Western Africa: Turkey Meat Market 2024

Turkey Meat Market Size in Western Africa

In 2022, after four years of growth, there was significant decline in the West African turkey meat market, when its value decreased by X% to $X. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Turkey Meat Production in Western Africa

In value terms, turkey meat production surged to $X in 2022 estimated in export price. Overall, production recorded a modest expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of turkey meat production was Nigeria (X tons), accounting for X% of total volume. Moreover, turkey meat production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X kg), more than tenfold.

In Nigeria, turkey meat production expanded at an average annual rate of X% over the period from 2012-2022.

Turkey Meat Exports

Exports in Western Africa

In 2022, overseas shipments of turkey meat increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, turkey meat exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Liberia (X tons) and Togo (X tons) prevails in exports structure, together achieving X% of total exports. It was distantly followed by Nigeria (X tons), mixing up a X% share of total exports. Ghana (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Liberia ($X), Togo ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Nigeria, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 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 Ghana ($X per ton), while Liberia ($X per ton) 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.

Turkey Meat Imports

Imports in Western Africa

After three years of growth, purchases abroad of turkey meat decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, turkey meat imports dropped to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Benin was the main importing country with an import of around X tons, which accounted for X% of total imports. Ghana (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (X%) and Liberia (X%).

Imports into Benin decreased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%), Guinea (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Ghana, Guinea and Liberia increased by X, X and X percentage points, respectively.

In value terms, the largest turkey meat importing markets in Western Africa were Benin ($X), Ghana ($X) and Guinea ($X), with a combined X% share of total imports.

Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Western Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Ghana ($X per ton), while Benin ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :