Africa: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Africa

In 2020, the African frozen atlantic halibut market was finally on the rise to reach $X after five years of decline. Overall, consumption, however, showed a pronounced increase. The pace of growth was the most pronounced in 2013 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Frozen Atlantic Halibut Production in Africa

In value terms, frozen atlantic halibut production soared to $X in 2020 estimated in export prices. In general, production, however, continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2012 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Africa

Senegal (X tons) remains the largest frozen atlantic halibut producing country in Africa, accounting for X% of total volume. Moreover, frozen atlantic halibut production in Senegal exceeded the figures recorded by the second-largest producer, Mozambique (X kg), fivefold. Niger (X kg) ranked third in terms of total production with a X% share.

In Senegal, frozen atlantic halibut production remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Mozambique (+X% per year) and Niger (+X% per year).

Frozen Atlantic Halibut Exports

Exports in Africa

In 2020, frozen atlantic halibut exports in Africa soared to X tons, with an increase of X% against 2019 figures. Overall, exports, however, continue to indicate a noticeable descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. from 2016 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, frozen atlantic halibut exports expanded modestly to $X in 2020. In general, exports, however, saw a pronounced downturn. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2016 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Senegal prevails in frozen atlantic halibut exports structure, finishing at X tons, which was approx. X% of total exports in 2020. South Africa (X kg) followed a long way behind the leaders.

Senegal was also the fastest-growing in terms of the frozen atlantic halibut exports, with a CAGR of +X% from 2007 to 2020. South Africa (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Senegal increased by +X% percentage points, while South Africa (-X p.p.) saw their share reduced.

In value terms, Senegal ($X) remains the largest frozen atlantic halibut supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports.

In Senegal, frozen atlantic halibut exports increased at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

In 2020, the frozen atlantic halibut export price in Africa amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2016 when the export price increased by X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2017 to 2020, the growth in terms of the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was South Africa ($X per ton), while Senegal stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Africa.

Frozen Atlantic Halibut Imports

Imports in Africa

After five years of decline, supplies from abroad of frozen atlantic halibut increased by X% to X tons in 2020. Over the period under review, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut imports soared to $X in 2020. Overall, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

Egypt prevails in frozen atlantic halibut imports structure, finishing at X tons, which was near X% of total imports in 2020. It was distantly followed by Equatorial Guinea (X tons), making up a X% share of total imports. Congo (X tons) took a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen atlantic halibut imports into Egypt stood at +X%. At the same time, Congo (+X%) and Equatorial Guinea (+X%) displayed positive paces of growth. Moreover, Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2020. Egypt (+X p.p.), Equatorial Guinea (+X p.p.) and Congo (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported frozen atlantic halibut in Africa, comprising X% of total imports. The second position in the ranking was occupied by Congo ($X), with a X% share of total imports.

In Egypt, frozen atlantic halibut imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Congo (+X% per year) and Equatorial Guinea (+X% per year).

Import Prices by Country

In 2020, the frozen atlantic halibut import price in Africa amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of X% year-to-year. Over the period under review, import prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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