ECOWAS: Durum Wheat Market 2024

Durum Wheat Market Size in ECOWAS

In 2022, the ECOWAS durum wheat market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, showed a significant expansion. Over the period under review, the market attained the peak level at $X in 2021, and then fell in the following year.

Durum Wheat Production in ECOWAS

In value terms, durum wheat production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a tangible increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Togo (X tons) and Liberia (X tons), together comprising X% of total production. Mali, Niger and Burkina Faso lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Niger (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of durum wheat in ECOWAS contracted to X tons per ha, waning by X% on 2021. Over the period under review, the yield, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the durum wheat yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of durum wheat in ECOWAS amounted to X ha, approximately reflecting the previous year. In general, the harvested area, however, continues to indicate a deep setback. The growth pace was the most rapid in 2018 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Durum Wheat Exports

Exports in ECOWAS

In 2022, durum wheat exports in ECOWAS surged to X tons, jumping by X% against the previous year's figure. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, durum wheat exports soared to $X in 2022. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Senegal prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Burkina Faso (X tons), making up a X% share of total exports. Togo (X tons) held a minor share of total exports.

Senegal was also the fastest-growing in terms of the durum wheat exports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%) displayed positive paces of growth. Burkina Faso experienced a relatively flat trend pattern. While the share of Senegal (X p.p.) and Burkina Faso (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest durum wheat supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with a X% share of total exports.

In Senegal, durum wheat exports 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: Togo (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price continues to indicate notable growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Togo ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Durum Wheat Imports

Imports in ECOWAS

In 2022, after two years of growth, there was significant decline in supplies from abroad of durum wheat, when their volume decreased by X% to X tons. Over the period under review, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, durum wheat imports shrank to $X in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Nigeria (X tons) was the largest importer of durum wheat, constituting X% of total imports. It was distantly followed by Senegal (X tons), generating a X% share of total imports. Ghana (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Nigeria (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported durum wheat in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports.

In Nigeria, durum wheat imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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