ECOWAS: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in ECOWAS

The ECOWAS market for pasta stuffed with meat, fish and cheese reached $X in 2022, picking up by 4.1% against the previous year. Over the period under review, consumption posted buoyant growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Pasta Stuffed With Meat, Fish and Cheese in ECOWAS

In value terms, meat, fish or cheese pasta production rose to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 36% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports in ECOWAS

In 2022, shipments abroad of pasta stuffed with meat, fish and cheese increased by 307% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a sharp decrease. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, meat, fish or cheese pasta exports surged to $X in 2022. In general, exports, however, continue to indicate a dramatic setback. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria dominates exports structure, recording X tons, which was approx. 87% of total exports in 2022. It was distantly followed by Gambia (X tons), making up a 5.7% share of total exports. Ghana (X tons) took a relatively small share of total exports.

Exports from Nigeria decreased at an average annual rate of -28.2% from 2012 to 2022. Gambia (-17.6%) and Ghana (-40.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Gambia increased by +14 and +4.5 percentage points, respectively.

In value terms, Nigeria ($X) remains the largest meat, fish or cheese pasta supplier in ECOWAS, comprising 79% of total exports. The second position in the ranking was held by Gambia ($X), with a 9.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at -35.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Gambia (-21.3% per year) and Ghana (-42.8% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, reducing by -19.5% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the export price increased by 46% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Gambia ($X per ton), while Nigeria ($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 (-3.7%), while the other leaders experienced a decline in the export price figures.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports in ECOWAS

In 2022, supplies from abroad of pasta stuffed with meat, fish and cheese decreased by -54.8% to X tons, falling for the seventh consecutive year after four years of growth. In general, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 1,233%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, meat, fish or cheese pasta imports fell rapidly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 2,418%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Togo (X tons) and Senegal (X tons) represented the key importers of pasta stuffed with meat, fish and cheese in ECOWAS, together reaching approx. 66% of total imports. Ghana (X tons) ranks next in terms of the total imports with a 7.5% share, followed by Cabo Verde (6.2%). Cote d'Ivoire (X tons), Mali (X tons), Nigeria (X tons), Benin (X tons), Sierra Leone (X tons) and Burkina Faso (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +33.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest meat, fish or cheese pasta importing markets in ECOWAS were Ghana ($X), Senegal ($X) and Togo ($X), together accounting for 56% of total imports. Cabo Verde, Cote d'Ivoire, Nigeria, Mali, Burkina Faso, Sierra Leone and Benin lagged somewhat behind, together comprising a further 38%.

Among the main importing countries, Nigeria, with a CAGR of +39.3%, saw 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 2022, the import price in ECOWAS amounted to $X per ton, picking up by 23% against the previous year. In general, the import price continues to indicate modest growth. The most prominent rate of growth was recorded in 2013 when the import price increased by 89%. The level of import peaked at $X per ton in 2014; however, from 2015 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 Ghana ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform