Western Africa: Wool Grease Market 2025

Wool Grease Market Size in Western Africa

After three years of growth, the West African wool grease market decreased by -6.8% to $X in 2022. Overall, consumption saw a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wool Grease Production in Western Africa

In value terms, wool grease production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wool Grease Exports

Exports in Western Africa

In 2022, approx. X tons of wool grease and fatty substances were exported in Western Africa; growing by 284% against 2021. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wool grease exports soared to $X in 2022. Over the period under review, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Togo represented the largest exporting country with an export of around X tons, which accounted for 69% of total exports. It was distantly followed by Senegal (X tons), committing a 30% share of total exports. Cote d'Ivoire (X tons) took a little share of total exports.

Togo experienced a relatively flat trend pattern with regard to volume of exports of wool grease and fatty substances. At the same time, Senegal (+8.8%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +8.8% from 2012-2022. Cote d'Ivoire experienced a relatively flat trend pattern. Togo (+69 p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire and Senegal saw its share reduced by -8.9% and -57.8% from 2012 to 2022, respectively.

In value terms, Togo ($X) emerged as the largest wool grease supplier in Western Africa, comprising 75% of total exports. The second position in the ranking was taken by Senegal ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Togo was relatively modest. In the other countries, the average annual rates were as follows: Senegal (+3.5% per year) and Cote d'Ivoire (+0.1% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, increasing by 21% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2018 an increase of 38% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+0.1%).

Wool Grease Imports

Imports in Western Africa

In 2022, overseas purchases of wool grease and fatty substances decreased by -3% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 59%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wool grease imports dropped to $X in 2022. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by 26%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Cote d'Ivoire (X tons), Nigeria (X tons) and Senegal (X tons) represented roughly 82% of total imports in 2022. It was distantly followed by Togo (X tons), achieving a 7.4% share of total imports. Ghana (X tons), Gambia (X tons) and Guinea (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 main importing countries, was attained by Gambia (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wool grease importing markets in Western Africa were Senegal ($X), Cote d'Ivoire ($X) and Nigeria ($X), with a combined 82% share of total imports. Togo, Ghana, Gambia and Guinea lagged somewhat behind, together accounting for a further 17%.

Togo, with a CAGR of +21.4%, 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 ton, dropping by -3.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 58% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

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 ($X per ton), while Gambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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