ECOWAS: Market for Non-Alcoholic Beverages, Not Containing Milk 2024

Market Size for Non-Alcoholic Beverages, Not Containing Milk in ECOWAS

The ECOWAS market for non-alcoholic beverages, not containing milk surged to $X in 2022, with an increase of 27% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Non-Alcoholic Beverages, Not Containing Milk in ECOWAS

In value terms, non-alcoholic beverage, not containing milk production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Non-Alcoholic Beverages, Not Containing Milk

Exports in ECOWAS

In 2022, shipments abroad of non-alcoholic beverages, not containing milk decreased by -21.1% to X litres, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 152% against the previous year. As a result, the exports attained the peak of X litres. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-alcoholic beverage, not containing milk exports declined to $X in 2022. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2020 with an increase of 153%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Senegal represented the largest exporting country with an export of about X litres, which finished at 55% of total exports. Ghana (X litres) ranks second in terms of the total exports with a 29% share, followed by Togo (8.2%) and Nigeria (4.9%). Cote d'Ivoire (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Ghana (with a CAGR of +41.2%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) remains the largest non-alcoholic beverage, not containing milk supplier in ECOWAS, comprising 74% of total exports. The second position in the ranking was taken by Ghana ($X), with a 12% share of total exports. It was followed by Togo, with a 6.2% share.

In Senegal, non-alcoholic beverage, not containing milk exports increased at an average annual rate of +33.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+21.8% per year) and Togo (-5.6% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per litre, surging by 26% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. Over the period under review, the export prices attained the maximum at $X per litre in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per litre), while Ghana ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (-2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Alcoholic Beverages, Not Containing Milk

Imports in ECOWAS

In 2022, after five years of growth, there was significant decline in supplies from abroad of non-alcoholic beverages, not containing milk, when their volume decreased by -11.6% to X litres. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 34%. Over the period under review, imports attained the maximum at X litres in 2021, and then declined in the following year.

In value terms, non-alcoholic beverage, not containing milk imports dropped to $X in 2022. In general, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 28%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ghana (X litres), Senegal (X litres), Mali (X litres), Cote d'Ivoire (X litres), Burkina Faso (X litres) and Nigeria (X litres) was the main importer of non-alcoholic beverages, not containing milk in ECOWAS, constituting 79% of total import. Togo (X litres) held a 5% share (based on physical terms) of total imports, which put it in second place, followed by Guinea-Bissau (4.9%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mali (with a CAGR of +37.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alcoholic beverage, not containing milk importing markets in ECOWAS were Ghana ($X), Nigeria ($X) and Senegal ($X), together accounting for 50% of total imports. Cote d'Ivoire, Mali, Burkina Faso, Guinea-Bissau and Togo lagged somewhat behind, together comprising a further 39%.

Mali, with a CAGR of +31.5%, saw the highest growth rate of the value of imports, in terms of 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 litre, approximately equating the previous year. Over the period under review, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the import price increased by 3.8% against the previous year. The level of import peaked at $X per litre in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per litre), while Togo ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea-Bissau (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform