ECOWAS: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in ECOWAS

The ECOWAS market for frozen pig meat other than cuts or carcases declined to $X in 2022, which is down by -8.6% against the previous year. Overall, consumption, however, continues to indicate a resilient increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in ECOWAS

In value terms, production of frozen pig meat other than cuts or carcases dropped to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 113% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The country with the largest volume of production of frozen pig meat other than cuts or carcases was Nigeria (X tons), comprising approx. 78% of total volume. Moreover, production of frozen pig meat other than cuts or carcases in Nigeria exceeded the figures recorded by the second-largest producer, Niger (X tons), sevenfold. The third position in this ranking was held by Burkina Faso (X tons), with an 8.1% share.

In Nigeria, production of frozen pig meat other than cuts or carcases increased at an average annual rate of +9.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Niger (+10.8% per year) and Burkina Faso (+6.8% per year).

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports in ECOWAS

In 2022, shipments abroad of frozen pig meat other than cuts or carcases decreased by -7.8% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 267%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases contracted to $X in 2022. Over the period under review, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 144%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Cabo Verde (X tons) and Senegal (X tons) were the main exporters of frozen pig meat other than cuts or carcases in ECOWAS, together committing 68% of total exports. It was followed by Cote d'Ivoire (X tons), generating a 32% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +7.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Senegal ($X), Cote d'Ivoire ($X) and Cabo Verde ($X) appeared to be the countries with the highest levels of exports in 2022.

Senegal, with a CAGR of +11.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, dropping by -4.2% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 139%. The level of export peaked at $X per ton in 2013; however, from 2014 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 Senegal ($X per ton), while Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports in ECOWAS

In 2022, overseas purchases of frozen pig meat other than cuts or carcases decreased by -13.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2015 with an increase of 51% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, imports of frozen pig meat other than cuts or carcases contracted to $X in 2022. In general, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 39%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Cote d'Ivoire (X tons) represented the main importer of frozen pig meat other than cuts or carcases, making up 53% of total imports. It was distantly followed by Liberia (X tons) and Ghana (X tons), together making up a 41% share of total imports. Cabo Verde (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ghana (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Liberia ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 79% share of total imports.

Among the main importing countries, Ghana, with a CAGR of +22.2%, 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, almost unchanged from the previous year. In general, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of 4.9%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cabo Verde ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform