Western Africa: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Western Africa

The West African market for spirits, liqueurs and other spirituous beverages rose to $X in 2022, growing by X% against the previous year. Over the period under review, consumption enjoyed strong growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Western Africa

In value terms, production of spirits, liqueurs and other spirituous beverages reached $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports in Western Africa

In 2022, after four years of growth, there was significant decline in shipments abroad of spirits, liqueurs and other spirituous beverages, when their volume decreased by X% to X litres. In general, exports, however, continue to indicate a perceptible increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X litres in 2021, and then shrank rapidly in the following year.

In value terms, exports of spirits, liqueurs and other spirituous beverages declined sharply to $X in 2022. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana represented the major exporting country with an export of about X litres, which reached X% of total exports. Cote d'Ivoire (X litres) ranks second in terms of the total exports with a X% share, followed by Togo (X%). Nigeria (X litres) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to spirits, liqueurs and other spirituous beverages exports from Ghana stood at X%. At the same time, Nigeria (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Togo (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Cote d'Ivoire (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Togo (X p.p.) displayed negative dynamics.

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

In Ghana, exports of spirits, liqueurs and other spirituous beverages contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per litre in 2022, leveling off at the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per litre in 2013; however, from 2014 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 Cote d'Ivoire ($X per litre), while Ghana ($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 a decline in the export price figures.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports in Western Africa

In 2022, purchases abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres, falling for the second consecutive year after five years of growth. In general, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X litres in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of spirits, liqueurs and other spirituous beverages declined remarkably to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Togo represented the largest importer of spirits, liqueurs and other spirituous beverages in Western Africa, with the volume of imports resulting at X litres, which was approx. X% of total imports in 2022. It was distantly followed by Mali (X litres), Cote d'Ivoire (X litres), Burkina Faso (X litres), Ghana (X litres) and Nigeria (X litres), together comprising a X% share of total imports. Liberia (X litres) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to spirits, liqueurs and other spirituous beverages imports into Togo stood at X%. At the same time, Liberia (X%), Mali (X%), Cote d'Ivoire (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Togo (X p.p.), Mali (X p.p.), Cote d'Ivoire (X p.p.) and Liberia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mali ($X), Ghana ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Mali, 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 litre in 2022, declining by X% against the previous year. Overall, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per litre. From 2015 to 2022, the import prices failed to regain momentum.

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 ($X per litre), while Togo ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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