Western Africa: Roasted Coffee Market 2024

Roasted Coffee Market Size in Western Africa

The West African roasted coffee market rose slightly to $X in 2022, with an increase of X% against the previous year. Overall, consumption saw a resilient increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Roasted Coffee Production in Western Africa

In value terms, roasted coffee production rose modestly to $X in 2022 estimated in export price. In general, production recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Roasted Coffee Exports

Exports in Western Africa

After five years of decline, overseas shipments of roasted coffee increased by X% to X tons in 2022. In general, exports, however, showed a abrupt contraction. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, roasted coffee exports surged to $X in 2022. Overall, exports, however, faced a abrupt slump. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso was the largest exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Guinea (X tons), mixing up an X% share of total exports. Senegal (X tons), Togo (X tons) and Ghana (X tons) followed a long way behind the leaders.

Burkina Faso was also the fastest-growing in terms of the roasted coffee exports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) and Ghana (X%) displayed positive paces of growth. By contrast, Guinea (X%) and Togo (X%) illustrated a downward trend over the same period. While the share of Burkina Faso (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Guinea (X p.p.) and Togo (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roasted coffee supplying countries in Western Africa were Guinea ($X), Burkina Faso ($X) and Senegal ($X), together accounting for X% of total exports.

Among the main exporting countries, Burkina Faso, with a CAGR of X%, recorded 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

The export price in Western Africa stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 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 ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Roasted Coffee Imports

Imports in Western Africa

In 2022, after two years of growth, there was significant decline in supplies from abroad of roasted coffee, when their volume decreased by X% to X tons. Total imports indicated a strong increase from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, roasted coffee imports reduced dramatically to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

Senegal (X tons) and Burkina Faso (X tons) represented roughly X% of total imports in 2022. Cote d'Ivoire (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%) and Mali (X%). The following importers - Ghana (X tons) and Cabo Verde (X tons) - each finished at an X% share of total imports.

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

In value terms, the largest roasted coffee importing markets in Western Africa were Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total imports.

Ghana, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in Western Africa amounted to $X per ton, reducing by X% against the previous year. Import price indicated perceptible growth 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. Based on 2022 figures, roasted coffee import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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