ECOWAS: Chicken Egg Market 2024

Chicken Egg Market Size in ECOWAS

The ECOWAS chicken egg market reduced modestly to $X in 2022, remaining stable against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Chicken Egg Production in ECOWAS

In value terms, chicken egg production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of chicken egg production was Nigeria (X tons), accounting for X% of total volume. Moreover, chicken egg production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), ninefold. The third position in this ranking was taken by Cote d'Ivoire (X tons), with a X% share.

In Nigeria, chicken egg production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Cote d'Ivoire (X% per year).

Chicken Egg Exports

Exports in ECOWAS

In 2022, overseas shipments of chicken eggs decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, chicken egg exports shrank markedly to $X in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X tons) represented the key exporter of chicken eggs, creating X% of total exports. It was distantly followed by Senegal (X tons), creating a X% share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the chicken eggs exports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) displayed positive paces of growth. Senegal (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Senegal ($X) remains the largest chicken egg supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal totaled X%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price recorded a pronounced slump. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire amounted to $X per ton.

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

Chicken Egg Imports

Imports in ECOWAS

Chicken egg imports amounted to X tons in 2022, growing by X% compared with 2021 figures. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, chicken egg imports surged to $X in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 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

In 2022, Liberia (X tons), Gambia (X tons), Cote d'Ivoire (X tons), Senegal (X tons) and Sierra Leone (X tons) was the largest importer of chicken eggs in ECOWAS, generating X% of total import. Nigeria (X tons) and Guinea (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nigeria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In Cote d'Ivoire, chicken egg imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Gambia (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chicken egg import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Cote d'Ivoire ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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