Western Africa: Preserved Beef Market 2024

Preserved Beef Market Size in Western Africa

The West African preserved beef market totaled $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Preserved Beef Production in Western Africa

In value terms, preserved beef production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Preserved Beef Exports

Exports in Western Africa

In 2022, approx. X tons of beef and veal (salted, in brine, dried or smoked) were exported in Western Africa; with an increase of X% on 2021 figures. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, preserved beef exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) represented roughly X% of total exports in 2022.

Burkina Faso was also the fastest-growing in terms of the beef and veal (salted, in brine, dried or smoked) exports, with a CAGR of X% from 2012 to 2022. Burkina Faso (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) also remains the largest preserved beef supplier in Western Africa.

In Burkina Faso, preserved beef exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a sharp decline. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Burkina Faso.

From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to X% per year.

Preserved Beef Imports

Imports in Western Africa

For the third year in a row, Western Africa recorded growth in supplies from abroad of beef and veal (salted, in brine, dried or smoked), which increased by X% to X tons in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved beef imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mauritania (X tons) was the major importer of beef and veal (salted, in brine, dried or smoked), generating X% of total imports. It was distantly followed by Liberia (X tons), comprising a X% share of total imports. The following importers - Cabo Verde (X tons) and Ghana (X tons) - together made up X% of total imports.

Mauritania was also the fastest-growing in terms of the beef and veal (salted, in brine, dried or smoked) imports, with a CAGR of X% from 2012 to 2022. At the same time, Cabo Verde (X%), Liberia (X%) and Ghana (X%) displayed positive paces of growth. From 2012 to 2022, the share of Mauritania increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritania ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Liberia ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mauritania amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Liberia (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while Liberia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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