Western Africa: Chewing Gum Market 2022

Chewing Gum Market Size in Western Africa

For the fourth consecutive year, the west african chewing gum market recorded decline in sales value, which decreased by -X% to $X in 2021.The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.As a result, consumption attained the peak level of $X. from 2018 to 2021, the growth of the market remained at a lower figure.

Chewing Gum Production in Western Africa

In value terms, chewing gum production expanded slightly to $X in 2021 estimated in export price.In general, production, however, recorded a noticeable contraction.The pace of growth was the most pronounced in 2017 with an increase of X the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Chewing Gum Exports

Exports in Western Africa

In 2021, the amount of chewing gum exported in western africa skyrocketed to X tons, with an increase of X% on the year before.Overall, exports, however, recorded a abrupt descent.The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, chewing gum exports surged to $X in 2021.Over the period under review, exports, however, saw a abrupt contraction.Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'ivoire represented the key exporter of chewing gum in Western Africa, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2021. It was distantly followed by Nigeria (X tons), generating a X% share of total exports. Ghana (X tons) held a minor share of total exports.

Exports from Cote d'Ivoire decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Nigeria (+X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +X% from 2012-2021. Ghana experienced a relatively flat trend pattern. From 2012 to 2021, the share of Nigeria and Ghana increased by +X and +X percentage points, respectively. Cote d'Ivoire (-X p.p.) saw their shares reduced.

In value terms, Cote d'Ivoire ($X) remains the largest chewing gum supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Cote d'Ivoire stood at -X%. In the other countries, the average annual rates were as follows: Nigeria (-X% per year) and Ghana (+X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. from 2014 to 2021, the the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+X%), while the other leaders experienced mixed trends in the export price figures.

Chewing Gum Imports

Imports in Western Africa

In 2021, purchases abroad of chewing gum decreased by -X% to X tons, falling for the third consecutive year after three years of growth.Overall, imports, however, recorded a buoyant increase.The growth pace was the most rapid in 2013 when imports increased by X% against the previous year.Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, chewing gum imports shrank notably to $X in 2021.In general, imports, however, continue to indicate a tangible expansion.The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year.Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ghana was the main importing country with an import of around X tons, which amounted to X% of total imports. Guinea (X tons) held the second position in the ranking, followed by Gambia (X tons), Mauritania (X tons), Cote d'Ivoire (X tons), Senegal (X tons) and Burkina Faso (X tons). All these countries together held near X% share of total imports.

Ghana was also the fastest-growing in terms of the chewing gum imports, with a CAGR of +X% from 2012 to 2021. At the same time, Cote d'Ivoire (+X%), Senegal (+X%), Burkina Faso (+X%), Gambia (+X%), Mauritania (+X%) and Guinea (+X%) displayed positive paces of growth. Ghana (+X p.p.) and cote d'ivoire (+X p.p.) significantly strengthened its position in terms of the total imports, while Guinea saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported chewing gum in Western Africa, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Ghana amounted to +X%. In the other countries, the average annual rates were as follows: Senegal (+X% per year) and Guinea (+X% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, remaining stable against the previous year. Overall, the import price saw a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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