Western Africa: Wine Market 2024

Wine Market Size in Western Africa

The West African wine market reached $X in 2022, with an increase of X% against the previous year. In general, consumption, however, saw a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wine Production in Western Africa

In value terms, wine production rose modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Wine Exports

Exports in Western Africa

In 2022, after two years of growth, there was significant decline in shipments abroad of wine and grape must, when their volume decreased by X% to X litres. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X litres in 2021, and then declined in the following year.

In value terms, wine exports reduced to $X in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Togo dominates exports structure, amounting to X litres, which was near X% of total exports in 2022. Ghana (X litres) held a minor share of total exports.

Togo was also the fastest-growing in terms of the wine and grape must exports, with a CAGR of X% from 2012 to 2022. Ghana (X%) illustrated a downward trend over the same period. Togo (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Togo stood at X%.

Export Prices by Country

The export price in Western Africa stood at $X per litre in 2022, waning by X% against the previous year. In general, the export price saw a pronounced decrease. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per litre. From 2014 to 2022, the export prices failed to regain momentum.

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

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

Wine Imports

Imports in Western Africa

Wine imports reached X litres in 2022, growing by X% on the previous year's figure. Total imports indicated a measured expansion from 2012 to 2022: its volume 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 growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, wine imports reduced slightly to $X in 2022. Total imports indicated perceptible growth 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 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Cote d'Ivoire was the key importing country with an import of around X litres, which accounted for X% of total imports. It was distantly followed by Ghana (X litres), Guinea-Bissau (X litres), Togo (X litres), Burkina Faso (X litres) and Nigeria (X litres), together generating a X% share of total imports. Senegal (X litres) held a little share of total imports.

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

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

Togo, with a CAGR of X%, recorded 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

In 2022, the import price in Western Africa amounted to $X per litre, which is down by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per litre. From 2015 to 2022, the import prices remained at a somewhat 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 ($X per litre), while Burkina Faso ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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