ECOWAS: Roasted Coffee Market 2024

Roasted Coffee Market Size in ECOWAS

The ECOWAS roasted coffee market expanded modestly to $X in 2022, with an increase of X% against the previous year. Overall, consumption enjoyed resilient growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Roasted Coffee Production in ECOWAS

In value terms, roasted coffee production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Roasted Coffee Exports

Exports in ECOWAS

In 2022, after five years of decline, there was significant growth in shipments abroad of roasted coffee, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, roasted coffee exports surged to $X in 2022. In general, exports, however, saw a deep reduction. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso was the largest exporter of roasted coffee in ECOWAS, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Guinea (X tons), mixing up an X% share of total exports. Senegal (X tons), Togo (X tons) and Ghana (X tons) followed a long way behind the leaders.

Burkina Faso was also the fastest-growing in terms of the roasted coffee exports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) and Ghana (X%) displayed positive paces of growth. By contrast, Guinea (X%) and Togo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Burkina Faso and Senegal increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guinea ($X), Burkina Faso ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Burkina Faso, with a CAGR of X%, saw the highest rates of growth with regard to 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

The export price in ECOWAS stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price showed a noticeable reduction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 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 Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Roasted Coffee Imports

Imports in ECOWAS

In 2022, purchases abroad of roasted coffee decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated resilient growth from 2012 to 2022: its volume 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 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, roasted coffee imports reduced dramatically to $X in 2022. Over the period under review, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Senegal (X tons) and Burkina Faso (X tons) were the largest importers of roasted coffee in 2022, accounting for approx. X% and X% of total imports, respectively. Cote d'Ivoire (X tons) ranks next in terms of the total imports with a X% share, followed by Nigeria (X%) and Mali (X%). The following importers - Ghana (X tons) and Cabo Verde (X tons) - each amounted to an X% share 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 roasted coffee importing markets in ECOWAS were Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total imports.

Ghana, 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

In 2022, the import price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated a temperate expansion 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, roasted coffee import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :