Western Africa: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Western Africa

In 2022, after four years of growth, there was decline in the West African spirits and liqueurs market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Spirits And Liqueurs Production in Western Africa

In value terms, spirits and liqueurs production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Spirits And Liqueurs Exports

Exports in Western Africa

In 2022, exports of spirits, liqueurs and other spirituous beverages in Western Africa shrank markedly to X litres, with a decrease of X% against 2021 figures. In general, exports saw a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X litres in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, spirits and liqueurs exports declined dramatically to $X in 2022. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X litres) and Cote d'Ivoire (X litres) dominates exports structure, together achieving X% of total exports. It was distantly followed by Togo (X litres), mixing up a X% share of total exports. Burkina Faso (X litres), Cabo Verde (X litres) and Nigeria (X litres) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Cote d'Ivoire ($X) remains the largest spirits and liqueurs supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with an X% share of total exports. It was followed by Burkina Faso, with a X% share.

In Cote d'Ivoire, spirits and liqueurs exports increased at 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: Ghana (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per litre, almost unchanged from the previous year. Over the period under review, the export price showed a abrupt downturn. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Burkina Faso ($X per litre), while Togo ($X per litre) was amongst the lowest.

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

Spirits And Liqueurs Imports

Imports in Western Africa

In 2022, supplies from abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X litres in 2021, and then fell in the following year.

In value terms, spirits and liqueurs imports fell to $X in 2022. Total imports indicated a strong increase 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 2015 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

Togo (X litres), Nigeria (X litres) and Ghana (X litres) represented roughly X% of total imports in 2022. Mali (X litres) held the next position in the ranking, followed by Cote d'Ivoire (X litres) and Burkina Faso (X litres). All these countries together held approx. X% share of total imports. Guinea (X litres) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Mali, Togo, Guinea and Burkina Faso lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, saw the highest rates of growth with regard to 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 litre in 2022, picking up by X% against the previous year. Overall, the import price recorded a modest increase. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked at $X per litre in 2014; however, from 2015 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 Ghana ($X per litre), while Togo ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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