Western Africa: Dried Onion Market 2024

Dried Onion Market Size in Western Africa

In 2022, the West African dried onion market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw tangible growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Dried Onion Production in Western Africa

In value terms, dried onion production amounted to $X in 2022 estimated in export price. The total production indicated a pronounced expansion 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Dried Onion Exports

Exports in Western Africa

In 2022, shipments abroad of dried onions increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, dried onion exports soared to $X in 2022. Over the period under review, exports saw a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Cote d'Ivoire was the major exporting country with an export of about X tons, which accounted for X% of total exports. Mali (X tons) ranks second in terms of the total exports with a X% share, followed by Senegal (X%) and Niger (X%).

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

In value terms, Cote d'Ivoire ($X), Niger ($X) and Senegal ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Niger, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 2022, falling by X% against the previous year. In general, the export price, however, recorded slight growth. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 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 Niger ($X per ton), while Mali ($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 mixed trends in the export price figures.

Dried Onion Imports

Imports in Western Africa

In 2022, purchases abroad of dried onions decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined rapidly in the following year.

In value terms, dried onion imports contracted rapidly to $X in 2022. Overall, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria (X tons) and Senegal (X tons) represented roughly X% of total imports in 2022. Cote d'Ivoire (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Benin (X%). Mauritania (X tons) held a minor share of total imports.

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

In value terms, Senegal ($X), Nigeria ($X) and Benin ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Benin, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in Western Africa amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a deep contraction. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire ($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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :