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

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

In 2023, after two years of growth, there was significant decline in the ECOWAS market for frozen and fresh or chilled skipjack tuna, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a prominent increase. The level of consumption peaked at $X in 2022, and then declined in the following year.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in ECOWAS

In value terms, production of frozen and fresh or chilled skipjack tuna contracted to $X in 2023 estimated in export price. Overall, production showed a prominent increase. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports in ECOWAS

In 2023, exports of frozen and fresh or chilled skipjack tuna in ECOWAS dropped dramatically to X tons, with a decrease of X% compared with the previous year's figure. Over the period under review, exports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, exports of frozen and fresh or chilled skipjack tuna contracted dramatically to $X in 2023. In general, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

Senegal (X tons) and Guinea (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Cabo Verde (X tons) and Ghana (X tons), together making up a X% share of total exports. Cote d'Ivoire (X tons) took a relatively small share of total exports.

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

In value terms, the largest frozen and fresh or chilled skipjack tuna supplying countries in ECOWAS were Senegal ($X), Guinea ($X) and Cabo Verde ($X), with a combined X% share of total exports.

Senegal, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, remaining relatively unchanged against the previous year. In general, the export price saw a perceptible slump. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Cabo Verde ($X per ton) and Guinea ($X per ton), while Ghana ($X per ton) and Cote d'Ivoire ($X per ton) were 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 a decline in the export price figures.

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports in ECOWAS

In 2023, supplies from abroad of frozen and fresh or chilled skipjack tuna decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then reduced sharply in the following year.

In value terms, imports of frozen and fresh or chilled skipjack tuna declined markedly to $X in 2023. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2022, and then fell notably in the following year.

Imports by Country

Cote d'Ivoire (X tons) and Cabo Verde (X tons) represented roughly X% of total imports in 2023. Ghana (X tons) took the next position in the ranking, distantly followed by Senegal (X tons). All these countries together took approx. X% share 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 Cabo Verde (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen and fresh or chilled skipjack tuna importing markets in ECOWAS were Cote d'Ivoire ($X), Cabo Verde ($X) and Ghana ($X), with a combined X% share of total imports.

Among the main importing countries, Cabo Verde, 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

In 2023, the import price in ECOWAS amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Ghana ($X per ton) and Cabo Verde ($X per ton), while Cote d'Ivoire ($X per ton) and Senegal ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform