Report ECOWAS - Sheep and Goat Meat - Market Analysis, Forecast, Size, Trends and Insights for 499$
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ECOWAS - Sheep and Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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ECOWAS: Market for Sheep And Goat Meat 2023

Market Size for Sheep And Goat Meat in ECOWAS

The ECOWAS sheep and goat meat market contracted to $X in 2021, shrinking by -5.1% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Production of Sheep And Goat Meat in ECOWAS

In value terms, sheep and goat meat production reduced dramatically to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 49%. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Nigeria (X tons) constituted the country with the largest volume of sheep and goat meat production, comprising approx. 57% of total volume. Moreover, sheep and goat meat production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), sevenfold. The third position in this ranking was taken by Ghana (X tons), with a 7.3% share.

In Nigeria, sheep and goat meat production expanded at an average annual rate of +2.3% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Burkina Faso (+0.9% per year) and Ghana (+3.4% per year).

In 2021, the average sheep and goat meat yield in ECOWAS was estimated at X kg per head, leveling off at 2020 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by 5.8% against the previous year. The level of yield peaked at X kg per head in 2017; however, from 2018 to 2021, the yield stood at a somewhat lower figure.

The global number of animals slaughtered for sheep and goat meat production reduced to X heads in 2021, therefore, remained relatively stable against the previous year's figure. This number increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 when the number of producing animals increased by 6% against the previous year. Over the period under review, this number hit record highs at X heads in 2020, and then shrank slightly in the following year.

Exports of Sheep And Goat Meat

Exports in ECOWAS

Sheep and goat meat exports shrank to X tons in 2021, leveling off at 2020. In general, exports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2015 when exports increased by 111% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, sheep and goat meat exports skyrocketed to $X in 2021. Over the period under review, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 52% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2021, Nigeria (X tons) was the key exporter of sheep and goat meat, creating 54% of total exports. It was distantly followed by Senegal (X tons) and Cote d'Ivoire (X tons), together mixing up a 42% share of total exports. Ghana (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sheep and goat meat exports from Nigeria stood at +12.9%. At the same time, Cote d'Ivoire (+16.6%) and Senegal (+1.9%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +16.6% from 2012-2021. By contrast, Ghana (-11.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nigeria and Cote d'Ivoire increased by +30 and +13 percentage points, respectively.

In value terms, Nigeria ($X) remains the largest sheep and goat meat supplier in ECOWAS, comprising 94% of total exports. The second position in the ranking was taken by Senegal ($X), with a 3.8% share of total exports. It was followed by Cote d'Ivoire, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to +32.4%. In the other countries, the average annual rates were as follows: Senegal (-1.2% per year) and Cote d'Ivoire (+1.0% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, jumping by 20% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when the export price increased by 114%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+17.2%), while the other leaders experienced a decline in the export price figures.

Imports of Sheep And Goat Meat

Imports in ECOWAS

In 2021, purchases abroad of sheep and goat meat increased by 8.2% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sheep and goat meat imports skyrocketed to $X in 2021. Overall, imports, however, showed a perceptible setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Ghana (X tons) represented the key importer of sheep and goat meat, comprising 62% of total imports. It was distantly followed by Cote d'Ivoire (X tons) and Mali (X tons), together making up a 20% share of total imports. Senegal (X tons), Guinea (X tons), Cabo Verde (X tons) and Liberia (X tons) followed a long way behind the leaders.

Imports into Ghana decreased at an average annual rate of -10.7% from 2012 to 2021. At the same time, Mali (+11.5%), Cabo Verde (+7.6%) and Guinea (+4.3%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +11.5% from 2012-2021. By contrast, Senegal (-7.1%), Liberia (-8.1%) and Cote d'Ivoire (-10.4%) illustrated a downward trend over the same period. Mali (+5.8 p.p.), Guinea (+2 p.p.) and Cabo Verde (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Ghana saw its share reduced by -2.1% and -11.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported sheep and goat meat in ECOWAS, comprising 44% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 15% share of total imports. It was followed by Mali, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Ghana amounted to -7.6%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-5.1% per year) and Mali (+11.1% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, with an increase of 15% against the previous year. Import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Cabo Verde ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Liberia (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for sheep and goat meat in ECOWAS?
+
Nigeria remains the largest sheep and goat meat consuming country in ECOWAS, comprising approx. 57% of total volume. Moreover, sheep and goat meat consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Burkina Faso, sevenfold. The third position in this ranking was held by Ghana, with a 7.6% share.
What are the largest producers of sheep and goat meat in ECOWAS?
+
The country with the largest volume of sheep and goat meat production was Nigeria, accounting for 57% of total volume. Moreover, sheep and goat meat production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso, sevenfold. Ghana ranked third in terms of total production with a 7.3% share.
What are the leading exporters of sheep and goat meat in ECOWAS?
+
In value terms, Nigeria remains the largest sheep and goat meat supplier in ECOWAS, comprising 94% of total exports. The second position in the ranking was held by Senegal, with a 3.8% share of total exports. It was followed by Cote d'Ivoire, with a 1.4% share.
What are the leading importers of sheep and goat meat in ECOWAS?
+
In value terms, Ghana constitutes the largest market for imported sheep and goat meat in ECOWAS, comprising 44% of total imports. The second position in the ranking was taken by Cote d'Ivoire, with a 15% share of total imports. It was followed by Mali, with a 10% share.
What is the average export price for sheep and goat meat in ECOWAS?
+
In 2021, the export price in ECOWAS amounted to $29,877 per ton, with an increase of 20% against the previous year.
What is the average import price for sheep and goat meat in ECOWAS?
+
The import price in ECOWAS stood at $3,182 per ton in 2021, with an increase of 15% against the previous year.

This report provides an in-depth analysis of the market for sheep and goat meat in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 1017 - Goat meat
• FCL 977 - Meat of sheep

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in ECOWAS, split by region and country
• Trade (exports and imports) in ECOWAS
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Niger
• Nigeria
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Producing Animals, By Country, 2007-2022
Table 7:
Yield, By Country, 2007-2022
Table 8:
Imports, In Physical Terms, By Country, 2012–2022
Table 9:
Imports, In Value Terms, By Country, 2012–2022
Table 10:
Import Prices, By Country Of Destination, 2012–2022
Table 11:
Exports, In Physical Terms, By Country, 2012–2022
Table 12:
Exports, In Value Terms, By Country, 2012–2022
Table 13:
Export Prices, By Country Of Origin, 2012–2022
Table 14:
Producer Prices, By Major Producing Country, 2022
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2022
Figure 18:
Production, In Value Terms, 2012–2022
Figure 19:
Producing Animals, 2012–2022
Figure 20:
Yield, 2012–2022
Figure 21:
Production, By Country, 2022
Figure 22:
Production, In Physical Terms, By Country, 2012–2022
Figure 23:
Producing Animals, By Country, 2022
Figure 24:
Producing Animals, By Country, 2007-2022
Figure 25:
Yield, By Country, 2007-2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, 2012–2022
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