Western Africa: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Western Africa

The West African sauce and seasoning market reached $X in 2023, picking up by X% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Sauce And Seasoning Production in Western Africa

In value terms, sauce and seasoning production rose to $X in 2023 estimated in export price. The total production indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Sauce And Seasoning Exports

Exports in Western Africa

Sauce and seasoning exports soared to X tons in 2023, jumping by X% against the previous year's figure. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, sauce and seasoning exports soared to $X in 2023. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to see steady growth in the near future.

Exports by Country

Ghana was the major exporting country with an export of around X tons, which accounted for X% of total exports. Senegal (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Cote d'Ivoire (X%) and Nigeria (X%). Togo (X tons) held a minor share of total exports.

Ghana was also the fastest-growing in terms of the sauces and seasonings exports, with a CAGR of X% from 2012 to 2023. At the same time, Togo (X%), Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana, Cote d'Ivoire and Togo 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, Ghana ($X) emerged as the largest sauce and seasoning supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Ghana totaled X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Togo ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports in Western Africa

In 2023, after two years of growth, there was significant decline in overseas purchases of sauces and seasonings, when their volume decreased by X% to X tons. In general, imports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, sauce and seasoning imports shrank to $X in 2023. Overall, imports, however, saw a measured increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Guinea (X tons), distantly followed by Liberia (X tons), Senegal (X tons), Sierra Leone (X tons), Nigeria (X tons), Ghana (X tons), Burkina Faso (X tons), Mali (X tons) and Gambia (X tons) represented the largest importers of sauces and seasonings, together constituting X% of total imports. The following importers - Togo (X tons) and Cote d'Ivoire (X tons) - each accounted for a X% share of total imports.

From 2012 to 2023, 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, Guinea ($X), Nigeria ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Liberia, Sierra Leone, Ghana, Mali, Gambia, Cote d'Ivoire, Burkina Faso and Togo lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, saw 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 2023, the import price in Western Africa amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, 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