ECOWAS: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in ECOWAS

The ECOWAS preserved swine meat market was estimated at $X in 2022, remaining relatively unchanged 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. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Preserved Swine Meat Production in ECOWAS

In value terms, preserved swine meat production amounted 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 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% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Preserved Swine Meat Exports

Exports in ECOWAS

In 2022, preserved swine meat exports in ECOWAS contracted to X tons, falling by X% against 2021. In general, exports showed a deep downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, preserved swine meat exports contracted remarkably to $X in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of prepared or preserved hams and cuts of swine meat, namely Senegal, Guinea and Benin, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest preserved swine meat supplying countries in ECOWAS were Senegal ($X), Benin ($X) and Guinea ($X), with a combined X% share of total exports.

Among 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 a decline in the exports figures.

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. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while Guinea ($X per ton) was amongst the lowest.

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

Preserved Swine Meat Imports

Imports in ECOWAS

In 2022, imports of prepared or preserved hams and cuts of swine meat in ECOWAS declined slightly to X tons, which is down by X% on the year before. Overall, imports, however, showed a notable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell modestly in the following year.

In value terms, preserved swine meat imports contracted to $X in 2022. Over the period under review, imports, however, showed tangible growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Cabo Verde (X tons), distantly followed by Cote d'Ivoire (X tons), Togo (X tons), Benin (X tons), Mali (X tons), Ghana (X tons) and Guinea-Bissau (X tons) were the main importers of prepared or preserved hams and cuts of swine meat, together achieving X% of total imports.

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

In value terms, the largest preserved swine meat importing markets in ECOWAS were Cote d'Ivoire ($X), Cabo Verde ($X) and Mali ($X), with a combined X% share of total imports.

Mali, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per ton), while Cabo Verde ($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 more modest paces of growth.

Source: IndexBox Platform

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