Africa: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Africa

The African seafood meals and pellets market stood at $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in the near future.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Africa

In value terms, seafood meals and pellets production totaled $X in 2023 estimated in export price. The total production indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of production peaked in 2023 and is expected to retain growth in years to come.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports in Africa

Seafood meals and pellets exports contracted to X tons in 2023, with a decrease of X% on 2022. Total exports indicated temperate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, seafood meals and pellets exports shrank to $X in 2023. Total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then reduced modestly in the following year.

Exports by Country

Morocco represented the key exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Mauritania (X tons) and South Africa (X tons), together making up a X% share of total exports. Mauritius (X tons), Senegal (X tons) and Guinea (X tons) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Guinea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) remains the largest seafood meals and pellets supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Mauritania ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

In Morocco, seafood meals and pellets exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Mauritania (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports in Africa

After two years of decline, supplies from abroad of flours, meals and pellets of fish or of crustaceans and molluscs increased by X% to X tons in 2023. Over the period under review, imports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, seafood meals and pellets imports expanded markedly to $X in 2023. In general, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Nigeria was the major importing country with an import of around X tons, which resulted at X% of total imports. Zambia (X tons) ranks second in terms of the total imports with a X% share, followed by Mozambique (X%), Egypt (X%), Burkina Faso (X%), Tunisia (X%) and South Africa (X%). Ghana (X tons), Zimbabwe (X tons), Cote d'Ivoire (X tons), Morocco (X tons), Cameroon (X tons) and Benin (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to seafood meals and pellets imports into Nigeria stood at X%. At the same time, Morocco (X%), Tunisia (X%), Mozambique (X%), Burkina Faso (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Benin (X%), Zimbabwe (X%), Egypt (X%), South Africa (X%), Cote d'Ivoire (X%), Ghana (X%) and Cameroon (X%) illustrated a downward trend over the same period. Mozambique (X p.p.), Zambia (X p.p.), Tunisia (X p.p.), Burkina Faso (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total imports, while Egypt, South Africa, Cote d'Ivoire, Cameroon and Ghana saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported flours, meals and pellets of fish or of crustaceans and molluscs in Africa, comprising X% of total imports. The second position in the ranking was taken by Zambia ($X), with an X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Nigeria amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform