ECOWAS: Currant And Gooseberry Market 2024

Currant And Gooseberry Market Size in ECOWAS

In 2022, the ECOWAS currant and gooseberry market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed prominent growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Currant And Gooseberry Production in ECOWAS

In value terms, currant and gooseberry production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Nigeria (X tons) constituted the country with the largest volume of currant and gooseberry production, accounting for X% of total volume. It was followed by Ghana (X tons), with a X% share of total production.

In Nigeria, currant and gooseberry production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Togo (X% per year).

Currant And Gooseberry Exports

Exports in ECOWAS

In 2022, shipments abroad of currants and gooseberries increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, currant and gooseberry exports skyrocketed to $X in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Togo prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. Burkina Faso (X kg) followed a long way behind the leaders.

Togo experienced a relatively flat trend pattern with regard to volume of exports of currants and gooseberries. At the same time, Burkina Faso (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Togo (X p.p.) significantly strengthened its position in terms of the total exports, while Burkina Faso saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Togo ($X) emerged as the largest currant and gooseberry supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total exports.

In Togo, currant and gooseberry exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a slight reduction. The growth pace was the most rapid in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per ton), while Burkina Faso stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%).

Currant And Gooseberry Imports

Imports in ECOWAS

Currant and gooseberry imports dropped significantly to X tons in 2022, which is down by X% against 2021. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, currant and gooseberry imports soared to $X in 2022. In general, imports, however, posted a significant expansion. 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 reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Nigeria was the major importer of currants and gooseberries in ECOWAS, with the volume of imports recording X tons, which was near X% of total imports in 2022. Senegal (X kg) ranks second in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%) and Cabo Verde (X%). Ghana (X kg) followed a long way behind the leaders.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Cabo Verde (X%), Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Senegal, Cote d'Ivoire and Cabo Verde increased by X, X, X and X percentage points, respectively.

In value terms, Cabo Verde ($X) constitutes the largest market for imported currants and gooseberries in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cabo Verde totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, 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 Cabo Verde ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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