Western Africa - Grape Must - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Grape Must Market 2024
Grape Must Market Size in Western Africa
The West African grape must market surged to $X in 2023, rising by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.
Grape Must Production in Western Africa
In value terms, grape must production soared to $X in 2023 estimated in export price. Overall, production enjoyed temperate growth. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.
Grape Must Exports
Exports in Western Africa
Grape must exports declined rapidly to X litres in 2023, which is down by X% on 2022 figures. Over the period under review, exports recorded a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X litres in 2012; however, from 2013 to 2023, the exports remained at a lower figure.
In value terms, grape must exports dropped significantly to $X in 2023. In general, exports faced a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.
Exports by Country
Nigeria was the main exporting country with an export of about X litres, which reached X% of total exports. Ghana (X litres) took the second position in the ranking, distantly followed by Cote d'Ivoire (X litres). All these countries together took near X% share of total exports. Senegal (X litres) followed a long way behind the leaders.
Nigeria was also the fastest-growing in terms of the grape must exports, with a CAGR of X% from 2012 to 2023. At the same time, Senegal (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Cote d'Ivoire and Senegal increased by X, X and X percentage points, respectively.
In value terms, the largest grape must supplying countries in Western Africa were Nigeria ($X), Senegal ($X) and Cote d'Ivoire ($X), together accounting for X% of total exports.
In terms of the main exporting countries, Nigeria, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.
Export Prices by Country
In 2023, the export price in Western Africa amounted to $X per litre, increasing by X% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per litre in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Senegal ($X per litre), while Ghana ($X per litre) 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 a decline in the export price figures.
Grape Must Imports
Imports in Western Africa
In 2023, imports of grape must in Western Africa stood at X litres, growing by X% compared with 2022 figures. Overall, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of import peaked at X litres in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.
In value terms, grape must imports shrank modestly to $X in 2023. Over the period under review, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.
Imports by Country
Nigeria represented the main importer of grape must in Western Africa, with the volume of imports finishing at X litres, which was approx. X% of total imports in 2023. Burkina Faso (X litres) held the second position in the ranking, distantly followed by Cabo Verde (X litres). All these countries together held approx. X% share of total imports.
Nigeria was also the fastest-growing in terms of the grape must imports, with a CAGR of X% from 2012 to 2023. At the same time, Burkina Faso (X%) displayed positive paces of growth. By contrast, Cabo Verde (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Cabo Verde (X p.p.) displayed negative dynamics.
In value terms, Nigeria ($X) constitutes the largest market for imported grape must in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total imports.
From 2012 to 2023, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Cabo Verde (X% per year).
Import Prices by Country
In 2023, the import price in Western Africa amounted to $X per litre, which is down by X% against the previous year. Over the period under review, the import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per litre in 2022, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per litre), while Burkina Faso ($X per litre) 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 a decline in the import price figures.
Source: IndexBox Platform
This report provides an in-depth analysis of the grape must market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11021250 - Grape must (excluding alcohol duty)
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Western Africa, split by region and country
- Trade (exports and imports) in Western Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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