Africa: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in Africa

In 2023, after two years of growth, there was significant decline in the African market for frozen and fresh or chilled skipjack tuna, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a prominent increase. The level of consumption peaked at $X in 2022, and then fell in the following year.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in Africa

In value terms, production of frozen and fresh or chilled skipjack tuna dropped to $X in 2023 estimated in export price. The total production indicated resilient growth 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2022, and then contracted in the following year.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports in Africa

In 2023, after four years of decline, there was significant growth in shipments abroad of frozen and fresh or chilled skipjack tuna, when their volume increased by X% to X tons. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, exports of frozen and fresh or chilled skipjack tuna amounted to $X in 2023. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2013 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Seychelles (X tons) represented the major exporter of frozen and fresh or chilled skipjack tuna, creating X% of total exports. It was distantly followed by Senegal (X tons), Guinea (X tons) and Cabo Verde (X tons), together mixing up a X% share of total exports. Mauritania (X tons), Ghana (X tons) and Morocco (X tons) followed a long way behind the leaders.

Seychelles was also the fastest-growing in terms of the frozen and fresh or chilled skipjack tuna exports, with a CAGR of X% from 2012 to 2023. At the same time, Senegal (X%), Mauritania (X%), Morocco (X%) and Guinea (X%) displayed positive paces of growth. Ghana experienced a relatively flat trend pattern. By contrast, Cabo Verde (X%) illustrated a downward trend over the same period. Seychelles (X p.p.), Cabo Verde (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal and Guinea saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Seychelles ($X) remains the largest frozen and fresh or chilled skipjack tuna supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Guinea, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Seychelles totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Guinea (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced a decline in the export price figures.

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports in Africa

In 2023, after two years of growth, there was decline in supplies from abroad of frozen and fresh or chilled skipjack tuna, when their volume decreased by X% to X tons. Total imports indicated noticeable growth from 2012 to 2023: its volume 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. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2022, and then dropped slightly in the following year.

In value terms, imports of frozen and fresh or chilled skipjack tuna declined slightly to $X in 2023. Total imports indicated slight growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, Mauritius (X tons) represented the major importer of frozen and fresh or chilled skipjack tuna, generating X% of total imports. Tunisia (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Madagascar (X%), Seychelles (X%), Morocco (X%) and Cote d'Ivoire (X%). Cabo Verde (X tons) followed a long way behind the leaders.

Imports into Mauritius increased at an average annual rate of X% from 2012 to 2023. At the same time, Cabo Verde (X%), Morocco (X%), Madagascar (X%), Tunisia (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Seychelles (X%) illustrated a downward trend over the same period. While the share of Tunisia (X p.p.), Morocco (X p.p.), Madagascar (X p.p.), Cabo Verde (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Mauritius (X p.p.) and Seychelles (X p.p.) displayed negative dynamics.

In value terms, Mauritius ($X) constitutes the largest market for imported frozen and fresh or chilled skipjack tuna in Africa, comprising X% of total imports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total imports. It was followed by Madagascar, with an X% share.

In Mauritius, imports of frozen and fresh or chilled skipjack tuna remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Tunisia (X% per year) and Madagascar (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform