ECOWAS: Market for Eggs, Excluding Hen Eggs 2024

Market Size for Eggs, Excluding Hen Eggs in ECOWAS

In 2022, the ECOWAS egg, excluding hen egg market decreased by X% to $X for the first time since 2014, thus ending a seven-year rising trend. In general, consumption, however, continues to indicate a significant expansion. The level of consumption peaked at $X in 2021, and then reduced remarkably in the following year.

Production of Eggs, Excluding Hen Eggs in ECOWAS

In value terms, egg, excluding hen egg production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of egg, excluding hen egg production was Nigeria (X tons), comprising approx. X% of total volume. Moreover, egg, excluding hen egg production in Nigeria exceeded the figures recorded by the second-largest producer, Liberia (X tons), twofold. Cote d'Ivoire (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nigeria stood at X%. In the other countries, the average annual rates were as follows: Liberia (X% per year) and Cote d'Ivoire (X% per year).

Exports of Eggs, Excluding Hen Eggs

Exports in ECOWAS

In 2022, after two years of decline, there was significant growth in shipments abroad of eggs, excluding hen eggs, when their volume increased by X% to X tons. Overall, exports showed prominent growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, egg, excluding hen egg exports stood at $X in 2022. Over the period under review, exports showed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria represented the key exporter of eggs, excluding hen eggs in ECOWAS, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X tons), Ghana (X tons) and Senegal (X tons), together generating a X% share of total exports.

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

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

Among the main exporting countries, Ghana, with a CAGR of X%, saw the highest growth rate of the value of exports, 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, declining by X% against the previous year. Overall, the export price saw a abrupt contraction. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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.

Imports of Eggs, Excluding Hen Eggs

Imports in ECOWAS

In 2022, purchases abroad of eggs, excluding hen eggs decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, egg, excluding hen egg imports declined markedly to $X in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

The purchases of the six major importers of eggs, excluding hen eggs, namely Liberia, Senegal, Guinea-Bissau, Sierra Leone, Gambia and Mali, represented more than two-thirds of total import.

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

In value terms, the largest egg, excluding hen egg importing markets in ECOWAS were Senegal ($X), Mali ($X) and Liberia ($X), together comprising X% of total imports.

In terms of the main importing countries, Liberia, with a CAGR of X%, saw 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

In 2022, the import price in ECOWAS amounted to $X per ton, reducing by X% against the previous year. Import price indicated a tangible expansion 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. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then declined dramatically in the following year.

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

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

Source: IndexBox Platform

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