Western Africa: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Western Africa

The West African frozen vegetable market skyrocketed to $X in 2022, jumping by X% against the previous year. The total consumption indicated a resilient increase 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, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Frozen Vegetable Production in Western Africa

In value terms, frozen vegetable production expanded notably to $X in 2022 estimated in export price. Overall, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Frozen Vegetable Exports

Exports in Western Africa

In 2022, shipments abroad of frozen vegetables increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated noticeable growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen vegetable exports dropped dramatically to $X in 2022. In general, exports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. Senegal (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%). The following exporters - Mali (X tons), Togo (X tons) and Burkina Faso (X tons) - together made up X% of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the frozen vegetables exports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%) displayed positive paces of growth. By contrast, Mali (X%), Senegal (X%), Ghana (X%) and Burkina Faso (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Among the main exporting countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2013 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 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 Ghana (X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Vegetable Imports

Imports in Western Africa

For the fifth year in a row, Western Africa recorded growth in supplies from abroad of frozen vegetables, which increased by X% to X tons in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen vegetable imports skyrocketed to $X in 2022. In general, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria was the largest importing country with an import of about X tons, which resulted at X% of total imports. Senegal (X tons) took the second position in the ranking, distantly followed by Ghana (X tons), Burkina Faso (X tons) and Cabo Verde (X tons). All these countries together held near X% share of total imports. Cote d'Ivoire (X tons), Mauritania (X tons), Sierra Leone (X tons), Benin (X tons), Liberia (X tons), Mali (X tons), Gambia (X tons) and Niger (X tons) held a minor share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%), Sierra Leone (X%), Niger (X%), Ghana (X%), Senegal (X%), Liberia (X%), Cote d'Ivoire (X%), Mauritania (X%), Cabo Verde (X%), Mali (X%), Benin (X%) and Gambia (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Nigeria (X p.p.), Burkina Faso (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire, Mali, Mauritania, Gambia, Benin, Senegal and Cabo Verde saw its share reduced by X%, X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported frozen vegetables in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Ghana, with an X% share.

In Nigeria, frozen vegetable imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained 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 Mali ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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