Western Africa: Lysine Market 2024

Lysine Market Size in Western Africa

The West African lysine market totaled $X in 2022, increasing by 5.6% against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Lysine Production in Western Africa

In value terms, lysine production expanded slightly to $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 pace of growth appeared the most rapid in 2014 with an increase of 37% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Lysine Exports

Exports in Western Africa

After three years of growth, shipments abroad of lysine and its esters, and salts thereof decreased by -90.9% to X tons in 2021. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 27,955% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, lysine exports dropped markedly to $X in 2021. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 217,118% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of lysine and its esters, and salts thereof, namely Senegal, represented more than two-thirds of total export.

Senegal experienced a relatively flat trend pattern with regard to volume of exports of lysine and its esters, and salts thereof. From 2012 to 2021, the share of Senegal increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In Senegal, lysine exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, growing by 141% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 674% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2021, the rate of growth in terms of prices for Senegal amounted to 0.0% per year.

Lysine Imports

Imports in Western Africa

Lysine imports surged to X tons in 2022, increasing by 32% on the previous year. In general, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 324% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, lysine imports soared to $X in 2022. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 230% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the largest importer of lysine and its esters, and salts thereof in Western Africa, with the volume of imports accounting for X tons, which was near 82% of total imports in 2022. It was distantly followed by Senegal (X tons), generating an 11% share of total imports. Ghana (X tons) and Cote d'Ivoire (X tons) took a relatively small share of total imports.

Imports into Nigeria increased at an average annual rate of +8.0% from 2012 to 2022. At the same time, Cote d'Ivoire (+17.8%), Senegal (+13.2%) and Ghana (+7.4%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +17.8% from 2012-2022. From 2012 to 2022, the share of Senegal increased by +3.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported lysine and its esters, and salts thereof in Western Africa, comprising 86% of total imports. The second position in the ranking was held by Senegal ($X), with an 8.7% share of total imports. It was followed by Ghana, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to +6.3%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (+9.3% per year) and Ghana (+3.6% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, picking up by 32% against the previous year. Overall, the import price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by 33% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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