ECOWAS: Market for Fresh Or Chilled Cuts Of Turkey 2025

Market Size for Fresh Or Chilled Cuts Of Turkey in ECOWAS

The ECOWAS market for fresh or chilled cuts of turkey declined to $X in 2022, falling by -2.9% against the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.6% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Fresh Or Chilled Cuts Of Turkey in ECOWAS

In value terms, fresh or chilled turkey cut production contracted to $X in 2022 estimated in export price. The total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 22% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The country with the largest volume of fresh or chilled turkey cut production was Burkina Faso (X tons), comprising approx. 76% of total volume. Moreover, fresh or chilled turkey cut production in Burkina Faso exceeded the figures recorded by the second-largest producer, Gambia (X tons), threefold.

In Burkina Faso, fresh or chilled turkey cut production expanded at an average annual rate of +1.9% over the period from 2012-2022.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports in ECOWAS

Fresh or chilled turkey cut exports dropped rapidly to X kg in 2021, reducing by -99.9% against 2020. Over the period under review, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2016 with an increase of 531%. Over the period under review, the exports hit record highs at X tons in 2020, and then declined rapidly in the following year.

In value terms, fresh or chilled turkey cut exports plummeted to $X in 2021. Overall, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2016 with an increase of 763%. Over the period under review, the exports reached the peak figure at $X in 2020, and then contracted significantly in the following year.

Exports by Country

In 2021, Ghana (X kg) represented the largest exporter of fresh or chilled cuts of turkey in ECOWAS, making up 100% of total export.

Ghana was also the fastest-growing in terms of the fresh or chilled cuts of turkey exports, with a CAGR of -30.8% from 2012 to 2021. From 2012 to 2021, the share of Ghana increased by +61 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In Ghana, fresh or chilled turkey cut exports declined by an average annual rate of -30.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, with an increase of 8.1% against the previous year. Over the period under review, the export price, however, saw a slight contraction. The pace of growth was the most pronounced in 2014 an increase of 72%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to +0.5% per year.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in ECOWAS

In 2022, overseas purchases of fresh or chilled cuts of turkey were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 127% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh or chilled turkey cut imports reduced to $X in 2022. In general, imports, however, continue to indicate a mild descent. The pace of growth appeared the most rapid in 2019 when imports increased by 136% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Benin represented the main importing country with an import of around X tons, which recorded 60% of total imports. Ghana (X tons) ranks second in terms of the total imports with a 14% share, followed by Guinea (9.2%) and Liberia (5.3%). The following importers - Togo (X tons) and Cabo Verde (X tons) - each amounted to an 8.4% share of total imports.

Imports into Benin decreased at an average annual rate of -2.9% from 2012 to 2022. At the same time, Cabo Verde (+41.7%), Ghana (+26.2%) and Guinea (+3.9%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +41.7% from 2012-2022. By contrast, Liberia (-3.1%) and Togo (-3.8%) illustrated a downward trend over the same period. Ghana (+13 p.p.), Cabo Verde (+3.8 p.p.) and Guinea (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while Togo and Benin saw its share reduced by -1.5% and -13.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Benin ($X) constitutes the largest market for imported fresh or chilled cuts of turkey in ECOWAS, comprising 66% of total imports. The second position in the ranking was held by Ghana ($X), with a 12% share of total imports. It was followed by Guinea, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Benin totaled -3.1%. In the other countries, the average annual rates were as follows: Ghana (+28.8% per year) and Guinea (+5.4% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, dropping by -15.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 50% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per ton), while Togo ($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 (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform