Western Africa: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Western Africa

In 2021, the West African concentrated grapefruit juice market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Concentrated Grapefruit Juice Production in Western Africa

In value terms, concentrated grapefruit juice production surged to $X in 2021 estimated in export price. Over the period under review, production recorded strong growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 649%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Concentrated Grapefruit Juice Exports

Exports in Western Africa

Concentrated grapefruit juice exports shrank dramatically to X tons in 2021, which is down by -59.1% compared with 2020. Overall, exports showed a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 361%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, concentrated grapefruit juice exports fell notably to $X in 2021. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 251%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria was the major exporting country with an export of around X tons, which finished at 56% of total exports. Benin (X kg) took the second position in the ranking, distantly followed by Senegal (X kg) and Togo (X kg). All these countries together took approx. 40% share of total exports. Ghana (X kg) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Nigeria (with a CAGR of +19.0%), while the other leaders experienced a decline in the exports figures.

In value terms, Nigeria ($X) remains the largest concentrated grapefruit juice supplier in Western Africa, comprising 64% of total exports. The second position in the ranking was taken by Benin ($X), with a 23% share of total exports. It was followed by Senegal, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled +28.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Benin (-4.3% per year) and Senegal (-20.9% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, growing by 102% against the previous year. Overall, the export price saw a prominent 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 2021, the country with the highest price was Nigeria ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+11.3%), while the other leaders experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports in Western Africa

In 2021, approx. X tons of concentrated grapefruit juice were imported in Western Africa; shrinking by -3.9% on 2020 figures. In general, imports recorded a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 49%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, concentrated grapefruit juice imports expanded slightly to $X in 2021. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 65%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ghana dominates imports structure, reaching X tons, which was near 69% of total imports in 2021. Niger (X tons) ranks second in terms of the total imports with a 7.9% share, followed by Liberia (6.2%) and Sierra Leone (4.6%). The following importers - Burkina Faso (X tons), Benin (X tons) and Senegal (X tons) - together made up 6.3% of total imports.

Imports into Ghana increased at an average annual rate of +23.1% from 2012 to 2021. At the same time, Liberia (+44.6%) and Sierra Leone (+26.8%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +44.6% from 2012-2021. By contrast, Niger (-8.7%), Benin (-13.3%), Senegal (-17.8%) and Burkina Faso (-25.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ghana, Liberia and Sierra Leone increased by +64, +6.1 and +4.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported concentrated grapefruit juice in Western Africa, comprising 53% of total imports. The second position in the ranking was taken by Liberia ($X), with a 10% share of total imports. It was followed by Niger, with an 8.7% share.

In Ghana, concentrated grapefruit juice imports increased at an average annual rate of +22.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Liberia (+51.0% per year) and Niger (-4.3% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, growing by 8.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 31% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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