Western Africa: Vegetable Product Market 2024

Vegetable Product Market Size in Western Africa

The West African vegetable product market reached $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Vegetable Product Production in Western Africa

In value terms, vegetable product production expanded to $X in 2022 estimated in export price. The total production indicated a tangible 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 2020 indices. The pace of growth was the most pronounced 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.

The countries with the highest volumes of production in 2022 were Cote d'Ivoire (X tons), Nigeria (X tons) and Senegal (X tons), together accounting for X% of total production. Mali, Niger, Burkina Faso and Guinea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Niger (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average vegetable product yield in Western Africa declined to X tons per ha, remaining stable against 2021 figures. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by X%. Over the period under review, the vegetable product yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The vegetable product harvested area stood at X ha in 2022, remaining stable against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to vegetable product production attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Vegetable Product Exports

Exports in Western Africa

In 2022, after two years of growth, there was significant decline in overseas shipments of vegetable products, when their volume decreased by X% to X tons. In general, exports, however, saw a prominent increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced dramatically in the following year.

In value terms, vegetable product exports soared to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Nigeria (X tons) represented the key exporter of vegetable products, generating X% of total exports. It was distantly followed by Niger (X tons), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vegetable product exports from Nigeria stood at X%. At the same time, Niger (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Niger increased by X percentage points.

In value terms, Nigeria ($X) remains the largest vegetable product supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Niger stood at $X per ton.

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

Vegetable Product Imports

Imports in Western Africa

Vegetable product imports shrank significantly to X tons in 2022, waning by X% compared with the previous year's figure. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, vegetable product imports fell markedly to $X in 2022. Over the period under review, imports, however, posted a notable increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons) was the major importer of vegetable products, making up X% of total imports. Togo (X tons) held the second position in the ranking, followed by Cabo Verde (X tons), Senegal (X tons), Cote d'Ivoire (X tons) and Ghana (X tons). All these countries together took near X% share of total imports. Benin (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Cabo Verde (X%), Togo (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Senegal experienced a relatively flat trend pattern. By contrast, Benin (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Togo, Cabo Verde, Cote d'Ivoire, Senegal and Ghana increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Cote d'Ivoire, 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 ton in 2022, growing by X% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :