ECOWAS: Meat And Poultry Market 2025

Meat And Poultry Market Size in ECOWAS

The ECOWAS meat and poultry market fell slightly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Meat And Poultry Production in ECOWAS

In value terms, meat and poultry production rose to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Nigeria (X tons) remains the largest meat and poultry producing country in ECOWAS, accounting for X% of total volume. Moreover, meat and poultry production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), twofold. Cote d'Ivoire (X tons) ranked third in terms of total production with an X% share.

In Nigeria, meat and poultry production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Burkina Faso (X% per year) and Cote d'Ivoire (X% per year).

In 2022, the average yield of meat and poultry in ECOWAS stood at X kg per head, flattening at 2021. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2014 to 2022, the growth of the meat and poultry yield remained at a somewhat lower figure.

In 2022, the number of animals slaughtered for meat and poultry production in ECOWAS shrank to X heads, stabilizing at the previous year. This number increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, this number hit record highs at X heads in 2021, and then reduced slightly in the following year.

Meat And Poultry Exports

Exports in ECOWAS

In 2022, shipments abroad of meat and poultry decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat and poultry exports dropped rapidly to $X in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Benin dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Ghana (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Liberia (X%). Togo (X tons), Cabo Verde (X tons), Cote d'Ivoire (X tons) and Senegal (X tons) held a little share of total exports.

Exports from Benin decreased at an average annual rate of X% from 2012 to 2022. At the same time, Liberia (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Cabo Verde (X%), Cote d'Ivoire (X%), Senegal (X%), Ghana (X%) and Togo (X%) illustrated a downward trend over the same period. While the share of Liberia (X p.p.), Ghana (X p.p.), Cabo Verde (X p.p.), Cote d'Ivoire (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Benin (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Benin ($X) remains the largest meat and poultry supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Benin amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

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

Meat And Poultry Imports

Imports in ECOWAS

In 2022, after five years of growth, there was decline in overseas purchases of meat and poultry, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, meat and poultry imports contracted to $X in 2022. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

Ghana was the main importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Benin (X tons), Liberia (X tons), Guinea (X tons) and Sierra Leone (X tons), together achieving a X% share of total imports. Gambia (X tons) and Togo (X tons) followed a long way behind the leaders.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Guinea (X%), Gambia (X%), Liberia (X%), Sierra Leone (X%) and Togo (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Benin (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Guinea (X p.p.), Liberia (X p.p.) and Gambia (X p.p.) significantly strengthened its position in terms of the total imports, while Benin saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported meat and poultry in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Benin ($X), with an X% share of total imports. It was followed by Guinea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Benin (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price saw a noticeable contraction. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Ghana ($X per ton) and Guinea ($X per ton), while Liberia ($X per ton) and Togo ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform