Western Africa: Vinegar Market 2024

Vinegar Market Size in Western Africa

The West African vinegar market fell to $X in 2023, remaining stable against the previous year. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Vinegar Production in Western Africa

In value terms, vinegar production shrank modestly to $X in 2023 estimated in export price. The total production indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Vinegar Exports

Exports in Western Africa

In 2023, shipments abroad of vinegar decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2022, and then contracted in the following year.

In value terms, vinegar exports rose modestly to $X in 2023. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Senegal dominates exports structure, reaching X tons, which was near X% of total exports in 2023. Benin (X tons) took a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to vinegar exports from Senegal stood at X%. At the same time, Benin (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. While the share of Senegal (X p.p.) and Benin (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Senegal totaled X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, growing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Benin totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Vinegar Imports

Imports in Western Africa

Vinegar imports surged to X tons in 2023, rising by X% against the year before. Overall, imports saw a remarkable increase. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, vinegar imports soared to $X in 2023. Over the period under review, imports enjoyed a strong expansion. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Senegal (X tons) was the major importer of vinegar, mixing up X% of total imports. Guinea-Bissau (X tons) ranks second in terms of the total imports with a X% share, followed by Gambia (X%), Nigeria (X%), Cabo Verde (X%) and Mauritania (X%). Ghana (X tons) took a minor share of total imports.

Imports into Senegal increased at an average annual rate of X% from 2012 to 2023. At the same time, Mauritania (X%), Gambia (X%), Nigeria (X%), Ghana (X%), Guinea-Bissau (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. While the share of Gambia (X p.p.) and Mauritania (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Guinea-Bissau (X p.p.), Cabo Verde (X p.p.) and Senegal (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported vinegar in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Guinea-Bissau ($X), with a X% share of total imports. It was followed by Nigeria, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Senegal totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Guinea-Bissau (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the 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 ($X per ton), while Guinea-Bissau ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Gambia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform