Western Africa: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Western Africa

The West African sauce and seasoning market reached $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Sauce And Seasoning Production in Western Africa

In value terms, sauce and seasoning production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 38% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Sauce And Seasoning Exports

Exports in Western Africa

In 2021, the amount of sauces and seasonings exported in Western Africa skyrocketed to X tons, increasing by 49% on 2020 figures. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 87% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, sauce and seasoning exports skyrocketed to $X in 2021. Over the period under review, exports saw a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 87%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Senegal was the largest exporting country with an export of about X tons, which recorded 56% of total exports. Nigeria (X tons) took a 33% share (based on physical terms) of total exports, which put it in second place, followed by Cote d'Ivoire (6.4%). 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 main exporting countries, was attained by Senegal (with a CAGR of +21.8%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 95% of total exports.

Senegal, with a CAGR of +25.5%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the export price in Western Africa amounted to $X per ton, which is down by -5.8% against the previous year. In general, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 when the export price increased by 27%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Cote d'Ivoire ($X per ton) and Ghana ($X per ton), while Nigeria ($X per ton) and Senegal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+3.3%), while the other leaders experienced mixed trends in the export price figures.

Sauce And Seasoning Imports

Imports in Western Africa

In 2021, purchases abroad of sauces and seasonings decreased by -16.7% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, posted a moderate increase. The pace of growth was the most pronounced in 2013 when imports increased by 148% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, sauce and seasoning imports declined rapidly to $X in 2021. Overall, imports, however, posted a moderate expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 209% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Nigeria (X tons), Ghana (X tons), Sierra Leone (X tons), Benin (X tons), Gambia (X tons), Guinea (X tons), Cote d'Ivoire (X tons), Mali (X tons), Liberia (X tons), Senegal (X tons), Togo (X tons) and Burkina Faso (X tons) represented the largest importer of sauces and seasonings in Western Africa, comprising 93% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mali (with a CAGR of +17.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported sauces and seasonings in Western Africa, comprising 26% of total imports. The second position in the ranking was held by Gambia ($X), with an 11% share of total imports. It was followed by Ghana, with a 9% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled -1.5%. In the other countries, the average annual rates were as follows: Gambia (+4.4% per year) and Ghana (-1.1% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, with an increase of 1.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 25%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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