 2022. In general, imports enjoyed buoyant growth. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

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 finishing at X% of total import. Togo (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mali (X%), Burkina Faso (X%) and Mauritania (X%). Senegal (X kg) took a relatively small share of total imports.

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 ($X) constitutes the largest market for imported frozen scallops, including queen scallop in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cabo Verde ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

In Cote d'Ivoire, frozen scallops, including queen scallop imports 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: Cabo Verde (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 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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