Western Africa: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Western Africa

The West African wheat and meslin flour market expanded to $X in 2022, growing by 2.4% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Wheat and Meslin Flour in Western Africa

In value terms, wheat and meslin flour production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 16%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Wheat and Meslin Flour

Exports in Western Africa

In 2022, exports of wheat and meslin flour in Western Africa soared to X tons, growing by 23% against the previous year. Over the period under review, exports recorded a temperate increase. The most prominent rate of growth was recorded in 2015 with an increase of 30%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, wheat and meslin flour exports amounted to $X in 2022. Overall, exports recorded measured growth. The most prominent rate of growth was recorded in 2017 with an increase of 30%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana represented the key exporter of wheat and meslin flour in Western Africa, with the volume of exports accounting for X tons, which was approx. 48% of total exports in 2022. Cote d'Ivoire (X tons) held the second position in the ranking, distantly followed by Togo (X tons) and Senegal (X tons). All these countries together held approx. 48% share of total exports. Mauritania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +46.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) remains the largest wheat and meslin flour supplier in Western Africa, comprising 49% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 25% share of total exports. It was followed by Togo, with a 12% share.

In Ghana, wheat and meslin flour exports expanded at an average annual rate of +42.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-8.3% per year) and Togo (+27.8% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, shrinking by -6.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 16%. The level of export peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+1.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wheat and Meslin Flour

Imports in Western Africa

In 2022, overseas purchases of wheat and meslin flour decreased by -23.5% to X tons, falling for the third year in a row after three years of growth. In general, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 68% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wheat and meslin flour imports declined markedly to $X in 2022. Overall, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of 73%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the five major importers of wheat and meslin flour, namely Sierra Leone, Ghana, Benin, Guinea-Bissau and Niger, represented more than two-thirds of total import. It was distantly followed by Mali (X tons), achieving a 6.1% share of total imports. Burkina Faso (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Guinea-Bissau (with a CAGR of +20.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat and meslin flour importing markets in Western Africa were Sierra Leone ($X), Ghana ($X) and Guinea-Bissau ($X), together comprising 56% of total imports.

Among the main importing countries, Guinea-Bissau, with a CAGR of +19.1%, 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

In 2022, the import price in Western Africa amounted to $X per ton, dropping by -13.5% against the previous year. Over the period under review, the import price saw a mild contraction. The growth pace was the most rapid in 2021 an increase of 11%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Niger ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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