ECOWAS: Baby Food Market 2024

Baby Food Market Size in ECOWAS

In 2021, the ECOWAS baby food market decreased by -17% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption showed a abrupt decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Baby Food Production in ECOWAS

In value terms, baby food production reached $X in 2021 estimated in export price. Overall, production, however, saw a deep slump. The growth pace was the most rapid in 2016 when the production volume increased by 21% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Baby Food Exports

Exports in ECOWAS

In 2021, the amount of food preparations for infants exported in ECOWAS fell dramatically to X tons, waning by -22.1% compared with 2020. Overall, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 33% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, baby food exports fell to $X in 2021. In general, exports showed a perceptible decrease. The pace of growth was the most pronounced in 2013 when exports increased by 34%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Ghana was the key exporting country with an export of about X tons, which resulted at 63% of total exports. Burkina Faso (X tons) took the second position in the ranking, distantly followed by Niger (X tons) and Nigeria (X tons). All these countries together held approx. 34% share of total exports. Senegal (X tons) held a relatively small share of total exports.

Exports from Ghana decreased at an average annual rate of -6.2% from 2012 to 2021. At the same time, Burkina Faso (+30.6%), Niger (+23.0%) and Nigeria (+16.3%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +30.6% from 2012-2021. By contrast, Senegal (-2.4%) illustrated a downward trend over the same period. Burkina Faso (+17 p.p.), Niger (+7.3 p.p.) and Nigeria (+5.3 p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by -26.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest baby food supplier in ECOWAS, comprising 66% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 19% share of total exports. It was followed by Niger, with an 8.9% share.

In Ghana, baby food exports declined by an average annual rate of -8.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Burkina Faso (+26.1% per year) and Niger (+23.2% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, picking up by 22% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Baby Food Imports

Imports in ECOWAS

After seven years of growth, supplies from abroad of food preparations for infants decreased by -58.1% to X tons in 2021. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 99%. Over the period under review, imports attained the maximum at X tons in 2020, and then declined sharply in the following year.

In value terms, baby food imports declined sharply to $X in 2021. Overall, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 55%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the main importer of food preparations for infants in ECOWAS, with the volume of imports reaching X tons, which was approx. 50% of total imports in 2021. Burkina Faso (X tons) held the second position in the ranking, followed by Cote d'Ivoire (X tons), Senegal (X tons) and Guinea (X tons). All these countries together held approx. 36% share of total imports. The following importers - Sierra Leone (X tons) and Mali (X tons) - each accounted for a 4.3% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to baby food imports into Nigeria stood at +12.7%. At the same time, Burkina Faso (+32.3%), Guinea (+17.7%), Senegal (+15.9%), Sierra Leone (+13.1%), Mali (+12.5%) and Cote d'Ivoire (+11.7%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +32.3% from 2012-2021. While the share of Burkina Faso (+9.3 p.p.), Senegal (+1.8 p.p.) and Guinea (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported food preparations for infants in ECOWAS, comprising 38% of total imports. The second position in the ranking was held by Burkina Faso ($X), with a 16% share of total imports. It was followed by Cote d'Ivoire, with a 15% share.

In Nigeria, baby food imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Burkina Faso (+33.2% per year) and Cote d'Ivoire (+7.1% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, picking up by 58% against the previous year. Overall, the import price, however, saw a abrupt decrease. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform