Western Africa: Frozen Pork Carcase Market 2024

Frozen Pork Carcase Market Size in Western Africa

After three years of growth, the West African frozen pork carcase market decreased by -1.2% to $X in 2022. Over the period under review, consumption, however, continues to indicate a slight slump. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Frozen Pork Carcase Production in Western Africa

In value terms, frozen pork carcase production reduced remarkably to $X in 2022 estimated in export price. Overall, production posted a prominent increase. The growth pace was the most rapid in 2014 with an increase of 4,603%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Senegal (X tons) remains the largest frozen pork carcase producing country in Western Africa, accounting for 99% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Senegal totaled +2.8%.

Frozen Pork Carcase Exports

Exports in Western Africa

In 2022, frozen pork carcase exports in Western Africa fell remarkably to X kg, which is down by -34.5% compared with the previous year. In general, exports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 706% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, frozen pork carcase exports contracted rapidly to $X in 2022. Overall, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 386%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

Cote d'Ivoire was also the fastest-growing in terms of the frozen carcases of pig meat exports, with a CAGR of +41.5% from 2012 to 2022. Cote d'Ivoire (+99 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest frozen pork carcase supplier in Western Africa.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled +25.1%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, shrinking by -14.3% against the previous year. In general, the export price, however, continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2016 when the export price increased by 275%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 -11.6% per year.

Frozen Pork Carcase Imports

Imports in Western Africa

In 2022, approx. X tons of frozen carcases of pig meat were imported in Western Africa; therefore, remained relatively stable against the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 212% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen pork carcase imports shrank modestly to $X in 2022. In general, imports, however, continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2019 with an increase of 121%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Cote d'Ivoire (X tons) was the largest importer of frozen carcases of pig meat, creating 68% of total imports. Liberia (X tons) took the second position in the ranking, distantly followed by Ghana (X tons). All these countries together took approx. 30% share of total imports. Mali (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to frozen pork carcase imports into Cote d'Ivoire stood at -1.6%. At the same time, Liberia (+22.6%) and Ghana (+15.9%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +22.6% from 2012-2022. By contrast, Mali (-12.3%) illustrated a downward trend over the same period. While the share of Liberia (+16 p.p.) and Ghana (+8.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mali (-4.6 p.p.) and Cote d'Ivoire (-17.1 p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported frozen carcases of pig meat in Western Africa, comprising 60% of total imports. The second position in the ranking was taken by Liberia ($X), with an 18% share of total imports. It was followed by Ghana, with an 8.9% share.

In Cote d'Ivoire, frozen pork carcase imports decreased by an average annual rate of -2.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Liberia (+22.1% per year) and Ghana (+6.7% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, falling by -5.2% against the previous year. In general, the import price showed a perceptible descent. The growth pace was the most rapid in 2018 an increase of 42%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

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 Mali ($X per ton), while Ghana ($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 (+1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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