ECOWAS: Orange Market 2024

Orange Market Size in ECOWAS

The ECOWAS orange market was estimated at $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, showed a slight reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Orange Production in ECOWAS

In value terms, orange production rose rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The country with the largest volume of orange production was Ghana (X tons), accounting for X% of total volume. Moreover, orange production in Ghana exceeded the figures recorded by the second-largest producer, Mali (X tons), twofold. The third position in this ranking was held by Guinea (X tons), with a X% share.

In Ghana, orange production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mali (X% per year) and Guinea (X% per year).

The average orange yield was estimated at X tons per ha in 2022, picking up by X% compared with 2021 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. Over the period under review, the orange yield hit record highs at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. 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 oranges were harvested in ECOWAS; remaining constant against the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Orange Exports

Exports in ECOWAS

After two years of growth, overseas shipments of oranges decreased by X% to X tons in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, orange exports fell rapidly to $X in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted notably in the following year.

Exports by Country

Ghana was the major exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to orange exports from Ghana stood at X%. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at X%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2014 a decrease of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Ghana ($X per ton), while Cote d'Ivoire totaled $X per ton.

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

Orange Imports

Imports in ECOWAS

In 2022, orange imports in ECOWAS soared to X tons, surging by X% against the year before. Overall, imports recorded strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, orange imports contracted to $X in 2022. Over the period under review, imports showed resilient growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Cote d'Ivoire represented the largest importer of oranges in ECOWAS, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Burkina Faso (X tons), Senegal (X tons) and Cabo Verde (X tons), together constituting a X% share of total imports. Niger (X tons) and Mali (X tons) followed a long way behind the leaders.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Cabo Verde (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 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 Cabo Verde ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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