Report Update Nov 1, 2024

ECOWAS - Potato Starch - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

ECOWAS: Potato Starch Market 2024

Potato Starch Market Size in ECOWAS

The ECOWAS potato starch market dropped dramatically to $X in 2021, waning by -15.8% against the previous year. Over the period under review, consumption, however, saw a buoyant increase. The level of consumption peaked at $X in 2020, and then shrank remarkably in the following year.

Potato Starch Production in ECOWAS

In value terms, potato starch production reduced markedly to $X in 2021 estimated in export price. In general, production, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 55%. The level of production peaked at $X in 2020, and then contracted significantly in the following year.

Potato Starch Exports

Exports in ECOWAS

In 2021, the amount of potato starch exported in ECOWAS contracted remarkably to X tons, falling by -33.3% on 2020. Over the period under review, exports saw a pronounced downturn. The pace of growth appeared the most rapid in 2020 with an increase of 241% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, potato starch exports declined remarkably to $X in 2021. Overall, exports, however, posted notable growth. The most prominent rate of growth was recorded in 2020 with an increase of 208%. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

In 2021, Niger (X tons) and Senegal (X tons) represented the key exporters of potato starch in ECOWAS, together generating 84% of total exports. It was distantly followed by Nigeria (X tons), comprising a 12% share of total exports. Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +70.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Niger ($X), Senegal ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2021, together comprising 96% of total exports.

In terms of the main exporting countries, Nigeria, with a CAGR of +98.8%, recorded the highest growth rate of the value of exports, 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 2021, falling by -2.1% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 83%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, 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 Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+34.0%), while the other leaders experienced more modest paces of growth.

Potato Starch Imports

Imports in ECOWAS

In 2021, the amount of potato starch imported in ECOWAS surged to X tons, increasing by 157% on 2020 figures. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 411%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, potato starch imports amounted to $X in 2021. In general, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 1,476%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

Nigeria prevails in imports structure, finishing at X tons, which was approx. 87% of total imports in 2021. It was distantly followed by Senegal (X tons), comprising an 8.9% share of total imports.

Nigeria was also the fastest-growing in terms of the potato starch imports, with a CAGR of +44.2% from 2012 to 2021. At the same time, Senegal (+18.2%) displayed positive paces of growth. Nigeria (+41 p.p.) significantly strengthened its position in terms of the total imports, while Senegal saw its share reduced by -19% from 2012 to 2021, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported potato starch in ECOWAS, comprising 90% of total imports. The second position in the ranking was held by Senegal ($X), with a 7.4% share of total imports.

In Nigeria, potato starch imports increased at an average annual rate of +54.6% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, with a decrease of -55.6% against the previous year. In general, the import price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when the import price increased by 208%. As a result, import price attained the peak level of $X per ton, and then declined remarkably in the following year.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Senegal amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+7.2%).

Source: IndexBox Platform

This report provides an in-depth analysis of the potato starch market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621115 - Potato starch

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Niger
Nigeria
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in ECOWAS, split by region and country
Trade (exports and imports) in ECOWAS
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023