Report Western Africa - Cereal Grains - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 23, 2022

Western Africa - Cereal Grains - Market Analysis, Forecast, Size, Trends and Insights
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Western Africa: Grain Market 2022

Grain Market Size in Western Africa

The West African grain market was estimated at $X in 2021, stabilizing at the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2016 when the market value increased by X%. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Grain Production in Western Africa

In value terms, grain production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

The country with the largest volume of grain production was Nigeria (X tons), comprising approx. X% of total volume. Moreover, grain production in Nigeria exceeded the figures recorded by the second-largest producer, Mali (X tons), threefold. Niger (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in Nigeria totaled +X%. In the other countries, the average annual rates were as follows: Mali (+X% per year) and Niger (+X% per year).

The average grain yield fell to X tons per ha in 2021, which is down by -X% against the previous year's figure. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2020, and then contracted slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of cereal grains in Western Africa rose slightly to X ha, with an increase of X% compared with the previous year's figure. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of harvested area peaked in 2021 and is expected to retain growth in the near future.

Grain Exports

Exports in Western Africa

In 2021, the amount of cereal grains exported in Western Africa expanded slightly to X tons, surging by X% on 2020 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, grain exports reduced slightly to $X in 2021. In general, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Burkina Faso (X tons) was the main exporter of cereal grains, achieving X% of total exports. Mali (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (X%) and Cote d'Ivoire (X%). Nigeria (X tons), Togo (X tons) and Sierra Leone (X tons) followed a long way behind the leaders.

Exports from Burkina Faso increased at an average annual rate of +X% from 2012 to 2021. At the same time, Mali (+X%), Senegal (+X%), Sierra Leone (+X%), Togo (+X%) and Cote d'Ivoire (+X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +X% from 2012-2021. By contrast, Nigeria (-X%) illustrated a downward trend over the same period. Burkina Faso (+X p.p.), Mali (+X p.p.), Senegal (+X p.p.), Cote d'Ivoire (+X p.p.) and Togo (+X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grain supplying countries in Western Africa were Senegal ($X), Burkina Faso ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports.

Senegal, 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 more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the export price recorded a deep setback. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+X%), while the other leaders experienced mixed trends in the export price figures.

Grain Imports

Imports in Western Africa

In 2021, the amount of cereal grains imported in Western Africa contracted markedly to X tons, shrinking by -X% on the previous year's figure. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern 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 hit record highs at X tons in 2020, and then contracted significantly in the following year.

In value terms, grain imports dropped modestly to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2020, and then contracted slightly in the following year.

Imports by Country

Nigeria prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2021. Ghana (X tons) held the second position in the ranking, followed by Mauritania (X tons) and Cote d'Ivoire (X tons). All these countries together took near X% share of total imports. Senegal (X tons), Mali (X tons) and Togo (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of +X% from 2012 to 2021. At the same time, Mali (+X%), Togo (+X%), Mauritania (+X%), Ghana (+X%) and Cote d'Ivoire (+X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +X% from 2012-2021. By contrast, Senegal (-X%) illustrated a downward trend over the same period. While the share of Nigeria (+X p.p.) and Mali (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Senegal (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported cereal grains in Western Africa, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, grain imports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-X% per year) and Ghana (-X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, growing by X% against the previous year. Overall, the import price, however, continues to indicate a slight setback. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countrydestination: the country with the highest price was Nigeria ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cereal grains in Western Africa?
+
The country with the largest volume of grain consumption was Nigeria, comprising approx. 43% of total volume. Moreover, grain consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Mali, threefold. Niger ranked third in terms of total consumption with a 7% share.
What are the largest producers of cereal grains in Western Africa?
+
The country with the largest volume of grain production was Nigeria, comprising approx. 41% of total volume. Moreover, grain production in Nigeria exceeded the figures recorded by the second-largest producer, Mali, threefold. Niger ranked third in terms of total production with a 7.8% share.
What are the leading exporters of cereal grains in Western Africa?
+
In value terms, Senegal, Burkina Faso and Cote d'Ivoire constituted the countries with the highest levels of exports in 2021, together comprising 73% of total exports.
What are the leading importers of cereal grains in Western Africa?
+
In value terms, Nigeria constitutes the largest market for imported cereal grains in Western Africa, comprising 66% of total imports. The second position in the ranking was taken by Cote d'Ivoire, with a 7.6% share of total imports. It was followed by Ghana, with a 7.2% share.
What is the average export price for cereal grains in Western Africa?
+
In 2021, the export price in Western Africa amounted to $136 per ton, reducing by -6.7% against the previous year.
What is the average import price for cereal grains in Western Africa?
+
In 2021, the import price in Western Africa amounted to $275 per ton, surging by 18% against the previous year.

This report provides an in-depth analysis of the grain market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 108 - Cereals, nes
• FCL 103 - Mixed grain
• FCL 92 - Quinoa
• FCL 15 - Wheat
• FCL 71 - Rye
• FCL 44 - Barley
• FCL 75 - Oats
• FCL 56 - Maize
• FCL 27 - Rice, paddy
• FCL 83 - Sorghum
• FCL 89 - Buckwheat
• FCL 101 - Canary seed
• FCL 94 - Fonio
• FCL 97 - Triticale
• FCL 79 - Millet
Country coverage:
• Benin
• Burkina Faso
• Cabo Verde
• Cote d'Ivoire
• Gambia
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Western Africa, split by region and country
• Trade (exports and imports) in Western Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Niger
• Nigeria
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Harvested Area, By Country, 2012–2021
Table 7:
Yield, By Country, 2012–2021
Table 8:
Imports, In Physical Terms, By Country, 2012–2021
Table 9:
Imports, In Value Terms, By Country, 2012–2021
Table 10:
Import Prices, By Country Of Destination, 2012–2021
Table 11:
Exports, In Physical Terms, By Country, 2012–2021
Table 12:
Exports, In Value Terms, By Country, 2012–2021
Table 13:
Export Prices, By Country Of Origin, 2012–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2021
Figure 18:
Production, In Value Terms, 2012–2021
Figure 19:
Area Harvested, 2012–2021
Figure 20:
Yield, 2012–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2012–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2012–2021
Figure 25:
Yield, By Country, 2012–2021
Figure 26:
Imports, In Physical Terms, 2012–2021
Figure 27:
Imports, In Value Terms, 2012–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2012–2021
Figure 30:
Imports, In Value Terms, By Country, 2012–2021
Figure 31:
Import Prices, By Country, 2012–2021
Figure 32:
Exports, In Physical Terms, 2012–2021
Figure 33:
Exports, In Value Terms, 2012–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2012–2021
Figure 36:
Exports, In Value Terms, By Country, 2012–2021
Figure 37:
Export Prices, 2012–2021
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