Western Africa: Oat Market 2025

Oat Market Size in Western Africa

The West African oat market expanded remarkably to $X in 2022, picking up by 12% against the previous year. Over the period under review, consumption saw buoyant growth. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Oat Production in Western Africa

In value terms, oat production dropped slightly to $X in 2022 estimated in export price. In general, production, however, saw a slight curtailment. The growth pace was the most rapid in 2016 with an increase of 86%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Ghana (X tons), Niger (X tons) and Nigeria (X tons), with a combined 96% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Niger (with a CAGR of +3.1%), while production for the other leaders experienced more modest paces of growth.

The average oat yield declined slightly to X tons per ha in 2022, falling by -1.7% against 2021 figures. The yield figure increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the yield increased by 6.7%. The level of yield peaked at X tons per ha in 2021, and then reduced slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of oats were harvested in Western Africa; picking up by 2.2% on the previous year's figure. Overall, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 9.5% against the previous year. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Oat Exports

Exports in Western Africa

In 2022, the amount of oats exported in Western Africa surged to X tons, growing by 1,192% compared with the previous year. Over the period under review, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, oat exports surged to $X in 2022. In general, exports, however, saw a pronounced shrinkage. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) represented roughly 100% of total exports in 2022.

Nigeria was also the fastest-growing in terms of the oats exports, with a CAGR of -11.0% from 2012 to 2022. Nigeria (+9.7 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, Nigeria ($X) also remains the largest oat supplier in Western Africa.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at -1.8%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, picking up by 2.6% against the previous year. Overall, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 212% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +10.3% per year.

Oat Imports

Imports in Western Africa

In 2022, oat imports in Western Africa expanded sharply to X tons, growing by 7.8% against the year before. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 425% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, oat imports reduced to $X in 2022. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 598% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the key importer of oats in Western Africa, with the volume of imports recording X tons, which was approx. 83% of total imports in 2022. It was distantly followed by Ghana (X tons), comprising a 16% share of total imports.

Nigeria was also the fastest-growing in terms of the oats imports, with a CAGR of +42.1% from 2012 to 2022. Ghana (-9.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by +77 percentage points.

In value terms, Nigeria ($X) constitutes the largest market for imported oats in Western Africa, comprising 90% of total imports. The second position in the ranking was taken by Ghana ($X), with an 8.6% share of total imports.

In Nigeria, oat imports increased at an average annual rate of +42.2% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, falling by -17.4% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oat import price decreased by -30.0% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 60% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Nigeria ($X per ton), while Ghana amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+0.1%).

Source: IndexBox Platform

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