Western Africa: Preserved Salmon Market 2024

Preserved Salmon Market Size in Western Africa

The West African preserved salmon market rose significantly to $X in 2022, increasing by X% against the previous year. The total consumption indicated tangible 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 reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Preserved Salmon Production in Western Africa

In value terms, preserved salmon production amounted to $X in 2022 estimated in export price. The total production indicated a buoyant 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Preserved Salmon Exports

Exports in Western Africa

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. Over the period under review, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained 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 declined rapidly to $X in 2022. Overall, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire represented the largest exporting country with an export of around X kg, which accounted for X% of total exports. Nigeria (X kg) took the second position in the ranking, distantly followed by Togo (X kg). All these countries together held approx. X% share of total exports. Senegal (X kg) followed a long way behind the leaders.

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. Cote d'Ivoire (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Togo and Senegal saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

In Cote d'Ivoire, preserved salmon exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a pronounced descent. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 Western Africa

After two years of decline, supplies from abroad of salmon (prepared or preserved) increased by X% to X tons in 2022. In general, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached 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. Overall, imports, however, continue to indicate a perceptible decline. 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 somewhat lower figure.

Imports by Country

Cote d'Ivoire represented the largest importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Mali (X tons), Mauritania (X tons), Burkina Faso (X tons), Niger (X tons), Senegal (X tons), Liberia (X tons) and Ghana (X tons), together making up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to preserved salmon imports into Cote d'Ivoire stood at X%. At the same time, Mali (X%), Mauritania (X%), Niger (X%), Liberia (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) and Ghana (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Mali (X p.p.), Mauritania (X p.p.), Niger (X p.p.), Burkina Faso (X p.p.) and Liberia (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Ghana saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Mali ($X), Burkina Faso ($X) and Mauritania ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Mali, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. Import price indicated a remarkable increase 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 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced 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

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