Western Africa: Gin And Geneva Market 2023

Gin And Geneva Market Size in Western Africa

The West African gin and geneva market fell sharply to $X in 2022, which is down by -17% against the previous year. Over the period under review, consumption continues to indicate a slight decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Gin And Geneva Production in Western Africa

In value terms, gin and geneva production reduced notably to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 142%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Gin And Geneva Exports

Exports in Western Africa

In 2022, approx. X litres of gin and geneva were exported in Western Africa; with a decrease of -19.5% compared with the previous year. Overall, exports faced a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 192% against the previous year. Over the period under review, the exports hit record highs at X litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, gin and geneva exports contracted to $X in 2022. Over the period under review, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2016 with an increase of 84% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire dominates exports structure, reaching X litres, which was near 88% of total exports in 2022. It was distantly followed by Ghana (X litres), committing a 7.3% share of total exports. Nigeria (X litres) followed a long way behind the leaders.

Cote d'Ivoire was also the fastest-growing in terms of the gin and geneva exports, with a CAGR of +36.3% from 2012 to 2022. At the same time, Nigeria (+18.0%) displayed positive paces of growth. By contrast, Ghana (-31.7%) illustrated a downward trend over the same period. Cote d'Ivoire (+87 p.p.) and Nigeria (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by -90.7% from 2012 to 2022, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest gin and geneva supplier in Western Africa, comprising 87% of total exports. The second position in the ranking was held by Nigeria ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled +32.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (+34.7% per year) and Ghana (-45.5% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per litre, picking up by 7.4% against the previous year. In general, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 173%. Over the period under review, the export prices hit record highs at $X per litre in 2012; however, from 2013 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 Nigeria ($X per litre), while Ghana ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+14.1%), while the other leaders experienced a decline in the export price figures.

Gin And Geneva Imports

Imports in Western Africa

Gin and geneva imports dropped modestly to X litres in 2022, with a decrease of -4% against 2021. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 79% against the previous year. As a result, imports attained the peak of X litres, and then dropped in the following year.

In value terms, gin and geneva imports contracted to $X in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Togo (X litres), Ghana (X litres) and Burkina Faso (X litres) represented roughly 86% of total imports in 2022. The following importers - Cote d'Ivoire (X litres), Benin (X litres) and Niger (X litres) - together made up 9.5% of total imports.

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 +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Ghana ($X) and Benin ($X) were the countries with the highest levels of imports in 2022, with a combined 79% share of total imports.

In terms of the main importing countries, Ghana, with a CAGR of +17.2%, saw the highest growth rate of 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

In 2022, the import price in Western Africa amounted to $X per litre, with a decrease of -11% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 25%. The level of import peaked at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per litre), while Burkina Faso ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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