Africa: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Africa

The African market for frozen, dried and smoked fish amounted to $X in 2023, remaining constant 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. The level of consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Production of Frozen, Dried And Smoked Fish in Africa

In value terms, frozen, dried and smoked fish production expanded modestly to $X in 2023 estimated in export price. The total production indicated a noticeable 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Frozen, Dried And Smoked Fish

Exports in Africa

In 2023, the amount of frozen, dried and smoked fish exported in Africa reached X tons, increasing by X% compared with the previous year. Total exports indicated a tangible increase 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. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish exports expanded to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Mauritania (X tons), Morocco (X tons), Senegal (X tons) and Namibia (X tons), together resulting at X% of total export. It was distantly followed by Seychelles (X tons), achieving a X% share of total exports. South Africa (X tons), Mauritius (X tons), Angola (X tons), Tanzania (X tons), Guinea-Bissau (X tons) and Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Angola (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Morocco ($X) and Mauritania ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Senegal, South Africa, Seychelles, Tanzania, Mauritius, Angola, Ghana and Guinea-Bissau lagged somewhat behind, together comprising a further X%.

Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, approximately reflecting the previous year. In general, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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

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

Imports of Frozen, Dried And Smoked Fish

Imports in Africa

In 2023, frozen, dried and smoked fish imports in Africa expanded to X tons, growing by X% on the year before. The total import volume 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. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, frozen, dried and smoked fish imports shrank to $X in 2023. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Cote d'Ivoire (X tons), distantly followed by Nigeria (X tons), Burkina Faso (X tons), Ghana (X tons), Egypt (X tons) and Cameroon (X tons) were the largest importers of frozen, dried and smoked fish, together committing X% of total imports. The following importers - Mauritius (X tons), South Africa (X tons), Democratic Republic of the Congo (X tons), Benin (X tons), Zambia (X tons), Mali (X tons) and Togo (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Zambia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Egypt ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Mauritius, South Africa, Ghana, Cameroon, Zambia, Democratic Republic of the Congo, Benin, Mali, Togo and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Among 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

The import price in Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price saw a perceptible slump. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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