Western Africa: Prepared Drier Market 2024

Prepared Drier Market Size in Western Africa

The West African prepared drier market dropped to $X in 2022, waning by X% against the previous year. The market value 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. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Prepared Drier Production in Western Africa

In value terms, prepared drier production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Prepared Drier Exports

Exports in Western Africa

In 2022, approx. X tons of prepared driers were exported in Western Africa; falling by X% on the previous year. Overall, exports recorded a pronounced slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, prepared drier exports dropped remarkably to $X in 2022. Over the period under review, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Mali (X tons) was the major exporter of prepared driers, comprising X% of total exports. It was distantly followed by Cote d'Ivoire (X kg), committing a X% share of total exports. Nigeria (X kg) took a relatively small share of total exports.

Mali was also the fastest-growing in terms of the prepared driers exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mali and Cote d'Ivoire increased by X and X percentage points, respectively.

In value terms, Mali ($X) remains the largest prepared drier supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports.

In Mali, prepared drier exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mali ($X per ton), while Nigeria ($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 a decline in the export price figures.

Prepared Drier Imports

Imports in Western Africa

In 2022, the amount of prepared driers imported in Western Africa dropped slightly to X tons, declining by X% compared with the previous year's figure. In general, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, prepared drier imports declined slightly to $X in 2022. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of prepared drier imports in 2022 were Ghana (X tons), Liberia (X tons) and Nigeria (X tons), together amounting to X% of total import. Cote d'Ivoire (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mali (X%). The following importers - Guinea (X tons) and Senegal (X tons) - each finished at a X% share of total imports.

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

In value terms, the largest prepared drier importing markets in Western Africa were Ghana ($X), Liberia ($X) and Nigeria ($X), together comprising X% of total imports. Cote d'Ivoire, Guinea, Mali and Senegal lagged somewhat behind, together accounting for a further X%.

Guinea, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat 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 Guinea ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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