Report Western Africa - Refined Olive Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Western Africa - Refined Olive Oil - Market Analysis, Forecast, Size, Trends and Insights
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Western Africa: Refined Olive Oil Market 2022

Refined Olive Oil Market Size in Western Africa

The West African refined olive oil market expanded notably to $X in 2021, picking up by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Refined Olive Oil Production in Western Africa

In value terms, refined olive oil production expanded significantly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Refined Olive Oil Exports

Exports in Western Africa

In 2021, after two years of growth, there was decline in shipments abroad of refined olive oil, when their volume decreased by -X% to X tons. In general, exports showed a deep contraction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, refined olive oil exports expanded markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Liberia (X tons) represented the major exporter of refined olive oil, mixing up X% of total exports. Sierra Leone (X tons) held the second position in the ranking, followed by Senegal (X tons), Ghana (X tons), Cabo Verde (X tons) and Cote d'Ivoire (X tons). All these countries together held near X% share of total exports. Nigeria (X kg) followed a long way behind the leaders.

Liberia was also the fastest-growing in terms of the refined olive oil exports, with a CAGR of +X% from 2012 to 2021. At the same time, Ghana (+X%), Senegal (+X%) and Sierra Leone (+X%) displayed positive paces of growth. Nigeria experienced a relatively flat trend pattern. By contrast, Cabo Verde (-X%) and Cote d'Ivoire (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Liberia, Sierra Leone, Ghana, Senegal, Cabo Verde and Nigeria increased by +X, +X, +X, +X, +X and +X percentage points, respectively. Cote d'Ivoire (-X p.p.) saw their shares reduced.

In value terms, the largest refined olive oil supplying countries in Western Africa were Liberia ($X), Cabo Verde ($X) and Sierra Leone ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Liberia, with a CAGR of +X%, saw the highest growth rate of 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

The export price in Western Africa stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Cabo Verde ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, 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.

Refined Olive Oil Imports

Imports in Western Africa

In 2021, supplies from abroad of refined olive oil increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a pronounced setback. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, refined olive oil imports totaled $X in 2021. In general, imports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Cote d'Ivoire was the main importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Cabo Verde (X tons) and Ghana (X tons), together generating a X% share of total imports. The following importers - Nigeria (X tons) and Liberia (X tons) - each reached a X% share of total imports.

From 2012 to 2021, the biggest increases were in Cabo Verde (with a CAGR of +X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Cote d'Ivoire ($X), Cabo Verde ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for X% of total imports.

Cabo Verde, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for refined olive oil in Western Africa?
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Nigeria remains the largest refined olive oil consuming country in Western Africa, comprising approx. 59% of total volume. Moreover, refined olive oil consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Niger, ninefold. Burkina Faso ranked third in terms of total consumption with a 5.5% share.
What are the largest producers of refined olive oil in Western Africa?
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Nigeria constituted the country with the largest volume of refined olive oil production, comprising approx. 61% of total volume. Moreover, refined olive oil production in Nigeria exceeded the figures recorded by the second-largest producer, Niger, ninefold. The third position in this ranking was held by Burkina Faso, with a 5.6% share.
What are the leading suppliers of refined olive oil in Western Africa?
+
In value terms, the largest refined olive oil supplying countries in Western Africa were Liberia, Cabo Verde and Sierra Leone, together comprising 63% of total exports.
What are the leading importers of refined olive oil in Western Africa?
+
In value terms, the largest refined olive oil importing markets in Western Africa were Cote d'Ivoire, Cabo Verde and Ghana, with a combined 90% share of total imports.
What is the average export price for refined olive oil in Western Africa?
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In 2021, the export price in Western Africa amounted to $2,138 per ton, growing by 15% against the previous year.
What is the average import price for refined olive oil in Western Africa?
+
In 2021, the import price in Western Africa amounted to $2,788 per ton, with an increase of 2.8% against the previous year.

This report provides an in-depth analysis of the refined olive oil market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
• Benin
• Burkina Faso
• Cabo Verde
• Cote d'Ivoire
• Gambia
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Western Africa, split by region and country
• Trade (exports and imports) in Western Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Niger
• Nigeria
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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