ECOWAS: Turkey Meat Market 2024

Turkey Meat Market Size in ECOWAS

After four years of growth, the ECOWAS turkey meat market decreased by X% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Turkey Meat Production in ECOWAS

In value terms, turkey meat production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a mild expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Nigeria (X tons) remains the largest turkey meat producing country in ECOWAS, accounting for X% of total volume. Moreover, turkey meat production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X kg), more than tenfold.

In Nigeria, turkey meat production increased at an average annual rate of X% over the period from 2012-2022.

Turkey Meat Exports

Exports in ECOWAS

In 2022, after four years of decline, there was significant growth in shipments abroad of turkey meat, when their volume increased by X% to X tons. In general, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, turkey meat exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Liberia (X tons) and Togo (X tons) dominates exports structure, together constituting X% of total exports. It was distantly followed by Nigeria (X tons), creating a X% share of total exports. Ghana (X tons) held a little share of total exports.

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

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

Nigeria, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 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 2014; however, from 2015 to 2022, the export prices remained at a 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 Ghana ($X per ton), while Liberia ($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.

Turkey Meat Imports

Imports in ECOWAS

In 2022, after three years of growth, there was significant decline in purchases abroad of turkey meat, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, turkey meat imports dropped to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Benin represented the key importing country with an import of about X tons, which amounted to X% of total imports. Ghana (X tons) ranks second in terms of the total imports with a X% share, followed by Guinea (X%) and Liberia (X%).

Imports into Benin decreased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%), Guinea (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Ghana (X p.p.), Guinea (X p.p.) and Liberia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Benin (X p.p.) displayed negative dynamics.

In value terms, Benin ($X), Ghana ($X) and Guinea ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Ghana, with a CAGR of X%, saw the highest growth rate of 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, which is down by X% against the previous year. In general, the import price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 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 Ghana ($X per ton), while Benin ($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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :