Western Africa: Market for Non-Mineral or Non-Aerated Waters 2024

Market Size for Non-Mineral or Non-Aerated Waters in Western Africa

The West African non-mineral or non-aerated water market reduced modestly to $X in 2021, approximately reflecting the previous year. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +49.8% against 2015 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell modestly in the following year.

Production of Non-Mineral or Non-Aerated Waters in Western Africa

In value terms, non-mineral or non-aerated water production reduced to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 +58.4% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced in the following year.

Exports of Non-Mineral or Non-Aerated Waters

Exports in Western Africa

In 2021, after two years of growth, there was significant decline in shipments abroad of non-mineral or non-aerated waters, when their volume decreased by -50.8% to X litres. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 375%. The volume of export peaked at X litres in 2020, and then contracted sharply in the following year.

In value terms, non-mineral or non-aerated water exports declined markedly to $X in 2021. In general, exports, however, showed notable growth. The growth pace was the most rapid in 2015 with an increase of 262%. The level of export peaked at $X in 2020, and then contracted dramatically in the following year.

Exports by Country

Nigeria was the major exporting country with an export of around X litres, which finished at 60% of total exports. Niger (X litres) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Cabo Verde (13%). Mali (X litres) and Ghana (X litres) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-mineral or non-aerated water exports from Nigeria stood at +9.9%. At the same time, Niger (+18.7%) and Mali (+16.1%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +18.7% from 2012-2021. Cabo Verde experienced a relatively flat trend pattern. By contrast, Ghana (-8.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Cabo Verde, Niger and Nigeria increased by +13, +9 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-mineral or non-aerated water supplying countries in Western Africa were Nigeria ($X), Niger ($X) and Ghana ($X), together accounting for 80% of total exports.

In terms of the main exporting countries, Niger, with a CAGR of +19.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per litre in 2021, growing by 31% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the export price increased by 72%. Over the period under review, the export prices attained the peak figure at $X per litre in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per litre), while Cabo Verde ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+3.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Mineral or Non-Aerated Waters

Imports in Western Africa

In 2021, approx. X litres of non-mineral or non-aerated waters were imported in Western Africa; increasing by 76% compared with 2020. Overall, imports recorded a temperate increase. The volume of import peaked at X litres in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, non-mineral or non-aerated water imports surged to $X in 2021. Total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.0% against 2019 indices. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Senegal was the major importer of non-mineral or non-aerated waters in Western Africa, with the volume of imports amounting to X litres, which was near 48% of total imports in 2021. Cote d'Ivoire (X litres) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (8.1%), Mali (8.1%) and Benin (5.4%). Burkina Faso (X litres) and Liberia (X litres) followed a long way behind the leaders.

Senegal experienced a relatively flat trend pattern with regard to volume of imports of non-mineral or non-aerated waters. At the same time, Mali (+47.4%), Burkina Faso (+31.8%), Cote d'Ivoire (+26.5%), Liberia (+15.6%), Nigeria (+7.1%) and Benin (+6.1%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +47.4% from 2012-2021. Cote d'Ivoire (+11 p.p.), Mali (+7.7 p.p.), Burkina Faso (+3.7 p.p.), Liberia (+1.8 p.p.) and Nigeria (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Senegal saw its share reduced by -24.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2021, together comprising 56% of total imports. Liberia, Mali, Burkina Faso and Benin lagged somewhat behind, together accounting for a further 27%.

Among the main importing countries, Mali, with a CAGR of +46.5%, saw the highest rates of growth with regard to 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

The import price in Western Africa stood at $X per litre in 2021, shrinking by -18.2% against the previous year. In general, the import price saw a noticeable slump. The growth pace was the most rapid in 2016 when the import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per litre. From 2017 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Liberia ($X per litre), while Benin ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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