Western Africa: Gin And Geneva Market 2024

Gin And Geneva Market Size in Western Africa

The West African gin and geneva market contracted slightly to $X in 2022, standing approx. at the previous year. In general, consumption, however, enjoyed a strong expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Gin And Geneva Production in Western Africa

In value terms, gin and geneva production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Gin And Geneva Exports

Exports in Western Africa

In 2022, shipments abroad of gin and geneva decreased by X% to X litres, falling for the second year in a row after five years of growth. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X litres in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, gin and geneva exports shrank to $X in 2022. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X% 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

Ghana prevails in exports structure, recording X litres, which was approx. X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X litres), achieving a X% share of total exports. Nigeria (X litres) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to gin and geneva exports from Ghana stood at X%. At the same time, Nigeria (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

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

In Ghana, gin and geneva exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per litre in 2022, with an increase of X% against the previous year. In general, the export price, however, saw a deep setback. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, 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 Cote d'Ivoire ($X per litre), while Nigeria ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Gin And Geneva Imports

Imports in Western Africa

In 2022, supplies from abroad of gin and geneva increased by X% to X litres, rising for the third consecutive year after two years of decline. Total imports indicated perceptible 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X litres in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, gin and geneva imports totaled $X in 2022. Total imports indicated a strong 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana represented the largest importing country with an import of about X litres, which resulted at X% of total imports. It was distantly followed by Nigeria (X litres) and Burkina Faso (X litres), together making up a X% share of total imports. Niger (X litres), Benin (X litres), Cote d'Ivoire (X litres) and Togo (X litres) took a little share of total imports.

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

In value terms, Ghana ($X) constitutes the largest market for imported gin and geneva in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Ghana, gin and geneva imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per litre in 2022, which is down by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price 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, gin and geneva import price decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price reached the peak level of $X per litre. From 2019 to 2022, the import prices remained at a 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 Cote d'Ivoire ($X per litre), while Togo ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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