ECOWAS: Meat Dishes Market 2024

Meat Dishes Market Size in ECOWAS

The ECOWAS meat dishes market declined slightly to $X in 2023, therefore, remained relatively stable against the previous year. The total consumption indicated a tangible increase 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 2021 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Meat Dishes Production in ECOWAS

In value terms, meat dishes production reduced modestly to $X in 2023 estimated in export price. The total production indicated a pronounced increase 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Meat Dishes Exports

Exports in ECOWAS

In 2023, after four years of decline, there was significant growth in overseas shipments of meat dishes, when their volume increased by X% to X tons. Overall, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, meat dishes exports soared to $X in 2023. Over the period under review, exports, however, saw a pronounced curtailment. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Senegal (X tons) and Liberia (X tons) were the main exporters of meat dishes in ECOWAS, together resulting at near X% of total exports. Nigeria (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Gambia (X%), Togo (X%) and Sierra Leone (X%). Guinea (X tons) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest meat dishes supplying countries in ECOWAS were Senegal ($X), Gambia ($X) and Togo ($X), with a combined X% share of total exports. Nigeria, Liberia, Sierra Leone and Guinea lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2023: its price 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Togo ($X per ton), while Guinea ($X per ton) was amongst the lowest.

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

Meat Dishes Imports

Imports in ECOWAS

In 2023, after two years of growth, there was significant decline in supplies from abroad of meat dishes, when their volume decreased by X% to X tons. Total imports indicated a measured increase from 2012 to 2023: its volume 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. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2022, and then reduced in the following year.

In value terms, meat dishes imports dropped to $X in 2023. Total imports indicated a pronounced increase 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then declined in the following year.

Imports by Country

Ghana (X tons), Gambia (X tons), Senegal (X tons), Liberia (X tons), Sierra Leone (X tons), Togo (X tons), Cabo Verde (X tons), Benin (X tons), Guinea (X tons), Nigeria (X tons), Cote d'Ivoire (X tons) and Mali (X tons) represented roughly X% of total imports in 2023.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Senegal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat dishes importing markets in ECOWAS were Gambia ($X), Senegal ($X) and Cabo Verde ($X), together accounting for X% of total imports. Ghana, Sierra Leone, Liberia, Cote d'Ivoire, Guinea, Benin, Mali, Togo and Nigeria lagged somewhat behind, together comprising a further X%.

Togo, with a CAGR of X%, recorded the highest growth rate of 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 ECOWAS stood at $X per ton in 2023, approximately reflecting the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform