Western Africa: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in Western Africa

In 2020, the West African frozen tilapias market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Frozen Tilapias Production in Western Africa

In value terms, frozen tilapias production expanded markedly to $X in 2020 estimated in export prices. The total production indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in the immediate term.

Production By Country in Western Africa

Mauritania (X tons) remains the largest frozen tilapias producing country in Western Africa, comprising approx. X% of total volume. Moreover, frozen tilapias production in Mauritania exceeded the figures recorded by the second-largest producer, Liberia (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume in Mauritania amounted to +X%.

Frozen Tilapias Exports

Exports in Western Africa

In 2020, shipments abroad of frozen tilapias was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, frozen tilapias exports soared to $X in 2020. Overall, exports showed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. The level of export peaked in 2020 and is expected to retain growth in years to come.

Exports by Country

Cote d'Ivoire was the largest exporter of frozen tilapias in Western Africa, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2020. It was distantly followed by Benin (X tons) and Mauritania (X tons), together constituting a X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Benin, while exports for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest frozen tilapias supplying countries in Western Africa were Cote d'Ivoire ($X), Benin ($X) and Mauritania ($X), together accounting for X% of total exports.

Among the main exporting countries, Benin (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2020, the frozen tilapias export price in Western Africa amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Mauritania ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Benin, while the other leaders experienced mixed trends in the export price figures.

Frozen Tilapias Imports

Imports in Western Africa

In 2020, overseas purchases of frozen tilapias decreased by -X% to X tons, falling for the third consecutive year after six years of growth. Over the period under review, imports showed a slight decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The volume of import peaked at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, frozen tilapias imports shrank notably to $X in 2020. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Cote d'Ivoire (X tons) was the main importer of frozen tilapias, constituting X% of total imports. It was distantly followed by Ghana (X tons), committing a X% share of total imports. Benin (X tons), Mali (X tons) and Niger (X tons) followed a long way behind the leaders.

Imports into Cote d'Ivoire increased at an average annual rate of +X% from 2007 to 2020. At the same time, Mali (+X%) and Niger (+X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +X% from 2007-2020. Ghana experienced a relatively flat trend pattern. By contrast, Benin (-X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (+X p.p.), Mali (+X p.p.), Ghana (+X p.p.) and Niger (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Benin (-X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported frozen tilapias in Western Africa, comprising X% of total imports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total imports. It was followed by Benin, with a X% share.

In Cote d'Ivoire, frozen tilapias imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+X% per year) and Benin (-X% per year).

Import Prices by Country

In 2020, the frozen tilapias import price in Western Africa amounted to $X per ton, falling by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Cote d'Ivoire ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ghana, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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