Western Africa: Yoghurt Market 2024

Yoghurt Market Size in Western Africa

The West African yoghurt market declined to $X in 2022, remaining constant against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.6% against 2020 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Yoghurt Production in Western Africa

In value terms, yoghurt production amounted to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.5% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 55% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Yoghurt Exports

Exports in Western Africa

Yoghurt exports soared to X tons in 2022, growing by 19% against the previous year's figure. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 97% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, yoghurt exports stood at $X in 2022. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 124% against the previous year. The level of export peaked 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 yoghurt in Western Africa, with the volume of exports reaching X tons, which was approx. 52% of total exports in 2022. Nigeria (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (17%) and Benin (9.8%). Cote d'Ivoire (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to yoghurt exports from Ghana stood at +40.8%. At the same time, Benin (+83.1%), Senegal (+74.5%), Nigeria (+14.4%) and Cote d'Ivoire (+11.2%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +83.1% from 2012-2022. Ghana (+43 p.p.), Senegal (+17 p.p.) and Benin (+9.7 p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire and Nigeria saw its share reduced by -3.3% and -6.2% from 2012 to 2022, respectively.

In value terms, Ghana ($X) remains the largest yoghurt supplier in Western Africa, comprising 48% of total exports. The second position in the ranking was taken by Senegal ($X), with a 21% share of total exports. It was followed by Nigeria, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana amounted to +41.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+61.0% per year) and Nigeria (+9.4% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, with a decrease of -6.7% against the previous year. In general, the export price showed a pronounced descent. The growth pace was the most rapid in 2017 when the export price increased by 14% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+0.8%), while the other leaders experienced a decline in the export price figures.

Yoghurt Imports

Imports in Western Africa

In 2022, overseas purchases of yoghurt decreased by -1% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 59% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, yoghurt imports fell slightly to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +90.9% against 2012 indices. The growth pace was the most rapid in 2017 when imports increased by 41%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Togo (X tons), distantly followed by Ghana (X tons), Cabo Verde (X tons), Mali (X tons) and Mauritania (X tons) were the key importers of yoghurt, together comprising 72% of total imports. Burkina Faso (X tons), Benin (X tons), Nigeria (X tons), Gambia (X tons), Cote d'Ivoire (X tons), Guinea-Bissau (X tons), Niger (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 key importing countries, was attained by Togo (with a CAGR of +87.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Cabo Verde ($X) and Mali ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 47% share of total imports.

In terms of the main importing countries, Togo, with a CAGR of +79.7%, recorded the highest growth rate of 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

The import price in Western Africa stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price saw a noticeable setback. The pace of growth appeared the most rapid in 2021 an increase of 15%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+0.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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