Western Africa: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Western Africa

In 2022, the West African wine of fresh grapes market increased by X% to $X, rising for the fourth consecutive year after three years of decline. The market 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 throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Western Africa

In value terms, wine of fresh grapes production reached $X in 2022 estimated in export price. The total production indicated a resilient 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 most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports in Western Africa

Wine of fresh grapes exports expanded modestly to X litres in 2022, increasing by X% against the previous year's figure. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, wine of fresh grapes exports shrank slightly to $X in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then dropped modestly in the following year.

Exports by Country

In 2022, Togo (X litres) was the largest exporter of wine of fresh grapes (except sparkling wine), achieving X% of total exports. It was distantly followed by Ghana (X litres), achieving a X% share of total exports.

Togo was also the fastest-growing in terms of the wine of fresh grapes (except sparkling wine) exports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. Togo (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Togo ($X) remains the largest wine of fresh grapes supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with an X% share of total exports.

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

Export Prices by Country

The export price in Western Africa stood at $X per litre in 2022, declining by X% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per litre in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per litre), while Ghana amounted to $X per litre.

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

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports in Western Africa

After three years of growth, purchases abroad of wine of fresh grapes (except sparkling wine) decreased by X% to X litres in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X litres, leveling off in the following year.

In value terms, wine of fresh grapes imports shrank to $X in 2022. Overall, imports showed a mild curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Cote d'Ivoire was the key importer of wine of fresh grapes (except sparkling wine) in Western Africa, with the volume of imports recording X litres, which was approx. X% of total imports in 2022. Togo (X litres) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Burkina Faso (X%), Ghana (X%) and Guinea-Bissau (X%). The following importers - Senegal (X litres), Cabo Verde (X litres) and Guinea (X litres) - together made up X% of total imports.

Imports into Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Guinea (X%), Burkina Faso (X%), Togo (X%), Guinea-Bissau (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) and Ghana (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Togo (X p.p.), Burkina Faso (X p.p.), Guinea-Bissau (X p.p.) and Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Ghana saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported wine of fresh grapes (except sparkling wine) in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Togo, with a X% share.

In Cote d'Ivoire, wine of fresh grapes imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Togo (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per litre in 2022, which is down by X% against the previous year. Over the period under review, the import price recorded a mild decrease. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per litre. From 2015 to 2022, the import prices remained at a 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 ($X per litre), while Burkina Faso ($X per litre) 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 mixed trends in the import price figures.

Source: IndexBox Platform