Western Africa: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Western Africa

The West African market for starch other than wheat, corn or potato rose sharply to $X in 2021, picking up by X% against the previous year. The total consumption indicated a tangible 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, consumption increased by +X% against 2016 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Production of Starch other than Wheat, Corn or Potato in Western Africa

In value terms, production of starch other than wheat, corn or potato totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Production By Country in Western Africa

Nigeria (X tons) constituted the country with the largest volume of production of starch other than wheat, corn or potato, accounting for X% of total volume. Moreover, production of starch other than wheat, corn or potato in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire (X tons), more than tenfold. Ghana (X tons) ranked third in terms of total production with a X% share.

In Nigeria, production of starch other than wheat, corn or potato expanded at an average annual rate of +X% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Cote d'Ivoire (+X% per year) and Ghana (+X% per year).

Exports of Starch other than Wheat, Corn or Potato

Exports in Western Africa

In 2021, shipments abroad of starch other than wheat, corn or potato decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, posted measured growth. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of starch other than wheat, corn or potato dropped significantly to $X in 2021. In general, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Cote d'Ivoire represented the key exporting country with an export of about X tons, which amounted to X% of total exports. Ghana (X tons) took the second position in the ranking, distantly followed by Senegal (X tons). All these countries together took approx. X% share of total exports. Nigeria (X tons), Guinea (X tons) and Togo (X tons) held a relatively small share of total exports.

Cote d'Ivoire experienced a relatively flat trend pattern with regard to volume of exports of starch other than wheat, corn or potato. At the same time, Ghana (+X%), Senegal (+X%), Togo (+X%) and Guinea (+X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +X% from 2012-2021. Nigeria experienced a relatively flat trend pattern. From 2012 to 2021, the share of Ghana and Senegal increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Senegal ($X) constituted the countries with the highest levels of exports in 2021, with a combined X% share of total exports.

Ghana, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the rn or potato in Western Africa amounted to $X per ton, approximately reflecting the previous year. Overall, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the export prices remained at a somewhat lower figure.

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

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

Imports of Starch other than Wheat, Corn or Potato

Imports in Western Africa

In 2021, imports of starch other than wheat, corn or potato in Western Africa skyrocketed to X tons, increasing by X% against the previous year's figure. Overall, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of starch other than wheat, corn or potato soared to $X in 2021. In general, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Burkina Faso (X tons) was the largest importer of starch other than wheat, corn or potato, comprising X% of total imports. Nigeria (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%). Ghana (X tons) followed a long way behind the leaders.

Burkina Faso was also the fastest-growing in terms of the starch other than wheat, corn or potato imports, with a CAGR of +X% from 2012 to 2021. At the same time, Nigeria (+X%) displayed positive paces of growth. Ghana experienced a relatively flat trend pattern. By contrast, Senegal (-X%) illustrated a downward trend over the same period. While the share of Burkina Faso (+X p.p.) and Nigeria (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ghana (-X p.p.) and Senegal (-X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported starch other than wheat, corn or potato in Western Africa, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, imports of starch other than wheat, corn or potato expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (-X% per year) and Ghana (-X% per year).

Import Prices by Country

In 2021, the rn or potato in Western Africa amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: 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 (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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