Western Africa: Market for Nuts (Prepared Or Preserved) 2025

Market Size for Nuts (Prepared Or Preserved) in Western Africa

In 2021, after two years of growth, there was significant decline in the West African nuts (prepared or preserved) market, when its value decreased by -9.5% to $X. In general, consumption, however, saw strong growth. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Production of Nuts (Prepared Or Preserved) in Western Africa

In value terms, nuts (prepared or preserved) production reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2017 with an increase of 64%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Exports of Nuts (Prepared Or Preserved)

Exports in Western Africa

In 2021, overseas shipments of nuts (prepared or preserved) increased by 9.2% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 92% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, nuts (prepared or preserved) exports soared to $X in 2021. Overall, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 68% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

The biggest shipments were from Nigeria (X tons), Ghana (X tons), Cote d'Ivoire (X tons) and Burkina Faso (X tons), together finishing at 90% of total export. It was distantly followed by Benin (X tons), making up a 5.6% share of total exports. Togo (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Burkina Faso (with a CAGR of +48.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest nuts (prepared or preserved) supplying countries in Western Africa were Cote d'Ivoire ($X), Burkina Faso ($X) and Ghana ($X), with a combined 79% share of total exports.

Ghana, with a CAGR of +47.1%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the export price in Western Africa amounted to $X per ton, growing by 23% against the previous year. In general, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 93% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Cote d'Ivoire ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+6.4%), while the other leaders experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports in Western Africa

In 2021, supplies from abroad of nuts (prepared or preserved) decreased by -52.8% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 92% against the previous year. The volume of import peaked at X tons in 2020, and then declined markedly in the following year.

In value terms, nuts (prepared or preserved) imports dropped sharply to $X in 2021. Overall, imports, however, posted strong growth. The pace of growth was the most pronounced in 2019 when imports increased by 68%. The level of import peaked at $X in 2020, and then contracted remarkably in the following year.

Imports by Country

Nigeria was the main importing country with an import of around X tons, which accounted for 33% of total imports. Senegal (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (13%), Liberia (9.2%), Cote d'Ivoire (9%) and Ghana (6.3%). Sierra Leone (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to nuts (prepared or preserved) imports into Nigeria stood at +17.1%. At the same time, Senegal (+56.0%), Guinea (+22.1%), Sierra Leone (+20.2%), Liberia (+13.1%), Ghana (+8.8%) and Cote d'Ivoire (+4.9%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +56.0% from 2012-2021. Senegal (+15 p.p.), Nigeria (+6.8 p.p.) and Guinea (+6 p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Cote d'Ivoire saw its share reduced by -3.4% and -10.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nuts (prepared or preserved) importing markets in Western Africa were Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X), with a combined 55% share of total imports.

Among the main importing countries, Senegal, with a CAGR of +66.0%, saw the highest growth rate of 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 2021, the import price in Western Africa amounted to $X per ton, growing by 33% against the previous year. Over the period under review, the import price, however, showed a perceptible decline. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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