ECOWAS: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2025

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in ECOWAS

In 2021, the ECOWAS meat meals and pellets market increased by 0.1% to $X, rising for the sixth consecutive year after two years of decline. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 +55.7% against 2015 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in ECOWAS

In value terms, meat meals and pellets production declined to $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.0% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports in ECOWAS

In 2021, meat meals and pellets exports in ECOWAS reduced notably to X tons, with a decrease of -89.4% on the previous year's figure. In general, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2014 when exports increased by 624%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, meat meals and pellets exports reduced markedly to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 1,924%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Senegal dominates exports structure, resulting at X tons, which was approx. 92% of total exports in 2021. It was distantly followed by Nigeria (X tons), constituting an 8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to meat meals and pellets exports from Senegal stood at +5.1%. At the same time, Nigeria (+26.1%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +26.1% from 2012-2021. While the share of Senegal (+53 p.p.) and Nigeria (+8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest meat meals and pellets supplier in ECOWAS, comprising 73% of total exports. The second position in the ranking was held by Nigeria ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Senegal amounted to +3.2%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, picking up by 7.7% against the previous year. In general, the export price continues to indicate temperate growth. The growth pace was the most rapid in 2014 when the export price increased by 180%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Senegal totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (-1.7%).

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports in ECOWAS

In 2021, overseas purchases of flours, meals and pellets of meat or meat offal increased by 128% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2013 with an increase of 391% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, meat meals and pellets imports surged to $X in 2021. Overall, imports showed a significant increase. The growth pace was the most rapid in 2013 when imports increased by 452%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Nigeria was the largest importing country with an import of about X tons, which resulted at 86% of total imports. It was distantly followed by Ghana (X tons), generating a 12% share of total imports.

Nigeria was also the fastest-growing in terms of the flours, meals and pellets of meat or meat offal imports, with a CAGR of +162.5% from 2012 to 2021. At the same time, Ghana (+22.0%) displayed positive paces of growth. From 2012 to 2021, the share of Nigeria increased by +85 percentage points.

In value terms, Nigeria ($X) constitutes the largest market for imported flours, meals and pellets of meat or meat offal in ECOWAS, comprising 85% of total imports. The second position in the ranking was held by Ghana ($X), with a 9.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Nigeria stood at +151.9%.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, rising by 5.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 12%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+0.4%).

Source: IndexBox Platform