Western Africa: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Western Africa

In 2022, the West African tapioca and substitutes market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tapioca And Substitutes Production in Western Africa

In value terms, tapioca and substitutes 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; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tapioca And Substitutes Exports

Exports in Western Africa

In 2022, shipments abroad of tapioca and substitutes decreased by X% to X tons, falling for the second consecutive year after six years of growth. In general, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, tapioca and substitutes exports shrank remarkably to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Cote d'Ivoire dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tapioca and substitutes exports from Cote d'Ivoire stood at X%. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Cote d'Ivoire, tapioca and substitutes exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Cote d'Ivoire totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Tapioca And Substitutes Imports

Imports in Western Africa

In 2022, imports of tapioca and substitutes in Western Africa soared to X tons, increasing by X% on 2021 figures. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, tapioca and substitutes imports skyrocketed to $X in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. Ghana (X tons), Senegal (X tons), Togo (X tons), Sierra Leone (X tons) and Guinea (X tons) took a little share of total imports.

Nigeria was also the fastest-growing in terms of the tapioca and substitutes imports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%), Togo (X%), Sierra Leone (X%) and Guinea (X%) displayed positive paces of growth. By contrast, Senegal (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana, Togo, Sierra Leone, Guinea and Senegal saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported tapioca and substitutes in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Togo, with a X% share.

In Nigeria, tapioca and substitutes imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Togo (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated buoyant 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, tapioca and substitutes import price increased by X% against 2020 indices. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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