ECOWAS: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in ECOWAS

The ECOWAS waffle and wafer market amounted to $X in 2022, standing approx. at the previous year. Overall, consumption, however, showed a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Waffle And Wafer Production in ECOWAS

In value terms, waffle and wafer production rose modestly to $X in 2022 estimated in export price. Over the period under review, production saw a strong expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. 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.

Waffle And Wafer Exports

Exports in ECOWAS

In 2022, the amount of waffles and wafers exported in ECOWAS soared to X tons, growing by X% against the previous year. Over the period under review, exports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, waffle and wafer exports soared to $X in 2022. Overall, exports continue to indicate mild growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Ghana (X tons) and Senegal (X tons) prevails in exports structure, together achieving X% of total exports. It was distantly followed by Nigeria (X tons), committing a X% share of total exports. Benin (X tons) followed a long way behind the leaders.

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

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

Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 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 Benin ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Waffle And Wafer Imports

Imports in ECOWAS

In 2022, overseas purchases of waffles and wafers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, waffle and wafer imports contracted notably to $X in 2022. Total imports indicated temperate growth 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. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then reduced markedly in the following year.

Imports by Country

The purchases of the ten major importers of waffles and wafers, namely Cote d'Ivoire, Guinea, Ghana, Nigeria, Mali, Liberia, Togo, Sierra Leone, Benin and Senegal, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest waffle and wafer importing markets in ECOWAS were Cote d'Ivoire ($X), Guinea ($X) and Ghana ($X), with a combined X% share of total imports.

In terms of the main importing countries, Guinea, 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, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the 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 Senegal ($X per ton), while Togo ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :