ECOWAS: Meat Market 2025

Meat Market Size in ECOWAS

The ECOWAS meat market stood at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Meat Production in ECOWAS

In value terms, meat production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The country with the largest volume of meat production was Nigeria (X tons), accounting for X% of total volume. Moreover, meat 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 production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Cote d'Ivoire (X% per year).

The average meat yield was estimated at X kg per head in 2022, stabilizing at 2021. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid 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 yield remained at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for meat production in ECOWAS; therefore, remained relatively stable against 2021 figures. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2018 with an increase of X%. The level of producing animals peaked at X heads in 2021, and then fell in the following year.

Meat Exports

Exports in ECOWAS

In 2022, exports of meat in ECOWAS contracted slightly to X tons, which is down by X% against the previous year. Overall, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, meat exports declined slightly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Benin (X tons) represented the largest exporter of meat, constituting X% of total exports. Cote d'Ivoire (X tons) held the second position in the ranking, followed by Senegal (X tons) and Nigeria (X tons). All these countries together held approx. X% share of total exports. Mali (X tons) took a minor share of total exports.

Benin was also the fastest-growing in terms of the meat exports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%), Senegal (X%) and Mali (X%) illustrated a downward trend over the same period. Benin (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire, Mali and Senegal saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Benin ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Mali and Nigeria lagged somewhat behind, together comprising a further X%.

Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. 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 ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.

Meat Imports

Imports in ECOWAS

In 2022, overseas purchases of meat decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, meat imports contracted to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Ghana (X tons), Liberia (X tons) and Senegal (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), creating a X% share of total imports. The following importers - Cabo Verde (X tons), Mali (X tons) and Sierra Leone (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest meat importing markets in ECOWAS were Ghana ($X), Senegal ($X) and Liberia ($X), together accounting for X% of total imports. Cabo Verde, Mali, Cote d'Ivoire and Sierra Leone lagged somewhat behind, together accounting for a further X%.

Mali, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded 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 remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mali ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform