Western Africa: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Western Africa

After two years of decline, the West African primary fiber crops market increased by X% to $X in 2022. 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 throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Primary Fiber Crops Production in Western Africa

In value terms, primary fiber crops production reduced to $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 pace of growth appeared the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Primary Fiber Crops Exports

Exports in Western Africa

In 2022, approx. X tons of fiber crops (primary) were exported in Western Africa; waning by X% compared with the year before. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, primary fiber crops exports fell to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Benin (X tons), Burkina Faso (X tons) and Cote d'Ivoire (X tons) represented the main exporter of fiber crops (primary) in Western Africa, creating X% of total export. It was distantly followed by Mali (X tons), achieving a X% share of total exports. Togo (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest primary fiber crops supplying countries in Western Africa were Benin ($X), Burkina Faso ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports. Mali and Togo lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Mali, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Togo ($X per ton) and Mali ($X per ton), while Cote d'Ivoire ($X per ton) and Burkina Faso ($X per ton) were 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.

Primary Fiber Crops Imports

Imports in Western Africa

In 2022, supplies from abroad of fiber crops (primary) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, primary fiber crops imports shrank rapidly to $X in 2022. In general, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Mauritania (X tons) represented the main importer of fiber crops (primary), mixing up X% of total imports. It was distantly followed by Cote d'Ivoire (X tons), Ghana (X tons) and Nigeria (X tons), together mixing up a X% share of total imports. The following importers - Togo (X tons), Senegal (X tons) and Gambia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to primary fiber crops imports into Mauritania stood at X%. At the same time, Gambia (X%), Senegal (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%), Cote d'Ivoire (X%) and Togo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mauritania, Ghana and Gambia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest primary fiber crops importing markets in Western Africa were Mauritania ($X), Nigeria ($X) and Ghana ($X), together accounting for X% of total imports. Cote d'Ivoire, Gambia, Togo and Senegal lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Gambia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Western Africa amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, 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 Gambia ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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