ECOWAS: Date Market 2024

Date Market Size in ECOWAS

The ECOWAS date market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption enjoyed resilient growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Date Production in ECOWAS

In value terms, date production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Niger (X tons) remains the largest date producing country in ECOWAS, accounting for X% of total volume. Moreover, date production in Niger exceeded the figures recorded by the second-largest producer, Benin (X tons), more than tenfold.

In Niger, date production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Benin (X% per year) and Mali (X% per year).

The average date yield stood at X tons per ha in 2022, approximately mirroring 2021. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the yield increased by X% against the previous year. Over the period under review, the date yield attained the peak level at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of dates were harvested in ECOWAS; almost unchanged from the previous year. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the date harvested area remained at a lower figure.

Date Exports

Exports in ECOWAS

In 2022, approx. X tons of dates were exported in ECOWAS; with an increase of X% on 2021. Over the period under review, exports, however, recorded a deep slump. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, date exports soared to $X in 2022. Overall, exports, however, recorded a perceptible curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Niger dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Togo (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to date exports from Niger stood at X%. Togo experienced a relatively flat trend pattern. Togo (X p.p.) significantly strengthened its position in terms of the total exports, while Niger saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Niger ($X) remains the largest date supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with a X% share of total exports.

In Niger, date exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 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 Togo ($X per ton), while Niger stood at $X per ton.

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

Date Imports

Imports in ECOWAS

In 2022, imports of dates in ECOWAS skyrocketed to X tons, increasing by X% on the year before. In general, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, date imports skyrocketed to $X in 2022. Over the period under review, imports recorded resilient growth. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Niger prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Senegal (X tons) and Nigeria (X tons), together creating a X% share of total imports. Cote d'Ivoire (X tons) followed a long way behind the leaders.

Imports into Niger increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Cote d'Ivoire (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Niger (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest date importing markets in ECOWAS were Nigeria ($X), Niger ($X) and Senegal ($X), with a combined X% share of total imports.

Niger, 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

In 2022, the import price in ECOWAS amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Nigeria ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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