ECOWAS: Canned Mushroom Market 2025

Canned Mushroom Market Size in ECOWAS

The ECOWAS canned mushroom market surged to $X in 2022, jumping by 51% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +101.2% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Canned Mushroom Production in ECOWAS

In value terms, canned mushroom production totaled $X in 2022 estimated in export price. Over the period under review, production showed a precipitous decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by 100%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Canned Mushroom Exports

Exports in ECOWAS

In 2022, exports of canned mushrooms in ECOWAS skyrocketed to X tons, with an increase of 183% on 2021. In general, exports, however, recorded a dramatic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 278% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, canned mushroom exports soared to $X in 2022. Over the period under review, exports, however, faced a deep slump. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mali represented the key exporting country with an export of around X tons, which amounted to 49% of total exports. It was distantly followed by Gambia (X tons), Togo (X tons) and Nigeria (X tons), together generating a 49% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Togo (with a CAGR of +50.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Mali ($X) emerged as the largest canned mushroom supplier in ECOWAS, comprising 88% of total exports. The second position in the ranking was taken by Gambia ($X), with a 3.6% share of total exports. It was followed by Togo, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mali was relatively modest. In the other countries, the average annual rates were as follows: Gambia (-7.8% per year) and Togo (+40.8% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, growing by 219% against the previous year. Overall, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+5.3%), while the other leaders experienced a decline in the export price figures.

Canned Mushroom Imports

Imports in ECOWAS

In 2022, approx. X tons of canned mushrooms were imported in ECOWAS; picking up by 45% against 2021 figures. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.4% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, canned mushroom imports skyrocketed to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +125.1% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Cote d'Ivoire (X tons) and Nigeria (X tons) were the key importers of canned mushrooms in 2022, amounting to approx. 29% and 27% of total imports, respectively. Senegal (X tons) held the next position in the ranking, followed by Cabo Verde (X tons) and Ghana (X tons). All these countries together held near 27% share of total imports. The following importers - Togo (X tons) and Benin (X tons) - each amounted to an 8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Cabo Verde ($X) constituted the countries with the highest levels of imports in 2022, together comprising 70% of total imports.

Among the main importing countries, Nigeria, with a CAGR of +13.0%, 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 ECOWAS stood at $X per ton in 2022, growing by 5.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 20%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cabo Verde ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform