Cote d'Ivoire: Beef Market 2024

Beef Market Size in Cote d'Ivoire

The Cote d'Ivoire's beef market amounted to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Beef consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Beef Production in Cote d'Ivoire

In value terms, beef production totaled $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 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

In 2022, the average beef yield in Cote d'Ivoire dropped slightly to X kg per head, therefore, remained relatively stable against the year before. Over the period under review, the yield indicated pronounced growth from 2012 to 2022: its figure 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, beef yield increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. Over the period under review, the average beef yield reached the maximum level at X kg per head in 2021, and then shrank slightly in the following year.

In 2022, the number of animals slaughtered for beef production in Cote d'Ivoire reduced modestly to X heads, declining by X% against 2021 figures. Overall, the number of producing animals showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the number of producing animals increased by X%. The number of animals slaughtered for beef production peaked at X heads in 2013; however, from 2014 to 2022, producing animals remained at a lower figure.

Beef Exports

Exports from Cote d'Ivoire

After three years of decline, overseas shipments of beef (cattle meat) increased by X% to X tons in 2022. In general, exports, however, saw a deep slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, beef exports soared to $X in 2022. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal (X tons) was the main destination for beef exports from Cote d'Ivoire, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Senegal was relatively modest.

In value terms, Senegal ($X) emerged as the key foreign market for beef (cattle meat) exports from Cote d'Ivoire.

From 2012 to 2022, the average annual growth rate of value to Senegal was relatively modest.

Export Prices by Country

The average beef export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2022, the rate of growth in terms of prices for Liberia amounted to X% per year.

Beef Imports

Imports into Cote d'Ivoire

In 2022, imports of beef (cattle meat) into Cote d'Ivoire fell significantly to X tons, with a decrease of X% against the year before. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, beef imports fell rapidly to $X in 2022. In general, imports saw a perceptible decline. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Brazil (X tons) and Egypt (X tons) were the main suppliers of beef imports to Cote d'Ivoire, together comprising X% of total imports. France, Paraguay, Germany, the Netherlands, Spain, Poland, Italy and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest beef suppliers to Cote d'Ivoire were Brazil ($X), India ($X) and France ($X), with a combined X% share of total imports. Egypt, Paraguay, the Netherlands, Germany, Spain, Italy, Poland and Belgium lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, 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 average beef import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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