Western Africa: Grape Must Market 2024

Grape Must Market Size in Western Africa

The West African grape must market declined to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption saw a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Grape Must Production in Western Africa

In value terms, grape must production reduced modestly to $X in 2022 estimated in export price. Overall, production showed a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Grape Must Exports

Exports in Western Africa

In 2022, shipments abroad of grape must decreased by X% to X litres, falling for the eighth year in a row after three years of growth. In general, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X litres in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, grape must exports shrank to $X in 2022. Over the period under review, exports saw a dramatic descent. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal (X litres) and Ghana (X litres) represented roughly X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X litres), generating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Senegal ($X) remains the largest grape must supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Senegal, grape must exports 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: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per litre in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per litre), while Ghana ($X per litre) was amongst the lowest.

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

Grape Must Imports

Imports in Western Africa

In 2022, imports of grape must in Western Africa soared to X litres, rising by X% compared with the previous year. In general, imports, however, saw a abrupt decline. Over the period under review, imports attained the peak figure at X litres in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, grape must imports soared to $X in 2022. Overall, imports, however, saw a abrupt descent. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X litres) represented the major importer of grape must, generating X% of total imports. It was distantly followed by Burkina Faso (X litres) and Cabo Verde (X litres), together making up a X% share of total imports. The following importers - Ghana (X litres) and Mauritania (X litres) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to grape must imports into Nigeria stood at X%. At the same time, Mauritania (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) and Cabo Verde (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Burkina Faso (X p.p.) and Mauritania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) and Cabo Verde (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at X%. In the other countries, the average annual rates were as follows: Mauritania (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per litre in 2022, picking up by X% against the previous year. Import price indicated a moderate expansion 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Mauritania ($X per litre), while Burkina Faso ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform