We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Western Africa - Olives - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Olives - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Western Africa: Olive Market 2024

Olive Market Size in Western Africa

For the fourth consecutive year, the West African olive market recorded growth in sales value, which increased by 11% to $X in 2022. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Olive Production in Western Africa

In value terms, olive production declined to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Mauritania (X tons), Togo (X tons) and Burkina Faso (X tons), with a combined 93% 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 Burkina Faso (with a CAGR of +52.2%), while production for the other leaders experienced more modest paces of growth.

Olive Exports

Exports in Western Africa

Olive exports dropped notably to X kg in 2022, shrinking by -65.5% compared with the previous year. Over the period under review, exports faced a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 5,818% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, olive exports shrank notably to $X in 2022. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 4,921% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Mali (X kg) was the major exporter of olives in Western Africa, making up 100% of total export.

Mali was also the fastest-growing in terms of the olives exports, with a CAGR of -10.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mali ($X) also remains the largest olive supplier in Western Africa.

In Mali, olive exports contracted by an average annual rate of -14.6% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, picking up by 62% against the previous year. Overall, the export price, however, recorded a pronounced decline. The growth pace was the most rapid in 2020 an increase of 148% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Mali amounted to -4.5% per year.

Olive Imports

Imports in Western Africa

After two years of growth, supplies from abroad of olives decreased by -11.4% to X tons in 2022. Over the period under review, imports, however, showed a perceptible expansion. The pace of growth was the most pronounced in 2018 with an increase of 99.9%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, olive imports declined to $X in 2022. In general, imports showed a slight curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 80%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Togo was the largest importer of olives in Western Africa, with the volume of imports amounting to X tons, which was approx. 43% of total imports in 2022. Senegal (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Mauritania (14%), Cote d'Ivoire (13%) and Niger (5.4%). The following importers - Cabo Verde (X tons) and Nigeria (X tons) - together made up 5% of total imports.

Togo was also the fastest-growing in terms of the olives imports, with a CAGR of +74.7% from 2012 to 2022. At the same time, Mauritania (+57.2%), Nigeria (+26.5%), Senegal (+23.6%) and Cabo Verde (+13.5%) displayed positive paces of growth. By contrast, Niger (-10.9%) and Cote d'Ivoire (-11.2%) illustrated a downward trend over the same period. While the share of Togo (+43 p.p.), Mauritania (+14 p.p.), Senegal (+13 p.p.), Nigeria (+2.1 p.p.) and Cabo Verde (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Niger (-18.8 p.p.) and Cote d'Ivoire (-47.9 p.p.) displayed negative dynamics.

In value terms, Togo ($X) constitutes the largest market for imported olives in Western Africa, comprising 44% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with an 11% share of total imports. It was followed by Senegal, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Togo stood at +74.2%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (-13.3% per year) and Senegal (+22.6% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 an increase of 28%. The level of import peaked at $X per ton in 2014; however, from 2015 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 ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+7.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of olive consumption in 2021 were Mauritania, Burkina Faso and Niger, with a combined 59% share of total consumption. These countries were followed by Senegal, Nigeria, Cote d'Ivoire and Cabo Verde, which together accounted for a further 32%.
Mauritania remains the largest olive producing country in Western Africa, accounting for 92% of total volume. Moreover, olive production in Mauritania exceeded the figures recorded by the second-largest producer, Togo, more than tenfold.
In value terms, Togo remains the largest olive supplier in Western Africa.
In value terms, Niger constitutes the largest market for imported olives in Western Africa, comprising 32% of total imports. The second position in the ranking was occupied by Burkina Faso, with a 15% share of total imports. It was followed by Senegal, with a 9.8% share.
In 2021, the olive export price in Western Africa amounted to $736 per ton, reducing by -61.1% against the previous year.
The olive import price in Western Africa stood at $1,427 per ton in 2021, surging by 11% against the previous year.

This report provides an in-depth analysis of the olive market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 260 - Olives

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo
  • Cote d'Ivoire

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

Recommended reports

Asia - Olives - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 441

This report provides an in-depth analysis of the olive market in Asia.

U.S. - Olives - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 558

This report provides an in-depth analysis of the olive market in the U.S..

China - Olives - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 559

This report provides an in-depth analysis of the olive market in China.

EU - Olives - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 377

This report provides an in-depth analysis of the olive market in the EU.

World - Olives - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 3155

This report provides an in-depth analysis of the global olive market.

Free Data: Olives - Western Africa
Table
Olives - Western Africa - Table
Dashboard
Olives - Western Africa - Dashboard
Report
Olives - Western Africa - Report