Western Africa: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Western Africa

The West African prepared baking powder market dropped to $X in 2022, which is down by X% against the previous year. In general, consumption, however, saw a pronounced increase. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Prepared Baking Powder Production in Western Africa

In value terms, prepared baking powder production rose markedly to $X in 2022 estimated in export price. The total production indicated a buoyant 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 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Prepared Baking Powder Exports

Exports in Western Africa

Prepared baking powder exports dropped to X tons in 2022, which is down by X% compared with 2021 figures. Over the period under review, exports, however, recorded a measured increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared baking powder exports shrank slightly to $X in 2022. In general, exports, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Togo (X tons), distantly followed by Niger (X tons), Nigeria (X tons) and Cote d'Ivoire (X tons) were the major exporters of prepared baking powders, together creating X% of total exports. Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared baking powder supplying countries in Western Africa were Cote d'Ivoire ($X), Togo ($X) and Niger ($X), together accounting for X% of total exports. Nigeria and Senegal lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, increasing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of export peaked at $X per ton in 2015; however, from 2016 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 ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Prepared Baking Powder Imports

Imports in Western Africa

Prepared baking powder imports fell significantly to X tons in 2022, declining by X% on the previous year. Over the period under review, imports showed a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, prepared baking powder imports declined rapidly to $X in 2022. In general, imports showed a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria was the key importer of prepared baking powders in Western Africa, with the volume of imports recording X tons, which was near X% of total imports in 2022. Ghana (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Togo (X%), Senegal (X%) and Liberia (X%). Niger (X tons) and Sierra Leone (X tons) followed a long way behind the leaders.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Niger (X%), Senegal (X%), Ghana (X%), Liberia (X%) and Togo (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Sierra Leone (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Senegal (X p.p.), Liberia (X p.p.), Togo (X p.p.) and Niger (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported prepared baking powders in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Togo, with a X% share.

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

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 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 ($X per ton), while Togo ($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.

Source: IndexBox Platform