ECOWAS: Maltodextrine Market 2024

Maltodextrine Market Size in ECOWAS

In 2023, the ECOWAS maltodextrine market decreased by X% to $X, falling for the third year in a row after five years of growth. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Maltodextrine Production in ECOWAS

In value terms, maltodextrine production totaled $X in 2023 estimated in export price. Over the period under review, production recorded strong growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Maltodextrine Exports

Exports in ECOWAS

In 2023, overseas shipments of maltodextrine and maltodextine syrup decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2022, and then contracted significantly in the following year.

In value terms, maltodextrine exports fell significantly to $X in 2023. In general, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then declined sharply in the following year.

Exports by Country

Senegal was the major exporter of maltodextrine and maltodextine syrup in ECOWAS, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Nigeria (X tons) and Cote d'Ivoire (X tons), together creating a X% share of total exports. Cabo Verde (X tons) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to maltodextrine exports from Senegal stood at X%. At the same time, Cabo Verde (X%), Nigeria (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Senegal, Nigeria, Cote d'Ivoire and Cabo Verde increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Senegal amounted to X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, approximately equating the previous year. In general, the export price, however, saw a drastic downturn. The growth pace was the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cabo Verde ($X per ton), while Nigeria ($X per ton) 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 export price figures.

Maltodextrine Imports

Imports in ECOWAS

In 2023, purchases abroad of maltodextrine and maltodextine syrup decreased by X% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, maltodextrine imports shrank to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria (X tons) and Senegal (X tons) represented roughly X% of total imports in 2023. Cote d'Ivoire (X tons) took the next position in the ranking, followed by Ghana (X tons). All these countries together held approx. X% share of total imports. The following importers - Burkina Faso (X tons) and Mali (X tons) - each reached a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Mali (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported maltodextrine and maltodextine syrup in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, maltodextrine imports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per ton), while Senegal ($X per ton) 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