Western Africa: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Western Africa

The West African preparations for animal feeding market was estimated at $X in 2022, remaining stable against the previous year. The total consumption indicated a noticeable expansion 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 reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Preparations Used In Animal Feeding in Western Africa

In value terms, preparations for animal feeding production totaled $X in 2022 estimated in export price. The total production indicated a pronounced 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Preparations Used In Animal Feeding

Exports in Western Africa

In 2022, after five years of growth, there was decline in overseas shipments of preparations used in animal feeding, when their volume decreased by X% to X tons. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, preparations for animal feeding exports shrank remarkably to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

In 2022, Mauritania (X tons) was the largest exporter of preparations used in animal feeding, making up X% of total exports. Senegal (X tons) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%) and Nigeria (X%). The following exporters - Benin (X tons) and Ghana (X tons) - each reached a X% share of total exports.

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

In value terms, Mauritania ($X) remains the largest preparations for animal feeding supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Nigeria, with an X% share.

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

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a 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 ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Imports of Preparations Used In Animal Feeding

Imports in Western Africa

After four years of growth, purchases abroad of preparations used in animal feeding decreased by X% to X tons in 2022. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, preparations for animal feeding imports fell slightly to $X in 2022. In general, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Nigeria (X tons), Cote d'Ivoire (X tons) and Ghana (X tons) was the main importer of preparations used in animal feeding in Western Africa, constituting X% of total import. Mali (X tons) held the next position in the ranking, followed by Guinea (X tons). All these countries together took near X% share of total imports. The following importers - Burkina Faso (X tons) and Cabo Verde (X tons) - each reached an X% share 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 Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Mali, Guinea, Cabo Verde and Burkina Faso lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 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 Nigeria ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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