Western Africa: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Western Africa

The West African market for frozen pig meat other than cuts or carcases shrank to $X in 2022, which is down by -8.6% against the previous year. In general, consumption, however, enjoyed resilient growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Western Africa

In value terms, production of frozen pig meat other than cuts or carcases fell to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 110% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The country with the largest volume of production of frozen pig meat other than cuts or carcases was Nigeria (X tons), accounting for 76% of total volume. Moreover, production of frozen pig meat other than cuts or carcases in Nigeria exceeded the figures recorded by the second-largest producer, Niger (X tons), sevenfold. Burkina Faso (X tons) ranked third in terms of total production with a 7.9% share.

In Nigeria, production of frozen pig meat other than cuts or carcases expanded at an average annual rate of +9.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Niger (+10.8% per year) and Burkina Faso (+6.8% per year).

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports in Western Africa

In 2022, after six years of growth, there was significant decline in overseas shipments of frozen pig meat other than cuts or carcases, when their volume decreased by -8.3% to X tons. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by 264% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, exports of frozen pig meat other than cuts or carcases dropped to $X in 2022. Over the period under review, exports, however, saw a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of 72% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of frozen pig meat other than cuts or carcases, namely Mauritania, represented more than two-thirds of total export.

Mauritania was also the fastest-growing in terms of the frozen pig meat other than cuts or carcases exports, with a CAGR of +18.2% from 2012 to 2022. While the share of Mauritania (+43 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritania ($X) also remains the largest frozen pig meat other than cuts or carcases supplier in Western Africa.

In Mauritania, exports of frozen pig meat other than cuts or carcases expanded at an average annual rate of +11.3% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price showed a deep downturn. The growth pace was the most rapid in 2017 when the export price increased by 11%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to -5.9% per year.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports in Western Africa

After three years of growth, purchases abroad of frozen pig meat other than cuts or carcases decreased by -13.1% to X tons in 2022. Overall, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 51%. Over the period under review, imports of attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, imports of frozen pig meat other than cuts or carcases dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Cote d'Ivoire represented the largest importer of frozen pig meat other than cuts or carcases in Western Africa, with the volume of imports amounting to X tons, which was approx. 53% of total imports in 2022. Liberia (X tons) ranks second in terms of the total imports with a 33% share, followed by Ghana (8.5%). Cabo Verde (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ghana (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen pig meat other than cuts or carcases importing markets in Western Africa were Cote d'Ivoire ($X), Liberia ($X) and Ghana ($X), together accounting for 79% of total imports.

In terms of the main importing countries, Ghana, with a CAGR of +22.2%, recorded the highest rates of growth with regard to the value of imports, 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, standing approx. at the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2017 when the import price increased by 4.8% against the previous year. 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 Cabo Verde ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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