Western Africa: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Western Africa

The West African market for prepared or preserved crab meat amounted to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a tangible 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 increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Prepared Or Preserved Crab Meat in Western Africa

In value terms, prepared or preserved crab meat production expanded to $X in 2023 estimated in export price. In general, production enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports in Western Africa

Prepared or preserved crab meat exports skyrocketed to X kg in 2023, increasing by X% against the year before. Overall, exports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports surged to $X in 2023. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Nigeria (X kg), together recording X% of total export.

Nigeria was also the fastest-growing in terms of the prepared or preserved crab meat exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Nigeria increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest prepared or preserved crab meat supplier in Western Africa.

From 2012 to 2023, the average annual growth rate of value in Nigeria totaled X%.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, posted strong growth. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2023, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Imports of Prepared Or Preserved Crab Meat

Imports in Western Africa

In 2023, approx. X tons of prepared or preserved crab meat were imported in Western Africa; with an increase of X% on 2022 figures. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports skyrocketed to $X in 2023. In general, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Burkina Faso dominates imports structure, recording X tons, which was near X% of total imports in 2023. The following importers - Ghana (X tons) and Benin (X tons) - each resulted at a X% share of total imports.

Burkina Faso was also the fastest-growing in terms of the prepared or preserved crab meat imports, with a CAGR of X% from 2012 to 2023. At the same time, Benin (X%) and Ghana (X%) displayed positive paces of growth. While the share of Burkina Faso (X p.p.) and Benin (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Burkina Faso ($X) constitutes the largest market for imported prepared or preserved crab meat in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Benin ($X), with a X% share of total imports.

In Burkina Faso, prepared or preserved crab meat imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Benin (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price saw a sharp setback. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform