Western Africa - Wheat Gluten - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Wheat Gluten Market 2024
Wheat Gluten Market Size in Western Africa
After three years of growth, the West African wheat gluten market decreased by -12.3% to $X in 2022. In general, consumption, however, continues to indicate a significant increase. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.
Wheat Gluten Production in Western Africa
In value terms, wheat gluten production declined remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 3,102% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.
Wheat Gluten Exports
Exports in Western Africa
In 2022, overseas shipments of wheat gluten decreased by -1.4% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by 202% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.
In value terms, wheat gluten exports soared to $X in 2022. Over the period under review, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 173%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.
Exports by Country
The shipments of the two major exporters of wheat gluten, namely Nigeria and Senegal, represented more than two-thirds of total export.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Nigeria (with a CAGR of +41.1%).
In value terms, the largest wheat gluten supplying countries in Western Africa were Nigeria ($X) and Senegal ($X).
In terms of the main exporting countries, Nigeria, with a CAGR of +43.9%, saw the highest growth rate of the value of exports, over the period under review.
Export Prices by Country
In 2022, the export price in Western Africa amounted to $X per ton, picking up by 32% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat gluten export price increased by +35.2% against 2019 indices. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Senegal totaled $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+2.0%).
Wheat Gluten Imports
Imports in Western Africa
In 2022, overseas purchases of wheat gluten decreased by -26.3% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 293% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell significantly in the following year.
In value terms, wheat gluten imports reached $X in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 303% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.
Imports by Country
Nigeria prevails in imports structure, reaching X tons, which was near 93% of total imports in 2022. The following importers - Mali (X tons) and Senegal (X tons) - together made up 5% of total imports.
Nigeria was also the fastest-growing in terms of the wheat gluten imports, with a CAGR of +40.8% from 2012 to 2022. At the same time, Mali (+17.5%) displayed positive paces of growth. By contrast, Senegal (-2.5%) illustrated a downward trend over the same period. Nigeria (+60 p.p.) significantly strengthened its position in terms of the total imports, while Mali and Senegal saw its share reduced by -3.4% and -28.6% from 2012 to 2022, respectively.
In value terms, Nigeria ($X) constitutes the largest market for imported wheat gluten in Western Africa, comprising 95% of total imports. The second position in the ranking was held by Senegal ($X), with a 1.9% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at +44.8%. In the other countries, the average annual rates were as follows: Senegal (-0.3% per year) and Mali (+12.9% per year).
Import Prices by Country
In 2022, the import price in Western Africa amounted to $X per ton, growing by 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Mali ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+2.8%), while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wheat gluten market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 24 - Wheat Gluten
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Western Africa, split by region and country
- Trade (exports and imports) in Western Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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