ECOWAS: Candied Fruit Market 2024

Candied Fruit Market Size in ECOWAS

The ECOWAS candied fruit market expanded slightly to $X in 2021, increasing by 1.8% against the previous year. In general, consumption enjoyed a resilient increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Candied Fruit Production in ECOWAS

In value terms, candied fruit production reached $X in 2021 estimated in export price. Overall, production recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 46%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Nigeria (X tons) remains the largest candied fruit producing country in ECOWAS, accounting for 66% of total volume. Moreover, candied fruit production in Nigeria exceeded the figures recorded by the second-largest producer, Niger (X tons), ninefold. Burkina Faso (X tons) ranked third in terms of total production with a 6.6% share.

In Nigeria, candied fruit production expanded at an average annual rate of +12.6% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Niger (+11.6% per year) and Burkina Faso (+6.0% per year).

Candied Fruit Exports

Exports in ECOWAS

In 2021, approx. X tons of candied fruits were exported in ECOWAS; with a decrease of -67.3% compared with 2020. Overall, exports saw a deep setback. The growth pace was the most rapid in 2016 with an increase of 458%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, candied fruit exports dropped significantly to $X in 2021. Over the period under review, exports, however, posted a mild increase. The pace of growth appeared the most rapid in 2016 with an increase of 737%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Ghana (X tons) was the main exporter of candied fruits, making up 65% of total exports. Senegal (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Burkina Faso (8.9%) and Cote d'Ivoire (5.7%). Togo (X kg) and Nigeria (X kg) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the candied fruits exports, with a CAGR of +48.6% from 2012 to 2021. At the same time, Burkina Faso (+6.5%), Togo (+5.7%), Senegal (+4.8%) and Cote d'Ivoire (+1.6%) displayed positive paces of growth. By contrast, Nigeria (-38.0%) illustrated a downward trend over the same period. While the share of Ghana (+64 p.p.), Senegal (+10 p.p.), Burkina Faso (+6.7 p.p.), Cote d'Ivoire (+3.5 p.p.) and Togo (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Nigeria (-76.7 p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest candied fruit supplier in ECOWAS, comprising 60% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 20% share of total exports. It was followed by Senegal, with an 11% share.

In Ghana, candied fruit exports expanded at an average annual rate of +49.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Burkina Faso (+15.2% per year) and Senegal (+2.7% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by 232%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Burkina Faso ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+17.5%), while the other leaders experienced more modest paces of growth.

Candied Fruit Imports

Imports in ECOWAS

In 2021, imports of candied fruits in ECOWAS shrank to X tons, dropping by -6.8% compared with 2020. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.2% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 41% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, candied fruit imports declined to $X in 2021. Overall, imports showed a perceptible decline. The pace of growth was the most pronounced in 2015 with an increase of 30%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Gambia represented the largest importing country with an import of about X tons, which reached 60% of total imports. It was distantly followed by Senegal (X tons) and Ghana (X tons), together making up a 29% share of total imports. Nigeria (X tons), Cabo Verde (X tons), Mali (X tons) and Cote d'Ivoire (X tons) followed a long way behind the leaders.

Gambia was also the fastest-growing in terms of the candied fruits imports, with a CAGR of +34.3% from 2012 to 2021. At the same time, Senegal (+28.7%), Mali (+28.2%), Ghana (+4.2%) and Cote d'Ivoire (+3.2%) displayed positive paces of growth. By contrast, Cabo Verde (-13.2%) and Nigeria (-24.2%) illustrated a downward trend over the same period. While the share of Gambia (+54 p.p.) and Senegal (+19 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Cabo Verde (-8.8 p.p.) and Nigeria (-47.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest candied fruit importing markets in ECOWAS were Senegal ($X), Gambia ($X) and Ghana ($X), together comprising 66% of total imports. Nigeria, Cabo Verde, Mali and Cote d'Ivoire lagged somewhat behind, together comprising a further 27%.

In terms of the main importing countries, Mali, with a CAGR of +36.7%, recorded the highest growth rate of 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

In 2021, the import price in ECOWAS amounted to $X per ton, dropping by -6.9% against the previous year. Over the period under review, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by 33%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per ton), while Gambia ($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 (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform