Western Africa: Vinegar Market 2024

Vinegar Market Size in Western Africa

The West African vinegar market stood at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Vinegar Production in Western Africa

In value terms, vinegar production rose to $X in 2022 estimated in export price. In general, production saw prominent growth. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Vinegar Exports

Exports in Western Africa

In 2022, vinegar exports in Western Africa amounted to X tons, picking up by X% against the previous year's figure. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, vinegar exports shrank slightly to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Senegal prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Benin (X tons) followed a long way behind the leaders.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Senegal (X p.p.) and Benin (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest vinegar supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Benin ($X), with a X% share of total exports.

In Senegal, vinegar exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Benin amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Vinegar Imports

Imports in Western Africa

In 2022, the amount of vinegar imported in Western Africa dropped remarkably to X tons, which is down by X% against the previous year. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, vinegar imports fell significantly to $X in 2022. In general, imports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank notably in the following year.

Imports by Country

Guinea-Bissau was the main importing country with an import of around X tons, which resulted at X% of total imports. Senegal (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Gambia (X%), Cabo Verde (X%), Nigeria (X%) and Ghana (X%). Mali (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guinea-Bissau ($X), Senegal ($X) and Gambia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Gambia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 ton in 2022, approximately mirroring the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per ton), while Guinea-Bissau ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :