Report Update Nov 1, 2024

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

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ECOWAS: Wheat Starch Market 2024

Wheat Starch Market Size in ECOWAS

After six years of growth, the ECOWAS wheat starch market decreased by -15.2% to $X in 2021. Over the period under review, consumption, however, enjoyed a strong increase. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Wheat Starch Production in ECOWAS

In value terms, wheat starch production fell significantly to $X in 2021 estimated in export price. Overall, production, however, showed prominent growth. The growth pace was the most rapid in 2020 with an increase of 52%. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

Wheat Starch Exports

Exports in ECOWAS

In 2021, wheat starch exports in ECOWAS fell markedly to X tons, which is down by -92.1% on 2020 figures. Overall, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 1,525%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wheat starch exports dropped significantly to $X in 2021. Over the period under review, exports saw a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 4,814%. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

In 2021, Senegal (X tons) and Cote d'Ivoire (X tons) represented the major exporters of wheat starch in ECOWAS, together achieving 79% of total exports. Ghana (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (8%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cote d'Ivoire (with a CAGR of +35.1%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest wheat starch supplying countries in ECOWAS were Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X), with a combined 91% share of total exports.

Cote d'Ivoire, with a CAGR of +27.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, falling by -72.4% against the previous year. Over the period under review, the export price, however, posted a remarkable increase. The pace of growth was the most pronounced in 2020 when the export price increased by 202% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+23.0%), while the other leaders experienced a decline in the export price figures.

Wheat Starch Imports

Imports in ECOWAS

In 2021, purchases abroad of wheat starch increased by 34% to X tons, rising for the third consecutive year after two years of decline. In general, imports showed buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 702%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, wheat starch imports soared to $X in 2021. Overall, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 1,456% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Nigeria prevails in imports structure, recording X tons, which was approx. 94% of total imports in 2021. It was distantly followed by Mali (X tons), creating a 4.5% share of total imports.

Nigeria was also the fastest-growing in terms of the wheat starch imports, with a CAGR of +39.5% from 2012 to 2021. Mali (-24.6%) illustrated a downward trend over the same period. Nigeria (+94 p.p.) significantly strengthened its position in terms of the total imports, while Mali saw its share reduced by -85.2% from 2012 to 2021, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported wheat starch in ECOWAS, comprising 99% of total imports. The second position in the ranking was taken by Mali ($X), with a 0.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to +58.8%.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, picking up by 23% against the previous year. Overall, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 94% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Mali stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+13.8%).

Source: IndexBox Platform

This report provides an in-depth analysis of the wheat 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 10621111 - Wheat 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