ECOWAS: Frozen Poultry Liver Market 2024

Frozen Poultry Liver Market Size in ECOWAS

In 2023, the ECOWAS frozen poultry liver market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a noticeable expansion 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Frozen Poultry Liver Production in ECOWAS

In value terms, frozen poultry liver production reduced dramatically to $X in 2023 estimated in export price. Overall, production, however, recorded significant growth. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Frozen Poultry Liver Exports

Exports in ECOWAS

Frozen poultry liver exports shrank rapidly to X tons in 2023, with a decrease of X% against 2022. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, frozen poultry liver exports rose markedly to $X in 2023. Overall, exports showed a deep setback. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Liberia represented the key exporter of frozen poultry livers and offal in ECOWAS, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. Benin (X tons) held the second position in the ranking, distantly followed by Nigeria (X tons). All these countries together took approx. X% share of total exports. The following exporters - Ghana (X tons) and Burkina Faso (X tons) - together made up X% of total exports.

Liberia experienced a relatively flat trend pattern with regard to volume of exports of frozen poultry livers and offal. At the same time, Nigeria (X%) and Benin (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. Burkina Faso experienced a relatively flat trend pattern. By contrast, Ghana (X%) illustrated a downward trend over the same period. Liberia (X p.p.), Benin (X p.p.), Nigeria (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Liberia ($X), Benin ($X) and Burkina Faso ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Benin, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Poultry Liver Imports

Imports in ECOWAS

In 2023, after two years of growth, there was decline in purchases abroad of frozen poultry livers and offal, when their volume decreased by X% to X tons. Total imports indicated a tangible expansion from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then fell slightly in the following year.

In value terms, frozen poultry liver imports dropped to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then fell in the following year.

Imports by Country

Ghana represented the main importing country with an import of about X tons, which accounted for X% of total imports. Benin (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Liberia (X%), Guinea (X%), Gambia (X%) and Sierra Leone (X%). Togo (X tons) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen poultry liver imports into Ghana stood at X%. At the same time, Guinea (X%), Togo (X%), Gambia (X%), Liberia (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Benin (X%) illustrated a downward trend over the same period. Guinea (X p.p.), Gambia (X p.p.), Liberia (X p.p.) and Togo (X p.p.) significantly strengthened its position in terms of the total imports, while Benin saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen poultry liver importing markets in ECOWAS were Ghana ($X), Benin ($X) and Guinea ($X), with a combined X% share of total imports. Liberia, Gambia, Sierra Leone and Togo lagged somewhat behind, together accounting for a further X%.

Togo, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2023, the import price in ECOWAS amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price saw a pronounced contraction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Gambia ($X per ton) and Guinea ($X per ton), while Togo ($X per ton) and Ghana ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Liberia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform