Western Africa: Cream Fresh Market 2024

Cream Fresh Market Size in Western Africa

In 2022, the West African cream fresh market increased by 33% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption recorded a prominent increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Cream Fresh Production in Western Africa

In value terms, cream fresh production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 156%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of cream fresh production was Guinea (X tons), comprising approx. 99.9% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Guinea amounted to +1.5%.

Cream Fresh Exports

Exports in Western Africa

In 2022, cream fresh exports in Western Africa soared to X tons, growing by 53% on the year before. Overall, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 193% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cream fresh exports fell to $X in 2022. Over the period under review, exports, however, saw a dramatic curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 472%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria represented the key exporting country with an export of about X tons, which resulted at 82% of total exports. It was distantly followed by Togo (X tons), comprising an 11% share of total exports. The following exporters - Cote d'Ivoire (X kg) and Niger (X kg) - together made up 6.3% of total exports.

Exports from Nigeria increased at an average annual rate of +39.7% from 2012 to 2022. At the same time, Niger (+877.8%) and Cote d'Ivoire (+17.1%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +877.8% from 2012-2022. By contrast, Togo (-20.5%) illustrated a downward trend over the same period. While the share of Nigeria (+81 p.p.), Cote d'Ivoire (+3.6 p.p.) and Niger (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Togo (-11.9 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) remains the largest cream fresh supplier in Western Africa, comprising 69% of total exports. The second position in the ranking was held by Togo ($X), with a 12% share of total exports. It was followed by Cote d'Ivoire, with a 12% share.

In Nigeria, cream fresh exports increased at an average annual rate of +34.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (-26.5% per year) and Cote d'Ivoire (+28.3% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, shrinking by -38.8% against the previous year. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 147%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+9.6%), while the other leaders experienced a decline in the export price figures.

Cream Fresh Imports

Imports in Western Africa

In 2022, approx. X tons of cream fresh were imported in Western Africa; growing by 19% on the previous year. In general, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 69% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, cream fresh imports surged to $X in 2022. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 70% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Mauritania (X tons), distantly followed by Cabo Verde (X tons), Senegal (X tons), Cote d'Ivoire (X tons) and Mali (X tons) were the major importers of cream fresh, together committing 79% of total imports. Guinea-Bissau (X tons), Nigeria (X tons), Ghana (X tons), Togo (X tons), Guinea (X tons) and Niger (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guinea (with a CAGR of +30.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh importing markets in Western Africa were Cote d'Ivoire ($X), Senegal ($X) and Cabo Verde ($X), together accounting for 62% of total imports. Mauritania, Mali, Nigeria, Ghana, Guinea, Guinea-Bissau, Togo and Niger lagged somewhat behind, together comprising a further 34%.

Mauritania, with a CAGR of +28.0%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Western Africa amounted to $X per ton, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2016 an increase of 17%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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