Western Africa: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Western Africa

The West African sheep and goat meat market dropped to $X in 2021, reducing by -X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Sheep And Goat Meat in Western Africa

In value terms, sheep and goat meat production dropped sharply to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X, and then fell remarkably in the following year.

The country with the largest volume of sheep and goat meat production was Nigeria (X tons), accounting for X% of total volume. Moreover, sheep and goat meat production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), sevenfold. Niger (X tons) ranked third in terms of total production with a X% share.

In Nigeria, sheep and goat meat production expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Burkina Faso (+X% per year) and Niger (+X% per year).

In 2021, the average sheep and goat meat yield in Western Africa contracted modestly to X kg per head, waning by -X% on the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2014 to 2021, the growth of the sheep and goat meat yield remained at a lower figure.

In 2021, approx. X heads of animals slaughtered for sheep and goat meat production in Western Africa; increasing by X% against the year before. This number increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Sheep And Goat Meat

Exports in Western Africa

In 2021, sheep and goat meat exports in Western Africa declined sharply to X kg, with a decrease of -X% compared with 2020 figures. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, sheep and goat meat exports declined notably to $X in 2021. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Ghana (X kg) represented the largest exporter of sheep and goat meat in Western Africa, committing X% of total export.

Ghana was also the fastest-growing in terms of the sheep and goat meat exports, with a CAGR of +X% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest sheep and goat meat supplier in Western Africa.

In Ghana, sheep and goat meat exports increased at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to +X% per year.

Imports of Sheep And Goat Meat

Imports in Western Africa

Sheep and goat meat imports soared to X tons in 2021, picking up by X% on 2020. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, sheep and goat meat imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mali represented the major importer of sheep and goat meat in Western Africa, with the volume of imports reaching X tons, which was approx. X% of total imports in 2021. Cote d'Ivoire (X tons) took the second position in the ranking, distantly followed by Nigeria (X tons). All these countries together held near X% share of total imports. Liberia (X tons) followed a long way behind the leaders.

Imports into Mali increased at an average annual rate of +X% from 2012 to 2021. At the same time, Nigeria (+X%) and Cote d'Ivoire (+X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +X% from 2012-2021. By contrast, Liberia (-X%) illustrated a downward trend over the same period. Mali (+X p.p.), Cote d'Ivoire (+X p.p.) and Nigeria (+X p.p.) significantly strengthened its position in terms of the total imports, while Liberia saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Mali ($X) constitutes the largest market for imported sheep and goat meat in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Liberia, with a X% share.

In Mali, sheep and goat meat imports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+X% per year) and Liberia (-X% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform