Western Africa: Market for Mixed Condiments, Sauses and Seasonings 2022

Market Size for Mixed Condiments, Sauses and Seasonings in Western Africa

In 2021, the West African market for mixed condiments, sauses and seasonings decreased by -56.9% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption recorded a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Mixed Condiments, Sauses and Seasonings in Western Africa

In value terms, mixed condiment, sause and seasoning production reduced markedly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 29%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Mixed Condiments, Sauses and Seasonings

Exports in Western Africa

In 2021, approx. X tons of mixed condiments, sauses and seasonings were exported in Western Africa; picking up by 615% on the year before. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mixed condiment, sause and seasoning exports surged to $X in 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Senegal represented the largest exporting country with an export of about X tons, which resulted at 51% of total exports. Nigeria (X tons) ranks second in terms of the total exports with a 32% share, followed by Cote d'Ivoire (9.4%) and Togo (5.3%). Ghana (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were in Senegal (with a CAGR of +57.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning supplying countries in Western Africa were Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X), together comprising 84% of total exports.

Senegal, with a CAGR of +45.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 2021, reducing by -54.1% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 32%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Ghana ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Mixed Condiments, Sauses and Seasonings

Imports in Western Africa

In 2021, supplies from abroad of mixed condiments, sauses and seasonings decreased by -30.9% to X tons, falling for the third consecutive year after two years of growth. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 38% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, mixed condiment, sause and seasoning imports reduced notably to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 23% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of mixed condiment, sause and seasoning imports in 2021 were Guinea (X tons), Nigeria (X tons), Ghana (X tons), Sierra Leone (X tons) and Liberia (X tons), together resulting at 71% of total import. Mali (X tons) took a 5.6% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (5.1%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mali (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported mixed condiments, sauses and seasonings in Western Africa, comprising 32% of total imports. The second position in the ranking was taken by Guinea ($X), with a 15% share of total imports. It was followed by Ghana, with a 12% share.

In Nigeria, mixed condiment, sause and seasoning imports shrank by an average annual rate of -1.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Guinea (+7.8% per year) and Ghana (+0.2% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, growing by 9.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+6.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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