ECOWAS: Citrus Fruit Market 2024

Citrus Fruit Market Size in ECOWAS

In 2022, after three years of growth, there was decline in the ECOWAS citrus fruit market, when its value decreased by X% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Citrus Fruit Production in ECOWAS

In value terms, citrus fruit production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Nigeria (X tons) remains the largest citrus fruit producing country in ECOWAS, accounting for X% of total volume. Moreover, citrus fruit production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana (X tons), sixfold. Mali (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nigeria was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Ghana (X% per year) and Mali (X% per year).

In 2022, the average yield of citrus fruits in ECOWAS totaled X tons per ha, approximately equating 2021. In general, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the citrus fruit yield attained the maximum level at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of citrus fruits production in ECOWAS contracted slightly to X ha, approximately reflecting 2021 figures. Overall, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to citrus fruit production attained the peak figure at X ha in 2021, and then fell slightly in the following year.

Citrus Fruit Exports

Exports in ECOWAS

In 2022, overseas shipments of citrus fruits increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, citrus fruit exports shrank to $X in 2022. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Ghana (X tons) represented the largest exporter of citrus fruits, creating X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), generating a X% share of total exports.

Ghana was also the fastest-growing in terms of the citrus fruits exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. While the share of Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest citrus fruit supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports.

In Ghana, citrus fruit exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Cote d'Ivoire amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Citrus Fruit Imports

Imports in ECOWAS

In 2022, after ten years of growth, there was significant decline in supplies from abroad of citrus fruits, when their volume decreased by X% to X tons. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, citrus fruit imports dropped to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Cote d'Ivoire (X tons) represented the largest importer of citrus fruits, achieving X% of total imports. Burkina Faso (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%), Nigeria (X%), Mali (X%) and Cabo Verde (X%). Ghana (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to citrus fruit imports into Cote d'Ivoire stood at X%. At the same time, Nigeria (X%), Mali (X%), Burkina Faso (X%), Ghana (X%), Senegal (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Nigeria, Cote d'Ivoire, Mali and Burkina Faso increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest citrus fruit importing markets in ECOWAS were Cote d'Ivoire ($X), Nigeria ($X) and Senegal ($X), together comprising X% of total imports.

Among the main importing countries, Nigeria, with a CAGR of X%, recorded 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, declining by X% against the previous year. In general, the import price showed a pronounced decrease. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, 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 Cabo Verde ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform