Western Africa: Ice Cream Market 2024

Ice Cream Market Size in Western Africa

The West African ice cream market skyrocketed to $X in 2023, growing by X% against the previous year. Over the period under review, consumption enjoyed strong growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Ice Cream Production in Western Africa

In value terms, ice cream production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production posted a slight increase. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Ice Cream Exports

Exports in Western Africa

In 2023, shipments abroad of ice cream decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, ice cream exports expanded modestly to $X in 2023. In general, exports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Ghana prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. Senegal (X tons) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the ice cream exports, with a CAGR of X% from 2012 to 2023. At the same time, Senegal (X%) displayed positive paces of growth. From 2012 to 2023, the share of Ghana and Senegal increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Ghana amounted to X%.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed measured growth. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, 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 Senegal ($X per ton), while Ghana stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Ice Cream Imports

Imports in Western Africa

After two years of growth, purchases abroad of ice cream decreased by X% to X tons in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, ice cream imports dropped to $X in 2023. Total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, Cote d'Ivoire (X tons) represented the major importer of ice cream, committing X% of total imports. Burkina Faso (X tons) ranks second in terms of the total imports with a X% share, followed by Senegal (X%), Benin (X%), Nigeria (X%) and Mali (X%). The following importers - Gambia (X tons) and Togo (X tons) - each accounted for a X% share of total imports.

Imports into Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2023. At the same time, Mali (X%), Togo (X%), Senegal (X%), Gambia (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Burkina Faso (X%) and Benin (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Senegal (X p.p.), Mali (X p.p.), Nigeria (X p.p.), Togo (X p.p.) and Gambia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Burkina Faso (X p.p.) and Benin (X p.p.) displayed negative dynamics.

In value terms, the largest ice cream importing markets in Western Africa were Cote d'Ivoire ($X), Senegal ($X) and Nigeria ($X), with a combined X% share of total imports. Mali, Benin, Burkina Faso, Gambia and Togo lagged somewhat behind, together accounting for a further X%.

Mali, 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 2023, the import price in Western Africa amounted to $X per ton, surging by X% against the previous year. Import price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2023, the import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform