ECOWAS: Meat Dishes Market 2024

Meat Dishes Market Size in ECOWAS

The ECOWAS meat dishes market was estimated at $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Meat Dishes Production in ECOWAS

In value terms, meat dishes production totaled $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 remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Meat Dishes Exports

Exports in ECOWAS

In 2022, the amount of meat dishes exported in ECOWAS dropped to X tons, falling by X% compared with 2021. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, meat dishes exports shrank rapidly to $X in 2022. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of meat dishes, namely Cote d'Ivoire, Ghana, Gambia and Senegal, represented more than two-thirds of total export. Sierra Leone (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Liberia (X%). Benin (X tons) and Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Senegal ($X) and Gambia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Sierra Leone, Cote d'Ivoire, Benin, Liberia and Guinea lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Benin, 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, waning by X% against the previous year. Export price indicated slight growth 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. Based on 2022 figures, meat dishes export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

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 Sierra Leone ($X per ton), while Guinea ($X per ton) was amongst the lowest.

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

Meat Dishes Imports

Imports in ECOWAS

After four years of growth, purchases abroad of meat dishes decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, meat dishes imports dropped to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced modestly in the following year.

Imports by Country

Ghana was the main importer of meat dishes in ECOWAS, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Gambia (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Liberia (X%), Sierra Leone (X%), Cabo Verde (X%), Senegal (X%), Benin (X%), Guinea (X%) and Togo (X%).

From 2012 to 2022, average annual rates of growth with regard to meat dishes imports into Ghana stood at X%. At the same time, Gambia (X%), Senegal (X%), Guinea (X%), Togo (X%), Sierra Leone (X%), Cabo Verde (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Benin (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Gambia (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Liberia and Benin saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported meat dishes in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Gambia ($X), with a X% share of total imports. It was followed by Cabo Verde, with an X% share.

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

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 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 ($X per ton), while Togo ($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%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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