ECOWAS - Fresh or Chilled Carcases of Pig Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingECOWAS: Fresh Pork Carcase Market 2024
Fresh Pork Carcase Market Size in ECOWAS
The ECOWAS fresh pork carcase market reduced to $X in 2022, which is down by -2% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2019; afterwards, it flattened through to 2022.
Fresh Pork Carcase Production in ECOWAS
In value terms, fresh pork carcase production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 25% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.
The countries with the highest volumes of production in 2022 were Burkina Faso (X tons), Mali (X tons) and Niger (X tons), with a combined 64% share of total production. Benin, Togo and Guinea-Bissau lagged somewhat behind, together accounting for a further 36%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Togo (with a CAGR of +7.2%), while production for the other leaders experienced more modest paces of growth.
Fresh Pork Carcase Exports
Exports in ECOWAS
In 2022, shipments abroad of fresh or chilled carcases of pig meat was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2019 when exports increased by 5,706% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.
In value terms, fresh pork carcase exports stood at $X in 2022. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 3,480% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.
Exports by Country
Burkina Faso dominates exports structure, resulting at X tons, which was approx. 94% of total exports in 2022. It was distantly followed by Senegal (X kg), creating a 5.6% share of total exports.
From 2012 to 2022, average annual rates of growth with regard to fresh pork carcase exports from Burkina Faso stood at -16.3%. Senegal (-9.5%) illustrated a downward trend over the same period. While the share of Senegal (+3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Burkina Faso (-2.1 p.p.) displayed negative dynamics.
In value terms, Burkina Faso ($X) remains the largest fresh pork carcase supplier in ECOWAS, comprising 91% of total exports. The second position in the ranking was taken by Senegal ($X), with an 8.5% share of total exports.
In Burkina Faso, fresh pork carcase exports plunged by an average annual rate of -11.3% over the period from 2012-2022.
Export Prices by Country
In 2022, the export price in ECOWAS amounted to $X per ton, falling by -6.2% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh pork carcase export price increased by +91.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 53%. The level of export peaked at $X per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Burkina Faso stood at $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+5.9%).
Fresh Pork Carcase Imports
Imports in ECOWAS
In 2022, the amount of fresh or chilled carcases of pig meat imported in ECOWAS contracted sharply to X tons, with a decrease of -17% against 2021. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 143%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.
In value terms, fresh pork carcase imports fell markedly to $X in 2022. In general, imports, however, showed strong growth. The growth pace was the most rapid in 2013 when imports increased by 222% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Imports by Country
Ghana (X tons) and Cote d'Ivoire (X tons) dominates imports structure, together constituting 95% of total imports. Liberia (X tons) held a relatively small share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ghana (with a CAGR of +33.9%), while imports for the other leaders experienced mixed trends in the imports figures.
In value terms, Ghana ($X) constitutes the largest market for imported fresh or chilled carcases of pig meat in ECOWAS, comprising 63% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 27% share of total imports.
From 2012 to 2022, the average annual growth rate of value in Ghana stood at +32.9%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+7.0% per year) and Liberia (-4.5% per year).
Import Prices by Country
In 2022, the import price in ECOWAS amounted to $X per ton, waning by -5.2% against the previous year. Over the period under review, the import price, however, saw a mild increase. The most prominent rate of growth was recorded in 2013 an increase of 106%. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Liberia ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (+12.5%), while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
This report provides an in-depth analysis of the fresh pork carcase market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10111230 - Fresh or chilled carcases and half-carcases, of pig meat (including fresh meat packed with salt as a temporary preservative)
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in ECOWAS, split by region and country
- Trade (exports and imports) in ECOWAS
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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