We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Western Africa - Honey - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Honey - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Western Africa: Honey Market 2024

Honey Market Size in Western Africa

The West African honey market surged to $X in 2022, rising by 26% against the previous year. The market value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Honey Production in Western Africa

In value terms, honey production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 29%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Honey Exports

Exports in Western Africa

In 2022, after ten years of growth, there was significant decline in shipments abroad of honey, when their volume decreased by -8.5% to X tons. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 158% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, honey exports declined to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of 142% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Sierra Leone prevails in exports structure, resulting at X tons, which was approx. 98% of total exports in 2022. Mali (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to honey exports from Sierra Leone stood at +43.0%. At the same time, Mali (+68.5%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +68.5% from 2012-2022. Sierra Leone (+2.3 p.p.) and Mali (+1.6 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, Sierra Leone ($X) remains the largest honey supplier in Western Africa, comprising 100% of total exports. The second position in the ranking was taken by Mali ($X), with a 0.1% share of total exports.

In Sierra Leone, honey exports increased at an average annual rate of +44.2% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, flattening at the previous year. Overall, the export price showed a slight increase. The growth pace was the most rapid in 2015 an increase of 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Mali amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+0.8%).

Honey Imports

Imports in Western Africa

In 2022, supplies from abroad of honey increased by 343% to X tons, rising for the third consecutive year after two years of decline. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, honey imports skyrocketed to $X in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of honey imports in 2022 were Nigeria (X tons), together reaching 97% of total import.

Nigeria was also the fastest-growing in terms of the honey imports, with a CAGR of +60.7% from 2012 to 2022. While the share of Nigeria (+66 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported honey in Western Africa.

In Nigeria, honey imports increased at an average annual rate of +48.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, falling by -53.6% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to -7.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Senegal constituted the country with the largest volume of honey consumption, comprising approx. 50% of total volume. Moreover, honey consumption in Senegal exceeded the figures recorded by the second-largest consumer, Guinea, fourfold. Mali ranked third in terms of total consumption with a 12% share.
The country with the largest volume of honey production was Senegal, accounting for 52% of total volume. Moreover, honey production in Senegal exceeded the figures recorded by the second-largest producer, Guinea, fourfold. The third position in this ranking was occupied by Mali, with a 12% share.
In value terms, Sierra Leone remains the largest honey supplier in Western Africa, comprising 68% of total exports. The second position in the ranking was occupied by Benin, with an 11% share of total exports. It was followed by Guinea, with a 4.9% share.
In value terms, Nigeria constitutes the largest market for imported honey in Western Africa, comprising 42% of total imports. The second position in the ranking was occupied by Cabo Verde, with a 16% share of total imports. It was followed by Cote d'Ivoire, with a 14% share.
In 2021, the honey export price in Western Africa amounted to $2,605 per ton, with a decrease of -7.4% against the previous year.
The honey import price in Western Africa stood at $3,295 per ton in 2021, growing by 36% against the previous year.

This report provides an in-depth analysis of the honey market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1182 - Honey

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended reports

Asia - Honey - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 1794

This report provides an in-depth analysis of the honey market in Asia.

U.S. - Honey - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 1110

This report provides an in-depth analysis of the honey market in the U.S..

China - Honey - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 2310

This report provides an in-depth analysis of the honey market in China.

EU - Honey - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 2638

This report provides an in-depth analysis of the honey market in the EU.

World - Honey - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 13184

This report provides an in-depth analysis of the global honey market.

Free Data: Honey - Western Africa
Table
Honey - Western Africa - Table
Dashboard
Honey - Western Africa - Dashboard
Report
Honey - Western Africa - Report