ECOWAS: Roasted Coffee Substitutes Market 2023

Roasted Coffee Substitutes Market Size in ECOWAS

The ECOWAS roasted coffee substitutes market rose remarkably to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption showed a buoyant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Roasted Coffee Substitutes Production in ECOWAS

In value terms, roasted coffee substitutes production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Roasted Coffee Substitutes Exports

Exports in ECOWAS

In 2022, the amount of roasted chicory and other roasted coffee substitutes exported in ECOWAS skyrocketed to X tons, with an increase of X% compared with the previous year's figure. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, roasted coffee substitutes exports soared to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Niger dominates exports structure, recording X tons, which was near X% of total exports in 2022. Mali (X tons) held a minor share of total exports.

Niger experienced a relatively flat trend pattern with regard to volume of exports of roasted chicory and other roasted coffee substitutes. At the same time, Mali (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Niger (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Niger ($X) emerged as the largest roasted coffee substitutes supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Niger was relatively modest.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, declining by X% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 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 2015; however, from 2016 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 Mali ($X per ton), while Niger stood at $X per ton.

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

Roasted Coffee Substitutes Imports

Imports in ECOWAS

In 2022, purchases abroad of roasted chicory and other roasted coffee substitutes increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, roasted coffee substitutes imports rose remarkably to $X in 2022. Total imports indicated a measured expansion 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Niger (X tons) was the main importer of roasted chicory and other roasted coffee substitutes, comprising X% of total imports. Cote d'Ivoire (X tons) took the second position in the ranking, distantly followed by Senegal (X tons), Cabo Verde (X tons), Mali (X tons) and Burkina Faso (X tons). All these countries together took approx. X% share of total imports. Benin (X tons) took a minor share of total imports.

Niger was also the fastest-growing in terms of the roasted chicory and other roasted coffee substitutes imports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%), Benin (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Cabo Verde (X%), Mali (X%) and Burkina Faso (X%) illustrated a downward trend over the same period. While the share of Niger (X p.p.), Senegal (X p.p.) and Benin (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (X p.p.), Mali (X p.p.), Cabo Verde (X p.p.) and Burkina Faso (X p.p.) displayed negative dynamics.

In value terms, the largest roasted coffee substitutes importing markets in ECOWAS were Niger ($X), Cabo Verde ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports.

Among the main importing countries, Niger, with a CAGR of X%, saw the highest rates of growth with regard to 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, dropping by X% against the previous year. In general, the import price recorded a mild downturn. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood 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 Cabo Verde ($X per ton), while Mali ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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