Western Africa: Processed Meat Market 2024

Processed Meat Market Size in Western Africa

The West African processed meat market expanded modestly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, recorded a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Processed Meat Production in Western Africa

In value terms, processed meat production reached $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Processed Meat Exports

Exports in Western Africa

In 2022, shipments abroad of processed meat increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, faced a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, processed meat exports skyrocketed to $X in 2022. In general, exports, however, faced a dramatic contraction. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Nigeria (X tons) represented the major exporter of processed meat, committing X% of total exports. Burkina Faso (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Gambia (X%). The following exporters - Ghana (X tons), Cote d'Ivoire (X tons) and Senegal (X tons) - each reached a X% share of total exports.

Exports from Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Gambia (X%), Senegal (X%) and Ghana (X%) illustrated a downward trend over the same period. Burkina Faso (X p.p.), Gambia (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria and Ghana saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) emerged as the largest processed meat supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with an X% share of total exports. It was followed by Gambia, with a X% share.

In Nigeria, processed meat exports declined by 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: Senegal (X% per year) and Gambia (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Processed Meat Imports

Imports in Western Africa

In 2022, purchases abroad of processed meat increased by X% to X tons, rising for the fifth year in a row after two years of decline. Total imports indicated buoyant growth 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, processed meat imports reduced to $X in 2022. Total imports indicated a perceptible expansion 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped slightly in the following year.

Imports by Country

Ghana represented the largest importing country with an import of around X tons, which finished at X% of total imports. Gambia (X tons) ranks second in terms of the total imports with a X% share, followed by Sierra Leone (X%), Senegal (X%), Liberia (X%), Cabo Verde (X%), Togo (X%) and Benin (X%).

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Gambia (X%), Sierra Leone (X%), Togo (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Liberia (X%) and Benin (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Gambia (X p.p.), Senegal (X p.p.) and Sierra Leone (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Liberia (X p.p.) and Benin (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported processed meat in Western Africa, comprising X% of total imports. The second position in the ranking was held by Gambia ($X), with a X% share of total imports. It was followed by Cabo Verde, with a X% share.

In Ghana, processed meat imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Gambia (X% per year) and Cabo Verde (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price showed a perceptible slump. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 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 Cabo Verde ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform