ECOWAS: Yoghurt Market 2025

Yoghurt Market Size in ECOWAS

The ECOWAS yoghurt market dropped to $X in 2022, remaining relatively unchanged against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.5% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Yoghurt Production in ECOWAS

In value terms, yoghurt production totaled $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +0.5% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 55%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Yoghurt Exports

Exports in ECOWAS

In 2022, approx. X tons of yoghurt were exported in ECOWAS; growing by 19% compared with the previous year. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 97% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, yoghurt exports expanded remarkably to $X in 2022. In general, exports saw a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 124%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Ghana (X tons) was the largest exporter of yoghurt, achieving 52% of total exports. Nigeria (X tons) ranks second in terms of the total exports with a 17% share, followed by Senegal (17%) and Benin (9.8%). Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to yoghurt exports from Ghana stood at +40.8%. At the same time, Benin (+83.1%), Senegal (+74.5%), Nigeria (+14.4%) and Cote d'Ivoire (+11.2%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +83.1% from 2012-2022. From 2012 to 2022, the share of Ghana, Senegal and Benin increased by +43, +17 and +9.7 percentage points, respectively.

In value terms, Ghana ($X) remains the largest yoghurt supplier in ECOWAS, comprising 48% of total exports. The second position in the ranking was held by Senegal ($X), with a 21% share of total exports. It was followed by Nigeria, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana totaled +41.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+61.0% per year) and Nigeria (+9.4% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, dropping by -6.7% against the previous year. Overall, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by 14%. Over the period under review, the export prices hit record highs 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 Cote d'Ivoire ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+0.8%), while the other leaders experienced a decline in the export price figures.

Yoghurt Imports

Imports in ECOWAS

In 2022, approx. X tons of yoghurt were imported in ECOWAS; approximately mirroring the year before. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 57% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, yoghurt imports reached $X in 2022. Overall, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 44%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Togo (X tons), distantly followed by Ghana (X tons), Cabo Verde (X tons), Mali (X tons) and Burkina Faso (X tons) represented the major importers of yoghurt, together achieving 74% of total imports. Benin (X tons), Nigeria (X tons), Gambia (X tons), Cote d'Ivoire (X tons), Guinea-Bissau (X tons), Niger (X tons) and Guinea (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +87.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest yoghurt importing markets in ECOWAS were Togo ($X), Cabo Verde ($X) and Mali ($X), together comprising 53% of total imports.

In terms of the main importing countries, Togo, with a CAGR of +79.7%, recorded the highest rates of growth with regard to 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, standing approx. at the previous year. In general, the import price recorded a noticeable descent. The growth pace was the most rapid in 2021 an increase of 14%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Niger ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+0.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform