Western Africa: Poultry Incubator Market 2024

Poultry Incubator Market Size in Western Africa

The West African poultry incubator market reduced dramatically to $X in 2022, which is down by -23.2% against the previous year. In general, consumption saw a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Poultry Incubator Production in Western Africa

In value terms, poultry incubator production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Poultry Incubator Exports

Exports in Western Africa

In 2022, the amount of poultry incubators and brooders exported in Western Africa totaled X units, approximately reflecting the previous year. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 100%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, poultry incubator exports rose modestly to $X in 2022. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 175%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of poultry incubators and brooders, namely Cote d'Ivoire, represented more than two-thirds of total export.

Cote d'Ivoire experienced a relatively flat trend pattern with regard to volume of exports of poultry incubators and brooders. From 2012 to 2022, the share of Cote d'Ivoire increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest poultry incubator supplier in Western Africa.

In Cote d'Ivoire, poultry incubator exports increased at an average annual rate of +11.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, growing by 1.9% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by 40%. The level of export peaked at $X per unit in 2013; however, from 2014 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 Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +8.3% per year.

Poultry Incubator Imports

Imports in Western Africa

Poultry incubator imports reduced sharply to X units in 2022, dropping by -50.2% compared with the previous year's figure. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 238% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, poultry incubator imports contracted rapidly to $X in 2022. In general, imports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2016 when imports increased by 107% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria dominates imports structure, finishing at X units, which was approx. 90% of total imports in 2022. Ghana (X units), Cote d'Ivoire (X units) and Senegal (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to poultry incubator imports into Nigeria stood at +13.4%. At the same time, Ghana (+44.9%), Senegal (+21.1%) and Cote d'Ivoire (+3.1%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +44.9% from 2012-2022. While the share of Ghana (+3.7 p.p.) and Nigeria (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported poultry incubators and brooders in Western Africa, comprising 75% of total imports. The second position in the ranking was held by Ghana ($X), with a 12% share of total imports. It was followed by Cote d'Ivoire, with a 6.1% share.

In Nigeria, poultry incubator imports increased at an average annual rate of +3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+35.7% per year) and Cote d'Ivoire (-4.1% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, with an increase of 45% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. Over the period under review, import prices attained the peak figure at $X per unit 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 Ghana ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (-6.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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