Western Africa: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Western Africa

The West African beet-pulp and bagasse market shrank modestly to $X in 2022, which is down by -2.3% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Beet-Pulp And Bagasse Production in Western Africa

In value terms, beet-pulp and bagasse production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Beet-Pulp And Bagasse Exports

Exports in Western Africa

In 2022, shipments abroad of beet-pulp and bagasse increased by 105% to X kg for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a sharp downturn. The growth pace was the most rapid in 2018 with an increase of 11,570% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, beet-pulp and bagasse exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 22,788% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Cote d'Ivoire (X kg), together recording 100% of total export.

Cote d'Ivoire was also the fastest-growing in terms of the beet-pulp and bagasse exports, with a CAGR of -22.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest beet-pulp and bagasse supplier in Western Africa.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to -6.2%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, shrinking by -17.1% against the previous year. In general, the export price, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by 145%. The level of export peaked at $X per ton in 2021, and then reduced markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +20.8% per year.

Beet-Pulp And Bagasse Imports

Imports in Western Africa

Beet-pulp and bagasse imports reached X tons in 2022, increasing by 8.3% compared with the previous year's figure. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 149% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, beet-pulp and bagasse imports shrank to $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 138%. The level of import peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

Cabo Verde dominates imports structure, accounting for X tons, which was near 94% of total imports in 2022. Senegal (X tons) and Sierra Leone (X tons) held a minor share of total imports.

Cabo Verde was also the fastest-growing in terms of the beet-pulp and bagasse imports, with a CAGR of +42.7% from 2012 to 2022. At the same time, Senegal (+3.4%) displayed positive paces of growth. By contrast, Sierra Leone (-16.0%) illustrated a downward trend over the same period. Cabo Verde (+77 p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Sierra Leone saw its share reduced by -13.4% and -60.4% from 2012 to 2022, respectively.

In value terms, Cabo Verde ($X) constitutes the largest market for imported beet-pulp and bagasse in Western Africa, comprising 92% of total imports. The second position in the ranking was held by Senegal ($X), with a 4.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cabo Verde totaled +40.3%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (+0.6% per year) and Sierra Leone (-15.1% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, with a decrease of -10.6% against the previous year. Overall, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when the import price increased by 22% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 Sierra Leone ($X per ton), while Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :