ECOWAS: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in ECOWAS

The ECOWAS crab and crab meat market rose modestly to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Crabs and Crab Meat in ECOWAS

In value terms, crab and crab meat production rose to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Crabs and Crab Meat

Exports in ECOWAS

In 2023, exports of crabs and crab meat in ECOWAS reduced remarkably to X tons, with a decrease of X% compared with 2022. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, crab and crab meat exports contracted rapidly to $X in 2023. Over the period under review, exports showed a pronounced decline. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal was the key exporter of crabs and crab meat in ECOWAS, with the volume of exports recording X tons, which was near X% of total exports in 2023. Gambia (X tons) held the second position in the ranking, followed by Nigeria (X tons). All these countries together held near X% share of total exports.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2023. At the same time, Gambia (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Senegal and Gambia increased by X and X percentage points, respectively.

In value terms, Senegal ($X) emerged as the largest crab and crab meat supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.

In Senegal, crab and crab meat exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Gambia (X% per year).

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Gambia ($X per ton) was 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 Crabs and Crab Meat

Imports in ECOWAS

In 2023, approx. X tons of crabs and crab meat were imported in ECOWAS; dropping by X% compared with 2022. Overall, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then dropped significantly in the following year.

In value terms, crab and crab meat imports declined dramatically to $X in 2023. In general, imports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then reduced markedly in the following year.

Imports by Country

In 2023, Cote d'Ivoire (X tons) was the largest importer of crabs and crab meat, generating X% of total imports. It was distantly followed by Cabo Verde (X tons), Ghana (X tons) and Liberia (X tons), together making up a X% share of total imports.

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

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported crabs and crab meat in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cabo Verde ($X), with a X% share of total imports. It was followed by Liberia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Cote d'Ivoire totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Cabo Verde (X% per year) and Liberia (X% per year).

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana ($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 a decline in the import price figures.

Source: IndexBox Platform