Western Africa: Tilapias Market 2022

Tilapias Market Size in Western Africa

After four years of growth, the West African tilapias market decreased by -X% to $X in 2021. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2016 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Tilapias Production in Western Africa

In value terms, tilapias production shrank to $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020, and then reduced in the following year.

Tilapias Exports

Exports in Western Africa

Tilapias exports soared to X tons in 2021, rising by X% against the previous year's figure. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, tilapias exports soared to $X in 2021. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Senegal represented the key exporter of tilapias in Western Africa, with the volume of exports amounting to X tons, which was near X% of total exports in 2021. It was distantly followed by Mauritania (X tons), generating an X% share of total exports. Cote d'Ivoire (X tons) and Togo (X tons) followed a long way behind the leaders.

Senegal was also the fastest-growing in terms of the tilapias exports, with a CAGR of +X% from 2012 to 2021. Mauritania (-X%), Togo (-X%) and Cote d'Ivoire (-X%) illustrated a downward trend over the same period. While the share of Senegal (+X p.p.) and Togo (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Mauritania (-X p.p.) and Cote d'Ivoire (-X p.p.) displayed negative dynamics.

In value terms, Senegal ($X) remains the largest tilapias supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Mauritania ($X), with an X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In Senegal, tilapias exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritania (-X% per year) and Cote d'Ivoire (-X% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, which is down by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the the export prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was Mauritania ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (-X%), while the other leaders experienced a decline in the export price figures.

Tilapias Imports

Imports in Western Africa

In 2021, tilapias imports in Western Africa declined notably to X tons, falling by -X% on the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, tilapias imports plummeted to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Cote d'Ivoire (X tons) represented the largest importer of tilapias, making up X% of total imports. It was distantly followed by Ghana (X tons) and Benin (X tons), together creating a X% share of total imports. Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to tilapias imports into Cote d'Ivoire stood at +X%. At the same time, Benin (+X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +X% from 2012-2021. Ghana experienced a relatively flat trend pattern. By contrast, Nigeria (-X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (+X p.p.) and Benin (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Nigeria (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported tilapias in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Benin, with a X% share.

In Cote d'Ivoire, tilapias imports increased at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+X% per year) and Benin (-X% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, 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.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :