ECOWAS: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in ECOWAS

In 2022, the ECOWAS concentrated apple juice market decreased by X% to $X, falling for the second year in a row after four years of growth. In general, consumption continues to indicate a deep reduction. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Concentrated Apple Juice Production in ECOWAS

In value terms, concentrated apple juice production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Concentrated Apple Juice Exports

Exports in ECOWAS

Concentrated apple juice exports shrank notably to X tons in 2022, which is down by X% on 2021. In general, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, concentrated apple juice exports shrank notably to $X in 2022. Over the period under review, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Ghana (X tons), Togo (X tons) and Sierra Leone (X tons) was the major exporter of concentrated apple juice in ECOWAS, constituting X% of total export. It was distantly followed by Nigeria (X tons), constituting a X% share of total exports. Benin (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sierra Leone (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) emerged as the largest concentrated apple juice supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana totaled X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 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 Benin ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced a decline in the export price figures.

Concentrated Apple Juice Imports

Imports in ECOWAS

In 2022, supplies from abroad of concentrated apple juice decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, concentrated apple juice imports declined rapidly to $X in 2022. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the largest importing country with an import of about X tons, which amounted to X% of total imports. Cote d'Ivoire (X tons) took the second position in the ranking, followed by Benin (X tons), Guinea (X tons), Cabo Verde (X tons) and Ghana (X tons). All these countries together took near X% share of total imports. Liberia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to concentrated apple juice imports into Nigeria stood at X%. At the same time, Benin (X%), Guinea (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%), Cabo Verde (X%) and Ghana (X%) illustrated a downward trend over the same period. Benin (X p.p.), Nigeria (X p.p.), Guinea (X p.p.), Cote d'Ivoire (X p.p.) and Liberia (X p.p.) significantly strengthened its position in terms of the total imports, while Cabo Verde and Ghana saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported concentrated apple juice in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an X% share of total imports. It was followed by Guinea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price, however, enjoyed moderate growth. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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