ECOWAS: Malt Market 2024

Malt Market Size in ECOWAS

The ECOWAS malt market totaled $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Malt Production in ECOWAS

In value terms, malt production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Malt Exports

Exports in ECOWAS

In 2022, malt exports in ECOWAS skyrocketed to X tons, with an increase of X% against 2021. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, malt exports soared to $X in 2022. Overall, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Liberia was the main exporting country with an export of around X tons, which accounted for X% of total exports. Togo (X tons) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%) and Nigeria (X%). Benin (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Liberia ($X) emerged as the largest malt supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Liberia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Togo (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 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 Liberia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Malt Imports

Imports in ECOWAS

After two years of growth, supplies from abroad of malt (not roasted) decreased by X% to X tons in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, malt imports fell to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Nigeria represented the main importing country with an import of about X tons, which amounted to X% of total imports. Burkina Faso (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%), Cote d'Ivoire (X%) and Togo (X%). The following importers - Benin (X tons) and Guinea (X tons) - each accounted for an X% share of total imports.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of malt (not roasted). At the same time, Guinea (X%), Burkina Faso (X%), Ghana (X%), Cote d'Ivoire (X%), Togo (X%) and Benin (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Burkina Faso, Ghana and Guinea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported malt (not roasted) in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

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

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, rising by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while Guinea ($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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :