ECOWAS: Birds Egg Market 2024

Birds Egg Market Size in ECOWAS

After five years of growth, the ECOWAS birds egg market decreased by X% to $X in 2022. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Birds Egg Production in ECOWAS

In value terms, birds egg production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Birds Egg Exports

Exports in ECOWAS

For the third year in a row, ECOWAS recorded decline in overseas shipments of birds eggs, which decreased by X% to X tons in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, birds egg exports shrank significantly to $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons) and Nigeria (X tons) represented roughly X% of total exports in 2022. Senegal (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%).

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

In value terms, the largest birds egg supplying countries in ECOWAS were Senegal ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined X% share of total exports.

Ghana, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then dropped significantly in the following year.

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 Senegal ($X per ton), while Nigeria ($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 (X%), while the other leaders experienced a decline in the export price figures.

Birds Egg Imports

Imports in ECOWAS

In 2022, overseas purchases of birds eggs decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. The volume of import peaked at X tons in 2021, and then declined notably in the following year.

In value terms, birds egg imports stood at $X in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Liberia (X tons), distantly followed by Gambia (X tons), Senegal (X tons), Cote d'Ivoire (X tons), Sierra Leone (X tons) and Guinea-Bissau (X tons) represented the major importers of birds eggs, together making up X% of total imports. Nigeria (X tons) followed a long way behind the leaders.

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

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Liberia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in ECOWAS stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated measured growth from 2012 to 2022: its price 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, birds egg import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Liberia ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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