Western Africa: Preserved Cows Meat Market 2022

Preserved Cows Meat Market Size in Western Africa

In 2021, after seven years of growth, there was decline in the West African preserved cows meat market, when its value decreased by -X% to $X. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2013 indices. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Preserved Cows Meat Production in Western Africa

In value terms, preserved cows meat production declined to $X in 2021 estimated in export prices. Over the period under review, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped modestly in the following year.

Production By Country in Western Africa

Nigeria (X tonnes) constituted the country with the largest volume of preserved cows meat production, comprising approx. X% of total volume. Moreover, preserved cows meat production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire (X tonnes), more than tenfold. The third position in this ranking was occupied by Mali (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume in Nigeria totaled +X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+X% per year) and Mali (+X% per year).

Preserved Cows Meat Exports

Exports in Western Africa

Preserved cows meat exports shrank markedly to X tonnes in 2021, with a decrease of -X% against the year before. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The volume of export peaked at X tonnes in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved cows meat exports fell sharply to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. The level of export peaked at $X in 2020, and then fell markedly in the following year.

Exports by Country

Togo (X tonnes) and Gambia (X tonnes) represented roughly X% of total exports of prepared or preserved meat or offal of bovine animals in 2021. Senegal (X tonnes) took a X% share (based on tonnes) of total exports, which put it in second place, followed by Mali (X%). The following exporters - Cote d'Ivoire (X kg), Nigeria (X kg) and Ghana (X kg) - together made up X% of total exports.

From 2012 to 2021, the biggest increases were in Cote d'Ivoire (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Gambia ($X) remains the largest preserved cows meat supplier in Western Africa, comprising X% of total exports. The second position in the ranking was occupied by Senegal ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Gambia totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+X% per year) and Togo (-X% per year).

Export Prices by Country

The preserved cows meat export price in Western Africa stood at $X per tonne in 2021, with an increase of X% against the previous year. Overall, the export price posted a remarkable increase. The growth pace was the most rapid in 2019 an increase of X% y-o-y. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Gambia ($X per tonne), while Togo ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+X%), while the other leaders experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports in Western Africa

In 2021, preserved cows meat imports in Western Africa skyrocketed to X tonnes, increasing by X% on the year before. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved cows meat imports soared to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ghana (X tonnes) and Nigeria (X tonnes) represented the largest importers of prepared or preserved meat or offal of bovine animals in 2021, resulting at near X% and X% of total imports, respectively. Guinea (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by Gambia (X%) and Cote d'Ivoire (X%). The following importers - Togo (X tonnes) and Sierra Leone (X tonnes) - together made up X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nigeria (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Guinea ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

Nigeria, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the preserved cows meat import price in Western Africa amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2020 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Sierra Leone ($X per tonne), while Togo ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform