Western Africa: Albumins And Albuminates Market 2025

Albumins And Albuminates Market Size in Western Africa

In 2021, after two years of decline, there was significant growth in the West African albumins and albuminates market, when its value increased by 97% to $X. Over the period under review, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Albumins And Albuminates Production in Western Africa

In value terms, albumins and albuminates production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 33%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Albumins And Albuminates Exports

Exports in Western Africa

In 2021, approx. X kg of albumins, albuminates and other derivatives (excluding egg albumin) were exported in Western Africa; falling by -97.9% against the previous year's figure. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 13,898%. As a result, the exports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, albumins and albuminates exports declined sharply to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 2,943%. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

In 2021, Ghana (X kg) represented the key exporter of albumins, albuminates and other derivatives (excluding egg albumin), achieving 86% of total exports. It was distantly followed by Mali (X kg), generating an 11% share of total exports. Nigeria (X kg) took a minor share of total exports.

Ghana was also the fastest-growing in terms of the albumins, albuminates and other derivatives (excluding egg albumin) exports, with a CAGR of +48.3% from 2012 to 2021. Nigeria (-14.5%) and Mali (-24.5%) illustrated a downward trend over the same period. While the share of Ghana (+85 p.p.), Mali (+9.9 p.p.) and Nigeria (+2.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) emerged as the largest albumins and albuminates supplier in Western Africa, comprising 83% of total exports. The second position in the ranking was taken by Mali ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Ghana totaled +57.4%. In the other countries, the average annual rates were as follows: Mali (-19.9% per year) and Nigeria (+0.7% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, jumping by 596% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 844% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+17.8%), while the other leaders experienced more modest paces of growth.

Albumins And Albuminates Imports

Imports in Western Africa

In 2021, the amount of albumins, albuminates and other derivatives (excluding egg albumin) imported in Western Africa surged to X tons, growing by 23% against 2020. In general, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 108%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, albumins and albuminates imports declined sharply to $X in 2021. Overall, imports, however, saw a precipitous decline. The pace of growth appeared the most rapid in 2018 when imports increased by 136% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Gambia was the main importing country with an import of about X tons, which resulted at 57% of total imports. Sierra Leone (X tons) ranks second in terms of the total imports with a 15% share, followed by Nigeria (12%) and Senegal (9.6%). The following importers - Ghana (X tons) and Saint Helena, Ascension and Tristan da Cunha (X tons) - each finished at a 4% share of total imports.

Gambia was also the fastest-growing in terms of the albumins, albuminates and other derivatives (excluding egg albumin) imports, with a CAGR of +97.4% from 2012 to 2021. At the same time, Senegal (+50.1%), Ghana (+21.1%) and Sierra Leone (+11.5%) displayed positive paces of growth. Saint Helena, Ascension and Tristan da Cunha experienced a relatively flat trend pattern. By contrast, Nigeria (-29.7%) illustrated a downward trend over the same period. While the share of Gambia (+57 p.p.), Sierra Leone (+13 p.p.), Senegal (+9.6 p.p.) and Ghana (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Nigeria (-85 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported albumins, albuminates and other derivatives (excluding egg albumin) in Western Africa, comprising 33% of total imports. The second position in the ranking was taken by Senegal ($X), with a 13% share of total imports. It was followed by Gambia, with a 12% share.

In Nigeria, albumins and albuminates imports declined by an average annual rate of -30.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Senegal (+43.2% per year) and Gambia (+94.7% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, shrinking by -36.3% against the previous year. Overall, the import price faced a abrupt setback. The growth pace was the most rapid in 2014 an increase of 41%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Ghana ($X per ton), while Saint Helena, Ascension and Tristan da Cunha ($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 (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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