Western Africa: Preserved Tuna Market 2024

Preserved Tuna Market Size in Western Africa

The West African preserved tuna market soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption enjoyed a strong expansion. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Preserved Tuna Production in Western Africa

In value terms, preserved tuna production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Preserved Tuna Exports

Exports in Western Africa

In 2022, shipments abroad of tuna (prepared or preserved) decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, preserved tuna exports contracted rapidly to $X in 2022. Over the period under review, exports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Ghana (X tons) was the main exporter of tuna (prepared or preserved), achieving X% of total exports. It was distantly followed by Senegal (X tons), creating a X% share of total exports. Cabo Verde (X tons) followed a long way behind the leaders.

Ghana experienced a relatively flat trend pattern with regard to volume of exports of tuna (prepared or preserved). At the same time, Senegal (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Senegal (X p.p.), Ghana (X p.p.) and Cabo Verde (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest preserved tuna supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

In Ghana, preserved tuna exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Cabo Verde (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cabo Verde ($X per ton), while Ghana ($X per ton) was 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 more modest paces of growth.

Preserved Tuna Imports

Imports in Western Africa

Preserved tuna imports declined notably to X tons in 2022, which is down by X% on 2021. Overall, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, preserved tuna imports declined notably to $X in 2022. Over the period under review, imports saw a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Ghana represented the major importer of tuna (prepared or preserved) in Western Africa, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Cote d'Ivoire (X tons) ranks second in terms of the total imports with an X% share, followed by Senegal (X%), Mali (X%) and Mauritania (X%). The following importers - Benin (X tons) and Cabo Verde (X tons) - each resulted at an X% share of total imports.

Ghana experienced a relatively flat trend pattern with regard to volume of imports of tuna (prepared or preserved). At the same time, Mali (X%), Senegal (X%) and Cote d'Ivoire (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, Cabo Verde (X%), Mauritania (X%) and Benin (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Senegal (X p.p.), Ghana (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mauritania (X p.p.) and Benin (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported tuna (prepared or preserved) in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Senegal, with an X% share.

In Ghana, preserved tuna imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per ton), while Cabo Verde ($X per ton) was 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 mixed trends in the import price figures.

Source: IndexBox Platform

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