Report Update Nov 1, 2024

ECOWAS - Wheat Gluten - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Wheat Gluten Market 2024

Wheat Gluten Market Size in ECOWAS

In 2022, after three years of growth, there was significant decline in the ECOWAS wheat gluten market, when its value decreased by -12.3% to $X. In general, consumption, however, recorded significant growth. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Wheat Gluten Production in ECOWAS

In value terms, wheat gluten production declined dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 3,102%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Wheat Gluten Exports

Exports in ECOWAS

In 2022, overseas shipments of wheat gluten decreased by -1.4% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 202%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wheat gluten exports surged to $X in 2022. Overall, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 173%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Nigeria (X tons) and Senegal (X tons) represented the main exporter of wheat gluten in ECOWAS, making up 99% of total export.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +41.1%).

In value terms, Nigeria ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2022.

Nigeria, with a CAGR of +43.9%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, growing by 32% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat gluten export price increased by +35.2% against 2019 indices. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Senegal totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+2.0%).

Wheat Gluten Imports

Imports in ECOWAS

After three years of growth, overseas purchases of wheat gluten decreased by -26.3% to X tons in 2022. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 293%. The volume of import peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, wheat gluten imports totaled $X in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 304%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Nigeria prevails in imports structure, resulting at X tons, which was approx. 93% of total imports in 2022. Mali (X tons) and Senegal (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the wheat gluten imports, with a CAGR of +40.8% from 2012 to 2022. At the same time, Mali (+17.5%) displayed positive paces of growth. By contrast, Senegal (-2.5%) illustrated a downward trend over the same period. Nigeria (+60 p.p.) significantly strengthened its position in terms of the total imports, while Mali and Senegal saw its share reduced by -3.4% and -28.7% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported wheat gluten in ECOWAS, comprising 95% of total imports. The second position in the ranking was held by Senegal ($X), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to +44.8%. In the other countries, the average annual rates were as follows: Senegal (-0.3% per year) and Mali (+12.9% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, increasing by 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Nigeria ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

This report provides an in-depth analysis of the wheat gluten 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:

FCL 24 - Wheat Gluten

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