Western Africa: Oil Crops Market 2025

Oil Crops Market Size in Western Africa

The West African oil crops market declined to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Oil Crops Production in Western Africa

In value terms, oil crops production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of oil crops production was Nigeria (X tons), comprising approx. X% of total volume. Moreover, oil crops production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana (X tons), fivefold. Cote d'Ivoire (X tons) ranked third in terms of total production with a X% share.

In Nigeria, oil crops production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

In 2022, the average oil crops yield in Western Africa was estimated at X tons per ha, almost unchanged from 2021. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. 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 oil crops (primary) were harvested in Western Africa; therefore, remained relatively stable against the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2021, and then fell in the following year.

Oil Crops Exports

Exports in Western Africa

In 2022, approx. X tons of oil crops (primary) were exported in Western Africa; rising by X% on the previous year's figure. Overall, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil crops exports reached $X in 2022. Over the period under review, exports recorded mild growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Togo was the largest exporting country with an export of around X tons, which resulted at X% of total exports. Nigeria (X tons) ranks second in terms of the total exports with a X% share, followed by Benin (X%), Burkina Faso (X%) and Ghana (X%). The following exporters - Mali (X tons) and Cote d'Ivoire (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Togo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) remains the largest oil crops supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total exports. It was followed by Togo, with an X% share.

In Nigeria, oil crops exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Oil Crops Imports

Imports in Western Africa

In 2022, overseas purchases of oil crops (primary) decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, oil crops imports surged to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X tons), Nigeria (X tons), Burkina Faso (X tons), Togo (X tons) and Mali (X tons) represented the major importer of oil crops (primary) in Western Africa, making up X% of total import. Senegal (X tons) followed a long way behind the leaders.

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

In value terms, the largest oil crops importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Togo ($X), with a combined X% share of total imports.

Among the main importing countries, Togo, with a CAGR of X%, 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

The import price in Western Africa stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price recorded a modest expansion. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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