Western Africa: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Western Africa

After four years of growth, the West African spirits and liqueurs market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in Western Africa

In value terms, spirits and liqueurs production rose modestly 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; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Spirits And Liqueurs Exports

Exports in Western Africa

In 2022, spirits and liqueurs exports in Western Africa reduced dramatically to X litres, dropping by X% on the previous year's figure. In general, exports showed a mild curtailment. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X litres in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, spirits and liqueurs exports declined remarkably to $X in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X litres) and Cote d'Ivoire (X litres) dominates exports structure, together creating X% of total exports. It was distantly followed by Togo (X litres), constituting a X% share of total exports. Burkina Faso (X litres), Cabo Verde (X litres) and Nigeria (X litres) held a minor share of total exports.

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

In value terms, Cote d'Ivoire ($X) remains the largest spirits and liqueurs supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with an X% share of total exports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per litre, approximately equating the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Burkina Faso ($X per litre), while Togo ($X per litre) was amongst the lowest.

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

Spirits And Liqueurs Imports

Imports in Western Africa

In 2022, supplies from abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X litres in 2021, and then reduced in the following year.

In value terms, spirits and liqueurs imports fell to $X in 2022. Total imports indicated resilient growth 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, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

The purchases of the three major importers of spirits, liqueurs and other spirituous beverages, namely Togo, Nigeria and Ghana, represented more than half of total import. It was distantly followed by Mali (X litres), Cote d'Ivoire (X litres) and Burkina Faso (X litres), together comprising a X% share of total imports. Guinea (X litres) took a relatively small 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 spirits and liqueurs importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X), together comprising X% of total imports. Mali, Togo, Guinea and Burkina Faso lagged somewhat behind, together comprising 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, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per litre in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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