Western Africa: Market for Swine Bellies (Salted, in Brine, Dried or Smoked) 2024

Market Size for Swine Bellies (Salted, in Brine, Dried or Smoked) in Western Africa

In 2022, the West African market for swine bellies (salted, in brine, dried or smoked) was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Swine Bellies (Salted, in Brine, Dried or Smoked) in Western Africa

In value terms, production of swine bellies (salted, in brine, dried or smoked) dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Exports in Western Africa

In 2022, approx. X tons of swine bellies (salted, in brine, dried or smoked) were exported in Western Africa; jumping by X% against 2021 figures. In general, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, exports of swine bellies (salted, in brine, dried or smoked) soared to $X in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Senegal represented the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Niger (X tons), creating a X% share of total exports.

Senegal was also the fastest-growing in terms of the swine bellies (salted, in brine, dried or smoked) exports, with a CAGR of X% from 2012 to 2022. Niger (X%) illustrated a downward trend over the same period. While the share of Niger (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) emerged as the largest salted, dried, or smoked swine bellies supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Senegal totaled X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, leveling off at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Niger amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Imports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Imports in Western Africa

After two years of decline, overseas purchases of swine bellies (salted, in brine, dried or smoked) increased by X% to X tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of swine bellies (salted, in brine, dried or smoked) surged to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Cabo Verde represented the key importer of swine bellies (salted, in brine, dried or smoked) in Western Africa, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Ghana (X tons), Liberia (X tons), Benin (X tons), Mali (X tons) and Cote d'Ivoire (X tons), together achieving a X% share of total imports. Mauritania (X tons) followed a long way behind the leaders.

Imports into Cabo Verde increased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritania (X%), Mali (X%), Cote d'Ivoire (X%) and Benin (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Liberia experienced a relatively flat trend pattern. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cabo Verde, Mali, Benin, Mauritania and Cote d'Ivoire increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salted, dried, or smoked swine bellies importing markets in Western Africa were Cabo Verde ($X), Ghana ($X) and Liberia ($X), with a combined X% share of total imports. Mali, Benin, Cote d'Ivoire and Mauritania lagged somewhat behind, together comprising a further X%.

Mauritania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Benin ($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 more modest paces of growth.

Source: IndexBox Platform