Western Africa: Market for Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine 2024

Market Size for Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine in Western Africa

The West African market for prepared or preserved fish and dishes other than dried, smoked, salted or in brine rose notably to $X in 2023, picking up by X% against the previous year. Overall, consumption continues to indicate a remarkable increase. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine in Western Africa

In value terms, production of prepared or preserved fish and dishes other than dried, smoked, salted or in brine reached $X in 2023 estimated in export price. Overall, production saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine

Exports in Western Africa

In 2023, after two years of growth, there was significant decline in overseas shipments of prepared or preserved fish and dishes other than dried, smoked, salted or in brine, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of prepared or preserved fish and dishes other than dried, smoked, salted or in brine contracted to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

Ghana was the main exporter of prepared or preserved fish and dishes other than dried, smoked, salted or in brine in Western Africa, with the volume of exports reaching X tons, which was near X% of total exports in 2023. Cote d'Ivoire (X tons) ranks second in terms of the total exports with a X% share, followed by Senegal (X%). Mauritania (X tons) held 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 mixed trends in the exports figures.

In value terms, the largest prepared or preserved fish and dishes supplying countries in Western Africa were Ghana ($X), Cote d'Ivoire ($X) and Senegal ($X), with a combined X% share of total exports.

Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Western Africa 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 growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

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

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

Imports of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine

Imports in Western Africa

In 2023, the amount of prepared or preserved fish and dishes other than dried, smoked, salted or in brine imported in Western Africa rose slightly to X tons, picking up by X% against 2022. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of prepared or preserved fish and dishes other than dried, smoked, salted or in brine rose modestly to $X in 2023. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

Ghana (X tons) and Cote d'Ivoire (X tons) represented the major importers of prepared or preserved fish and dishes other than dried, smoked, salted or in brine in 2023, recording approx. X% and X% of total imports, respectively. It was distantly followed by Mali (X tons) and Mauritania (X tons), together achieving an X% share of total imports. Guinea (X tons), Togo (X tons), Niger (X tons), Sierra Leone (X tons), Nigeria (X tons), Cabo Verde (X tons), Senegal (X tons), Burkina Faso (X tons) and Gambia (X tons) followed a long way behind the leaders.

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

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Mali ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Mali, with a CAGR of X%, saw the highest rates of growth with regard to 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 Western Africa stood at $X per ton in 2023, remaining constant against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then reduced in the following year.

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 Cabo Verde ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform