Western Africa: Canned Mushroom Market 2024

Canned Mushroom Market Size in Western Africa

The West African canned mushroom market skyrocketed to $X in 2022, jumping by 50% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +102.0% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Canned Mushroom Production in Western Africa

In value terms, canned mushroom production totaled $X in 2022 estimated in export price. In general, production recorded a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 50%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Canned Mushroom Exports

Exports in Western Africa

In 2022, approx. X tons of canned mushrooms were exported in Western Africa; picking up by 183% on the previous year's figure. In general, exports, however, recorded a precipitous descent. The growth pace was the most rapid in 2020 when exports increased by 278% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, canned mushroom exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a deep contraction. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Mali was the key exporter of canned mushrooms in Western Africa, with the volume of exports finishing at X tons, which was near 49% of total exports in 2022. It was distantly followed by Gambia (X tons), Togo (X tons) and Nigeria (X tons), together creating a 49% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Togo (with a CAGR of +50.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Mali ($X) emerged as the largest canned mushroom supplier in Western Africa, comprising 88% of total exports. The second position in the ranking was taken by Gambia ($X), with a 3.6% share of total exports. It was followed by Togo, with a 1.6% share.

In Mali, canned mushroom exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Gambia (-7.8% per year) and Togo (+40.8% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, jumping by 219% against the previous year. Over the period under review, the export price showed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+5.3%), while the other leaders experienced a decline in the export price figures.

Canned Mushroom Imports

Imports in Western Africa

In 2022, imports of canned mushrooms in Western Africa soared to X tons, with an increase of 45% against the year before. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.0% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, canned mushroom imports surged to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +125.9% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Cote d'Ivoire (X tons) and Nigeria (X tons) represented roughly 55% of total imports in 2022. Senegal (X tons) ranks next in terms of the total imports with an 11% share, followed by Cabo Verde (8.5%) and Ghana (6.9%). The following importers - Togo (X tons) and Benin (X tons) - each reached an 8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Togo (with a CAGR of +11.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canned mushroom importing markets in Western Africa were Cote d'Ivoire ($X), Nigeria ($X) and Cabo Verde ($X), with a combined 69% share of total imports.

Nigeria, with a CAGR of +13.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, rising by 5.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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 Cabo Verde ($X per ton), while Senegal ($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 (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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