Western Africa: Soft Drink Market 2024

Soft Drink Market Size in Western Africa

The West African soft drink market shrank slightly to $X in 2022, remaining constant against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Soft Drink Production in Western Africa

In value terms, soft drink production declined modestly to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Soft Drink Exports

Exports in Western Africa

In 2022, soft drink exports in Western Africa reduced markedly to X litres, which is down by X% against 2021. In general, exports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X litres in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, soft drink exports dropped to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Senegal (X litres), Ghana (X litres) and Togo (X litres) represented the key exporter of soft drinks in Western Africa, mixing up X% of total export. It was distantly followed by Nigeria (X litres), creating a X% share of total exports. Cote d'Ivoire (X litres) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Senegal ($X), Togo ($X) and Ghana ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Senegal, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per litre, rising by X% against the previous year. Overall, the export price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per litre in 2016; however, from 2017 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 Nigeria ($X per litre), while Ghana ($X per litre) was amongst the lowest.

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

Soft Drink Imports

Imports in Western Africa

In 2022, after five years of growth, there was significant decline in purchases abroad of soft drinks, when their volume decreased by X% to X litres. In general, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked at X litres in 2021, and then contracted in the following year.

In value terms, soft drink imports shrank to $X in 2022. Overall, imports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Ghana (X litres), Cote d'Ivoire (X litres), Senegal (X litres) and Mali (X litres) represented roughly X% of total imports in 2022. It was distantly followed by Burkina Faso (X litres) and Nigeria (X litres), together making up a X% share of total imports. Togo (X litres), Guinea-Bissau (X litres), Mauritania (X litres), Guinea (X litres), Gambia (X litres), Liberia (X litres) and Cabo Verde (X litres) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soft drink importing markets in Western Africa were Ghana ($X), Cote d'Ivoire ($X) and Senegal ($X), with a combined X% share of total imports. Nigeria, Mali, Burkina Faso, Guinea-Bissau, Mauritania, Liberia, Guinea, Gambia, Cabo Verde and Togo lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Mali, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per litre in 2022, reducing by X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per litre in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per litre), while Togo ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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