ECOWAS: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in ECOWAS

For the fifth consecutive year, the ECOWAS market for frozen vegetables other than potato and corn recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption continues to indicate prominent growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Frozen Vegetables other than Potato and Corn in ECOWAS

In value terms, production of frozen vegetables other than potato and corn dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Frozen Vegetables other than Potato and Corn

Exports in ECOWAS

In 2022, approx. X tons of frozen vegetables other than potato and corn were exported in ECOWAS; reducing by X% compared with the previous year's figure. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of frozen vegetables other than potato and corn declined notably to $X in 2022. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X tons), distantly followed by Senegal (X tons), Ghana (X tons), Togo (X tons) and Burkina Faso (X tons) represented the key exporters of frozen vegetables other than potato and corn, together making up X% of total exports. Niger (X tons) and Mali (X tons) took a little 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 Niger (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Ghana ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Burkina Faso, Togo, Mali and Niger lagged somewhat behind, together accounting for a further X%.

Niger, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The export price in ECOWAS stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 ($X per ton), while Niger ($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 more modest paces of growth.

Imports of Frozen Vegetables other than Potato and Corn

Imports in ECOWAS

In 2022, imports of frozen vegetables other than potato and corn in ECOWAS soared to X tons, jumping by X% compared with the year before. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of frozen vegetables other than potato and corn surged to $X in 2022. In general, imports recorded a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Burkina Faso (X tons), Cabo Verde (X tons), Liberia (X tons), Niger (X tons), Ghana (X tons), Mali (X tons), Senegal (X tons) and Cote d'Ivoire (X tons) represented the largest importers of frozen vegetables other than potato and corn, together committing X% of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported frozen vegetables other than potato and corn in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cabo Verde ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

In Nigeria, imports of frozen vegetables other than potato and corn 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: Cabo Verde (X% per year) and Mali (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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