ECOWAS: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in ECOWAS

The ECOWAS preserved fish fillet market surged to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, saw a perceptible setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Preserved Fish Fillet Production in ECOWAS

In value terms, preserved fish fillet production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Preserved Fish Fillet Exports

Exports in ECOWAS

In 2023, after two years of growth, there was significant decline in overseas shipments of fish fillets (dried, salted or in brine, but not smoked), when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed a modest expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, preserved fish fillet exports declined markedly to $X in 2023. Overall, exports, however, showed strong growth. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Guinea (X tons) represented the major exporter of fish fillets (dried, salted or in brine, but not smoked), comprising X% of total exports. Ghana (X tons) held the second position in the ranking, distantly followed by Senegal (X tons). All these countries together took approx. X% share of total exports. Cote d'Ivoire (X tons), Gambia (X tons) and Nigeria (X tons) took a relatively small share of total exports.

Guinea was also the fastest-growing in terms of the fish fillets (dried, salted or in brine, but not smoked) exports, with a CAGR of X% from 2012 to 2023. At the same time, Nigeria (X%), Ghana (X%) and Senegal (X%) displayed positive paces of growth. By contrast, Gambia (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. Guinea (X p.p.), Ghana (X p.p.), Senegal (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Gambia and Cote d'Ivoire saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest preserved fish fillet supplying countries in ECOWAS were Guinea ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total exports.

Among the main exporting countries, Guinea, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 ECOWAS amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Preserved Fish Fillet Imports

Imports in ECOWAS

In 2023, preserved fish fillet imports in ECOWAS soared to X tons, picking up by X% on the previous year's figure. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, preserved fish fillet imports surged to $X in 2023. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Ghana (X tons) represented the main importer of fish fillets (dried, salted or in brine, but not smoked), committing X% of total imports. It was distantly followed by Nigeria (X tons), creating a X% share of total imports.

Ghana was also the fastest-growing in terms of the fish fillets (dried, salted or in brine, but not smoked) imports, with a CAGR of X% from 2012 to 2023. At the same time, Nigeria (X%) displayed positive paces of growth. Ghana (X p.p.) and Nigeria (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, Ghana ($X) constitutes the largest market for imported fish fillets (dried, salted or in brine, but not smoked) in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports.

In Ghana, preserved fish fillet imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Source: IndexBox Platform