Report Update Apr 1, 2024

Western Africa - Chicory - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Chicory Market 2024

Chicory Market Size in Western Africa

The West African chicory market amounted to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption showed a measured expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Chicory Production in Western Africa

In value terms, chicory production declined modestly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Ghana (X kg), Nigeria (X kg) and Senegal (X kg).

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

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Chicory Exports

Exports in Western Africa

In 2018, exports of chicory in Western Africa surged to X kg, growing by X% on the year before. In general, exports, however, showed a deep reduction. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2013; however, from 2014 to 2018, the exports remained at a lower figure.

In value terms, chicory exports shrank remarkably to $X in 2018. Over the period under review, exports, however, saw a significant decrease. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2017, and then contracted significantly in the following year.

Exports by Country

Nigeria represented the main exporting country with an export of about X kg, which resulted at X% of total exports. It was distantly followed by Senegal (X kg), generating a X% share of total exports.

Exports from Nigeria decreased at an average annual rate of X% from 2012 to 2018. Senegal experienced a relatively flat trend pattern. While the share of Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2018, the share of Nigeria (X p.p.) displayed negative dynamics.

From 2012 to 2018, the average annual rate of growth in terms of value in Nigeria totaled X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2018, falling by X% against the previous year. Overall, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2018, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Chicory Imports

Imports in Western Africa

In 2022, the amount of chicory imported in Western Africa surged to X kg, growing by X% compared with the year before. Over the period under review, imports, however, saw a sharp downturn. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, chicory imports surged to $X in 2022. Overall, imports, however, continue to indicate a significant contraction. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Senegal represented the main importing country with an import of about X kg, which reached X% of total imports. It was distantly followed by Benin (X kg), comprising a X% share of total imports.

Senegal experienced a relatively flat trend pattern with regard to volume of imports of chicory. Benin experienced a relatively flat trend pattern. While the share of Senegal (X p.p.) and Benin (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chicory importing markets in Western Africa were Senegal ($X) and Benin ($X). Moreover, chicory imports in Senegal exceeded the figures recorded by the region's second-largest importer, Benin, twofold.

In terms of the main importing countries, Benin, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

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 recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per ton), while Senegal stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Benin (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in Western Africa?

The countries with the highest volumes of consumption in 2023 were Ghana, Nigeria and Senegal.

What are the largest producers of chicory in Western Africa?

The countries with the highest volumes of production in 2022 were Ghana, Nigeria and Senegal.

What are the leading importers of chicory in Western Africa?

In value terms, Senegal $84) and Benin $42) appeared to be the countries with the highest levels of imports in 2022. Moreover, chicory imports in Senegal exceeded the figures recorded by the region's second-largest importer, Benin, twofold.

What is the average export price for chicory in Western Africa?

In 2018, the export price in Western Africa amounted to $1,113 per ton, falling by -94% against the previous year.

What is the average import price for chicory in Western Africa?

In 2022, the import price in Western Africa amounted to $6,000 per ton, reducing by -66.7% against the previous year.

This report provides an in-depth analysis of the chicory 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 459 - Chicory roots

Country coverage:

Benin
Burkina Faso
Cabo Verde
Cote d'Ivoire
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Harvested Area, By Country, 2012-2023
7. Yield, By Country, 2012-2023
8. Imports, In Physical Terms, By Country, 2012–2023
9. Imports, In Value Terms, By Country, 2012–2023
10. Import Prices, By Country Of Destination, 2012–2023
11. Exports, In Physical Terms, By Country, 2012–2023
12. Exports, In Value Terms, By Country, 2012–2023
13. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2023
19. Production, In Value Terms, 2012–2023
20. Area Harvested, 2012–2023
21. Yield, 2012–2023
22. Production, By Country, 2023
23. Production, In Physical Terms, By Country, 2012–2023
24. Harvested Area, By Country, 2023
25. Harvested Area, By Country, 2012-2023
26. Yield, By Country, 2012-2023
27. Imports, In Physical Terms, 2012–2023
28. Imports, In Value Terms, 2012–2023
29. Imports, In Physical Terms, By Country, 2023
30. Imports, In Physical Terms, By Country, 2012–2023
31. Imports, In Value Terms, By Country, 2012–2023
32. Import Prices, By Country, 2012–2023
33. Exports, In Physical Terms, 2012–2023
34. Exports, In Value Terms, 2012–2023
35. Exports, In Physical Terms, By Country, 2023
36. Exports, In Physical Terms, By Country, 2012–2023
37. Exports, In Value Terms, By Country, 2012–2023
38. Export Prices, 2012–2023