ECOWAS: Grapefruit Market 2024

Grapefruit Market Size in ECOWAS

The ECOWAS grapefruit market skyrocketed to $X in 2022, rising by X% against the previous year. The market 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 level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Grapefruit Production in ECOWAS

In value terms, grapefruit production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Cote d'Ivoire (X tons) remains the largest grapefruit producing country in ECOWAS, accounting for X% of total volume. Moreover, grapefruit production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Mali (X tons), more than tenfold.

In Cote d'Ivoire, grapefruit production remained relatively stable over the period from 2012-2022.

In 2022, the average grapefruit yield in ECOWAS fell slightly to X tons per ha, approximately mirroring 2021 figures. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the grapefruit yield remained at a somewhat 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 grapefruits in ECOWAS declined modestly to X ha, approximately reflecting the previous year. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the harvested area attained the peak level of X ha; afterwards, it flattened through to 2022.

Grapefruit Exports

Exports in ECOWAS

In 2022, overseas shipments of grapefruits decreased by X% to X kg, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, grapefruit exports fell significantly to $X in 2022. Overall, exports saw a dramatic shrinkage. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of grapefruits, namely Cote d'Ivoire, represented more than two-thirds of total export.

Cote d'Ivoire was also the fastest-growing in terms of the grapefruits exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest grapefruit supplier in ECOWAS.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled X%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Grapefruit Imports

Imports in ECOWAS

In 2022, after two years of decline, there was significant growth in overseas purchases of grapefruits, when their volume increased by X% to X tons. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, grapefruit imports soared to $X in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Nigeria dominates imports structure, recording X tons, which was near X% of total imports in 2022. The following importers - Mali (X tons) and Ghana (X tons) - each finished at a X% share of total imports.

Nigeria was also the fastest-growing in terms of the grapefruits imports, with a CAGR of X% from 2012 to 2022. At the same time, Mali (X%) and Ghana (X%) displayed positive paces of growth. While the share of Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mali (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

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

In Nigeria, grapefruit imports increased 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: Ghana (X% per year) and Mali (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per ton), while Mali ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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