Western Africa: Mustard Seed Market 2024

Mustard Seed Market Size in Western Africa

The West African mustard seed market fell to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Mustard Seed Production in Western Africa

In value terms, mustard seed production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 14%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Togo (X tons), Burkina Faso (X tons) and Nigeria (X tons), together comprising 98% of total production. These countries were followed by Benin, which accounted for a further 1.7%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Benin (with a CAGR of +148.9%), while production for the other leaders experienced more modest paces of growth.

Mustard Seed Exports

Exports in Western Africa

For the fourth consecutive year, Western Africa recorded growth in overseas shipments of mustard seed, which increased by 903% to X tons in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mustard seed exports skyrocketed to $X in 2022. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 142%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Togo dominates exports structure, reaching X tons, which was near 90% of total exports in 2022. It was distantly followed by Senegal (X tons), generating a 7.4% share of total exports. Benin (X tons) followed a long way behind the leaders.

Togo experienced a relatively flat trend pattern with regard to volume of exports of mustard seed. At the same time, Benin (+64.7%) and Senegal (+2.2%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +64.7% from 2012-2022. Togo (+90 p.p.) and Benin (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Senegal saw its share reduced by -86.4% from 2012 to 2022, respectively.

In value terms, the largest mustard seed supplying countries in Western Africa were Senegal ($X), Togo ($X) and Benin ($X), together accounting for 99% of total exports.

Among the main exporting countries, Benin, with a CAGR of +20.9%, 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

In 2022, the export price in Western Africa amounted to $X per ton, falling by -86.7% against the previous year. Over the period under review, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by 56% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+4.0%).

Mustard Seed Imports

Imports in Western Africa

In 2022, imports of mustard seed in Western Africa totaled X tons, flattening at 2021 figures. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 11%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, mustard seed imports fell modestly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Senegal dominates imports structure, finishing at X tons, which was near 91% of total imports in 2022. The following importers - Cote d'Ivoire (X tons) and Burkina Faso (X tons) - each reached a 7.6% share of total imports.

Imports into Senegal increased at an average annual rate of +2.3% from 2012 to 2022. At the same time, Cote d'Ivoire (+20.2%) and Burkina Faso (+15.9%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +20.2% from 2012-2022. While the share of Cote d'Ivoire (+3 p.p.) and Burkina Faso (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (-5.8 p.p.) displayed negative dynamics.

In value terms, Senegal ($X) constitutes the largest market for imported mustard seed in Western Africa, comprising 92% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 5.4% share of total imports.

In Senegal, mustard seed imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+18.2% per year) and Burkina Faso (+41.5% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, dropping by -3.3% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2014 an increase of 7.7%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+22.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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