ECOWAS: Market for Sheep And Goat Meat 2025

Market Size for Sheep And Goat Meat in ECOWAS

The ECOWAS sheep and goat meat market expanded slightly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Sheep And Goat Meat in ECOWAS

In value terms, sheep and goat meat production totaled $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 indicated some noticeable fluctuations being recorded in certain years. 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 remained at a somewhat lower figure.

Nigeria (X tons) remains the largest sheep and goat meat producing country in ECOWAS, accounting for X% of total volume. Moreover, sheep and goat meat production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), fivefold. The third position in this ranking was held by Senegal (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nigeria stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Burkina Faso (X% per year) and Senegal (X% per year).

In 2022, the average yield of sheep and goat meat in ECOWAS amounted to X kg per head, almost unchanged from the year before. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the yield increased by X% against the previous year. The level of yield peaked at X kg per head in 2017; however, from 2018 to 2022, the yield remained at a lower figure.

The global number of animals slaughtered for sheep and goat meat production declined modestly to X heads in 2022, approximately reflecting the previous year's figure. 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 throughout the analyzed period. The growth pace was the most rapid in 2018 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 declined modestly in the following year.

Exports of Sheep And Goat Meat

Exports in ECOWAS

In 2022, sheep and goat meat exports in ECOWAS fell notably to X tons, declining by X% against the previous year's figure. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, sheep and goat meat exports contracted dramatically to $X in 2022. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal represented the main exporting country with an export of about X tons, which amounted to X% of total exports. Cote d'Ivoire (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Mali (X%).

From 2012 to 2022, average annual rates of growth with regard to sheep and goat meat exports from Senegal stood at X%. Mali (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Cote d'Ivoire (X p.p.) and Mali (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Senegal, sheep and goat meat exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Mali (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate a measured expansion. The growth pace was the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 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 Senegal ($X per ton), while Mali ($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.

Imports of Sheep And Goat Meat

Imports in ECOWAS

After three years of growth, supplies from abroad of sheep and goat meat decreased by X% to X tons in 2022. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports stood at $X in 2022. Over the period under review, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Ghana represented the key importer of sheep and goat meat in ECOWAS, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Senegal (X tons) and Mali (X tons), together comprising a X% share of total imports. The following importers - Cote d'Ivoire (X tons) and Cabo Verde (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sheep and goat meat imports into Ghana stood at X%. At the same time, Mali (X%), Cabo Verde (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. Senegal (X p.p.), Mali (X p.p.) and Cabo Verde (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Cote d'Ivoire saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported sheep and goat meat in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price 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, sheep and goat meat import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 Senegal ($X per ton), while Ghana ($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