Western Africa: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Western Africa

The West African frozen yellowfin tuna market dropped markedly to $X in 2020, which is down by -X% against the previous year. Over the period under review, consumption continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market remained at a somewhat lower figure.

Frozen Yellowfin Tuna Production in Western Africa

In value terms, frozen yellowfin tuna production rose rapidly to $X in 2020 estimated in export prices. Over the period under review, production saw prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2015 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Western Africa

The countries with the highest volumes of frozen yellowfin tuna production in 2020 were Senegal (X tons), Ghana (X tons) and Guinea (X tons), with a combined X% share of total production. Liberia lagged somewhat behind, comprising a further X 2007 to 2020, the most notable rate of growth in terms of frozen yellowfin tuna production, amongst the key producing countries, was attained by Liberia, while frozen yellowfin tuna production for the other leaders experienced more modest paces of growth.

Frozen Yellowfin Tuna Exports

Exports in Western Africa

In 2020, approx. X tons of frozen yellowfin tuna were exported in Western Africa; with an increase of X% against the previous year. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, frozen yellowfin tuna exports soared to $X in 2020. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. The level of export peaked in 2020 and is expected to retain growth in years to come.

Exports by Country

Ghana represented the key exporting country with an export of around X tons, which resulted at X% of total exports. Cabo Verde (X tons) occupied the second position in the ranking, followed by Cote d'Ivoire (X tons), Senegal (X tons) and Guinea (X tons). All these countries together held approx. X% share of total exports. Liberia (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Liberia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Cabo Verde ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports. Guinea, Senegal and Liberia lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The frozen yellowfin tuna export price in Western Africa stood at $X per ton in 2020, growing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 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 Guinea ($X per ton), while Liberia ($X per ton) was amongst the lowest.

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

Frozen Yellowfin Tuna Imports

Imports in Western Africa

In 2020, the amount of frozen yellowfin tuna imported in Western Africa declined to X tons, falling by -X% compared with 2019. Over the period under review, imports saw a slight slump. The pace of growth was the most pronounced in 2015 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, frozen yellowfin tuna imports reduced modestly to $X in 2020. In general, imports recorded a mild shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Cote d'Ivoire (X tons), Cabo Verde (X tons) and Ghana (X tons) represented roughly X% of total imports of frozen yellowfin tuna in 2020. Nigeria (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cabo Verde, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen yellowfin tuna importing markets in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Cabo Verde ($X), together accounting for X% of total imports.

Among the main importing countries, Cabo Verde saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The frozen yellowfin tuna import price in Western Africa stood at $X per ton in 2020, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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