Western Africa: Grape Must Market 2024

Grape Must Market Size in Western Africa

The West African grape must market reduced to $X in 2021, declining by -9.5% against the previous year. Over the period under review, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Grape Must Production in Western Africa

In value terms, grape must production dropped to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 69%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Grape Must Exports

Exports in Western Africa

In 2021, the amount of grape must exported in Western Africa dropped sharply to X litres, with a decrease of -16.8% compared with the year before. In general, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2014 with an increase of 17%. The volume of export peaked at X litres in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, grape must exports reached $X in 2021. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 234% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Benin dominates exports structure, accounting for X litres, which was near 90% of total exports in 2021. It was distantly followed by Ghana (X litres), making up a 5.2% share of total exports. Togo (X litres) followed a long way behind the leaders.

Benin was also the fastest-growing in terms of the grape must exports, with a CAGR of -17.5% from 2012 to 2021. Togo (-39.7%) and Ghana (-42.3%) illustrated a downward trend over the same period. Benin (+59 p.p.) significantly strengthened its position in terms of the total exports, while Togo and Ghana saw its share reduced by -20% and -39.7% from 2012 to 2021, respectively.

In value terms, Benin ($X) remains the largest grape must supplier in Western Africa, comprising 60% of total exports. The second position in the ranking was held by Togo ($X), with a 30% share of total exports.

In Benin, grape must exports expanded at an average annual rate of +2.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Togo (-12.7% per year) and Ghana (-25.8% per year).

Export Prices by Country

The export price in Western Africa stood at $X per litre in 2021, surging by 25% against the previous year. In general, the export price showed a significant increase. The pace of growth was the most pronounced in 2014 an increase of 186%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Togo ($X per litre), while Benin ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+44.8%), while the other leaders experienced more modest paces of growth.

Grape Must Imports

Imports in Western Africa

In 2021, the amount of grape must imported in Western Africa skyrocketed to X litres, growing by 29% on the year before. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,009%. The volume of import peaked at X litres in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, grape must imports skyrocketed to $X in 2021. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 1,887% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Nigeria prevails in imports structure, resulting at X litres, which was near 85% of total imports in 2021. Cabo Verde (X litres) held a 9.2% share (based on physical terms) of total imports, which put it in second place, followed by Togo (4.7%).

Nigeria was also the fastest-growing in terms of the grape must imports, with a CAGR of +57.4% from 2012 to 2021. At the same time, Togo (+8.3%) displayed positive paces of growth. By contrast, Cabo Verde (-2.1%) illustrated a downward trend over the same period. While the share of Nigeria (+77 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Togo (-7.5 p.p.) and Cabo Verde (-49.9 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported grape must in Western Africa, comprising 93% of total imports. The second position in the ranking was taken by Togo ($X), with a 2.8% share of total imports.

In Nigeria, grape must imports increased at an average annual rate of +57.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Togo (+0.8% per year) and Cabo Verde (-13.8% per year).

Import Prices by Country

The import price in Western Africa stood at $X per litre in 2021, standing approx. at the previous year. Over the period under review, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 79%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per litre), while Cabo Verde ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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