ECOWAS: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in ECOWAS

In 2022, the ECOWAS preserved sweet corn market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, showed a perceptible decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Preserved Sweet Corn Production in ECOWAS

In value terms, preserved sweet corn production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The country with the largest volume of preserved sweet corn production was Togo (X tons), comprising approx. X% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Togo stood at X%.

Preserved Sweet Corn Exports

Exports in ECOWAS

In 2022, exports of sweet corn prepared or preserved in ECOWAS reduced dramatically to X tons, shrinking by X% compared with 2021. Over the period under review, exports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved sweet corn exports shrank remarkably to $X in 2022. Overall, exports, however, showed a slight increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Togo (X tons) was the main exporter of sweet corn prepared or preserved, constituting X% of total exports. Senegal (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%), Cote d'Ivoire (X%) and Nigeria (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Togo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Togo ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Togo, with a CAGR of X%, recorded 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, rising by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced mixed trends in the export price figures.

Preserved Sweet Corn Imports

Imports in ECOWAS

In 2022, overseas purchases of sweet corn prepared or preserved increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, preserved sweet corn imports surged to $X in 2022. In general, imports, however, showed a mild contraction. 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 reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons) represented the main importer of sweet corn prepared or preserved, achieving X% of total imports. It was distantly followed by Senegal (X tons), Cabo Verde (X tons) and Cote d'Ivoire (X tons), together committing a X% share of total imports. Benin (X tons), Ghana (X tons) and Sierra Leone (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to preserved sweet corn imports into Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Sierra Leone (X%), Ghana (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Cabo Verde experienced a relatively flat trend pattern. By contrast, Benin (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Cote d'Ivoire (X p.p.), Cabo Verde (X p.p.), Ghana (X p.p.) and Sierra Leone (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Benin (X p.p.) and Nigeria (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported sweet corn prepared or preserved in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cabo Verde ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

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

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a prominent 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, preserved sweet corn import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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 Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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