Western Africa: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Western Africa

The West African mixes and doughs market totaled $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption posted a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Mixes And Doughs Production in Western Africa

In value terms, mixes and doughs production reached $X in 2022 estimated in export price. Overall, production posted resilient growth. The growth pace was the most rapid in 2016 with an increase of 43% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Mixes And Doughs Exports

Exports in Western Africa

In 2022, shipments abroad of mixes and doughs increased by 2.9% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 300% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, mixes and doughs exports dropped slightly to $X in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 179% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell modestly in the following year.

Exports by Country

Ghana represented the largest exporter of mixes and doughs in Western Africa, with the volume of exports amounting to X tons, which was near 81% of total exports in 2022. It was distantly followed by Niger (X tons), creating a 13% share of total exports. Senegal (X tons) took a relatively small share of total exports.

Exports from Ghana increased at an average annual rate of +47.0% from 2012 to 2022. At the same time, Niger (+75.8%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +75.8% from 2012-2022. Senegal experienced a relatively flat trend pattern. Ghana (+58 p.p.), Niger (+12 p.p.) and Senegal (+2.1 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, Ghana ($X) remains the largest mixes and doughs supplier in Western Africa, comprising 68% of total exports. The second position in the ranking was held by Niger ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Ghana stood at +48.9%. In the other countries, the average annual rates were as follows: Niger (+61.7% per year) and Senegal (-2.9% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, waning by -2.8% against the previous year. In general, the export price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2018 when the export price increased by 172%. The level of export peaked at $X per ton in 2015; however, from 2016 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 ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+1.3%), while the other leaders experienced a decline in the export price figures.

Mixes And Doughs Imports

Imports in Western Africa

After three years of growth, purchases abroad of mixes and doughs decreased by -31.7% to X tons in 2022. In general, imports, however, enjoyed a notable expansion. The growth pace was the most rapid in 2013 with an increase of 132% 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 lower figure.

In value terms, mixes and doughs imports fell markedly to $X in 2022. Over the period under review, imports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2013 with an increase of 116%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons), Cote d'Ivoire (X tons), Mali (X tons), Senegal (X tons) and Ghana (X tons) was the main importer of mixes and doughs in Western Africa, making up 80% of total import. It was distantly followed by Cabo Verde (X tons), making up a 5.1% share of total imports. The following importers - Niger (X tons) and Burkina Faso (X tons) - each finished at a 6.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mali (with a CAGR of +38.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Mali ($X) were the countries with the highest levels of imports in 2022, together comprising 61% of total imports.

Among the main importing countries, Mali, with a CAGR of +51.2%, saw the highest rates of growth with regard to the value of imports, 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 16% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Burkina Faso ($X per ton), while Niger ($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 (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :