Western Africa: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Western Africa

The West African sheep and goat meat market expanded modestly to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Western Africa

In value terms, sheep and goat meat production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The country with the largest volume of sheep and goat meat production was Nigeria (X tons), accounting for X% of total volume. Moreover, sheep and goat meat production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), fivefold. Senegal (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Nigeria totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Burkina Faso (X% per year) and Senegal (X% per year).

The average sheep and goat meat yield stood at X kg per head in 2022, standing approx. at the previous year. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. The level of yield peaked at X kg per head in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for sheep and goat meat production in Western Africa; approximately reflecting the year before. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, this number hit record highs at X heads in 2021, and then declined in the following year.

Exports of Sheep And Goat Meat

Exports in Western Africa

In 2022, overseas shipments of sheep and goat meat decreased by X% to X tons, falling for the fifth year in a row after two years of growth. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, sheep and goat meat exports contracted notably to $X in 2022. In general, exports faced a deep slump. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal represented the largest exporter of sheep and goat meat in Western Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Cote d'Ivoire (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Mali (X%).

From 2012 to 2022, average annual rates of growth with regard to sheep and goat meat exports from Senegal stood at X%. Mali (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Mali and Cote d'Ivoire increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest sheep and goat meat supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal stood at X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Mali (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. In general, the export price posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Mali ($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 a decline in the export price figures.

Imports of Sheep And Goat Meat

Imports in Western Africa

In 2022, sheep and goat meat imports in Western Africa stood at X tons, remaining constant against 2021. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sheep and goat meat imports rose significantly to $X in 2022. Overall, imports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana was the key importing country with an import of around X tons, which recorded X% of total imports. Senegal (X tons) ranks second in terms of the total imports with a X% share, followed by Mali (X%) and Saint Helena, Ascension and Tristan da Cunha (X%). Cote d'Ivoire (X tons), Liberia (X tons) and Mauritania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sheep and goat meat imports into Ghana stood at X%. At the same time, Saint Helena, Ascension and Tristan da Cunha (X%), Mauritania (X%), Senegal (X%) and Mali (X%) displayed positive paces of growth. Moreover, Saint Helena, Ascension and Tristan da Cunha emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Liberia (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Mali (X p.p.), Saint Helena, Ascension and Tristan da Cunha (X p.p.) and Mauritania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (X p.p.) and Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported sheep and goat meat in Western Africa, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

From 2012 to 2022, 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 Mali (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. Import price indicated a tangible increase 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, sheep and goat meat import price increased by X% against 2019 indices. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritania ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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