Report Update Nov 1, 2024

Western Africa - Potato Starch - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Potato Starch Market 2024

Potato Starch Market Size in Western Africa

The West African potato starch market fell markedly to $X in 2021, reducing by -15.6% against the previous year. Over the period under review, consumption, however, posted a buoyant increase. The level of consumption peaked at $X in 2020, and then contracted remarkably in the following year.

Potato Starch Production in Western Africa

In value terms, potato starch production dropped markedly to $X in 2021 estimated in export price. In general, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 54%. The level of production peaked at $X in 2020, and then declined notably in the following year.

Potato Starch Exports

Exports in Western Africa

In 2021, approx. X tons of potato starch were exported in Western Africa; reducing by -33.3% on the year before. Overall, exports showed a pronounced descent. The growth pace was the most rapid in 2020 with an increase of 241%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, potato starch exports dropped notably to $X in 2021. In general, exports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2020 when exports increased by 208% against the previous year. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Niger (X tons) and Senegal (X tons) were the major exporters of potato starch in 2021, reaching near 48% and 37% of total exports, respectively. It was distantly followed by Nigeria (X tons), constituting a 12% share of total exports. Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Nigeria (with a CAGR of +70.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest potato starch supplying countries in Western Africa were Niger ($X), Senegal ($X) and Nigeria ($X), together comprising 96% of total exports.

Nigeria, with a CAGR of +98.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The export price in Western Africa stood at $X per ton in 2021, declining by -2.1% against the previous year. Over the period under review, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 when the export price increased by 83% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria ($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 (+34.0%), while the other leaders experienced more modest paces of growth.

Potato Starch Imports

Imports in Western Africa

In 2021, approx. X tons of potato starch were imported in Western Africa; growing by 157% on 2020 figures. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 411%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, potato starch imports totaled $X in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,475%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

Nigeria dominates imports structure, finishing at X tons, which was near 87% of total imports in 2021. It was distantly followed by Senegal (X tons), comprising an 8.9% share of total imports.

Nigeria was also the fastest-growing in terms of the potato starch imports, with a CAGR of +44.2% from 2012 to 2021. At the same time, Senegal (+18.2%) displayed positive paces of growth. From 2012 to 2021, the share of Nigeria increased by +41 percentage points.

In value terms, Nigeria ($X) constitutes the largest market for imported potato starch in Western Africa, comprising 90% of total imports. The second position in the ranking was taken by Senegal ($X), with a 7.4% share of total imports.

In Nigeria, potato starch imports expanded at an average annual rate of +54.6% over the period from 2012-2021.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, shrinking by -55.6% against the previous year. In general, the import price, however, recorded buoyant growth. The growth pace was the most rapid in 2020 an increase of 208%. As a result, import price reached the peak level of $X per ton, and then reduced sharply in the following year.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Senegal amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+7.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potato starch in Western Africa?

The country with the largest volume of potato starch consumption was Nigeria, accounting for 58% of total volume. Moreover, potato starch consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Niger, eightfold. Ghana ranked third in terms of total consumption with a 4.6% share.

What are the largest producers of potato starch in Western Africa?

The country with the largest volume of potato starch production was Nigeria, comprising approx. 57% of total volume. Moreover, potato starch production in Nigeria exceeded the figures recorded by the second-largest producer, Niger, eightfold. Ghana ranked third in terms of total production with a 4.6% share.

What are the leading suppliers of potato starch in Western Africa?

In value terms, Niger remains the largest potato starch supplier in Western Africa, comprising 93% of total exports. The second position in the ranking was occupied by Nigeria, with a 5.2% share of total exports.

What are the leading importers of potato starch in Western Africa?

In value terms, Nigeria constitutes the largest market for imported potato starch in Western Africa, comprising 96% of total imports. The second position in the ranking was occupied by Senegal, with a 2.6% share of total imports.

What is the average export price for potato starch in Western Africa?

In 2021, the potato starch export price in Western Africa amounted to $1,466 per ton, dropping by -28.6% against the previous year.

What is the average import price for potato starch in Western Africa?

The potato starch import price in Western Africa stood at $1,680 per ton in 2021, dropping by -7.7% against the previous year.

This report provides an in-depth analysis of the potato starch 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:

Prodcom 10621115 - Potato starch

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
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. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023