Western Africa: Meat Market 2024

Meat Market Size in Western Africa

The West African meat market amounted to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Meat Production in Western Africa

In value terms, meat production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The country with the largest volume of meat production was Nigeria (X tons), accounting for X% of total volume. Moreover, meat production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), twofold. Cote d'Ivoire (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Cote d'Ivoire (X% per year).

The average meat yield reached X kg per head in 2022, stabilizing at 2021 figures. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the yield attained the peak level of X kg per head. From 2014 to 2022, the growth of the meat yield remained at a lower figure.

The global number of animals slaughtered for meat production dropped to X heads in 2022, standing approx. at 2021. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the number of producing animals increased by X%. The level of producing animals peaked at X heads in 2021, and then declined modestly in the following year.

Meat Exports

Exports in Western Africa

In 2022, overseas shipments of meat increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports posted tangible growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat exports dropped slightly to $X in 2022. In general, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Mauritania (X tons) was the largest exporter of meat, generating X% of total exports. It was distantly followed by Benin (X tons), Cote d'Ivoire (X tons), Senegal (X tons) and Nigeria (X tons), together mixing up a X% share of total exports. Mali (X tons) held a relatively small share of total exports.

Mauritania was also the fastest-growing in terms of the meat exports, with a CAGR of X% from 2012 to 2022. At the same time, Benin (X%) and Nigeria (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%), Senegal (X%) and Mali (X%) illustrated a downward trend over the same period. While the share of Mauritania (X p.p.), Benin (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mali (X p.p.), Senegal (X p.p.) and Cote d'Ivoire (X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Benin ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Mali, Mauritania and Nigeria lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Mauritania ($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 (X%), while the other leaders experienced more modest paces of growth.

Meat Imports

Imports in Western Africa

After three years of growth, overseas purchases of meat decreased by X% to X tons in 2022. Total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, meat imports reduced to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

The purchases of the three major importers of meat, namely Ghana, Liberia and Senegal, represented more than two-thirds of total import. It was distantly followed by Cote d'Ivoire (X tons), committing a X% share of total imports. The following importers - Cabo Verde (X tons), Mali (X tons) and Sierra Leone (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Senegal ($X) and Liberia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Cabo Verde, Mali, Cote d'Ivoire and Sierra Leone lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs 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 Mali ($X per ton), while Liberia ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :