ECOWAS: Poultry Market 2024

Poultry Market Size in ECOWAS

The ECOWAS poultry market dropped to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, saw a tangible expansion. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Poultry Production in ECOWAS

In value terms, poultry production declined modestly to $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 most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Burkina Faso (X tons) and Senegal (X tons), together accounting for X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Senegal (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average poultry yield declined to X kg per X heads in 2022, flattening at the previous year's figure. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the poultry yield hit record highs at X kg per head in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure.

In 2022, the number of animals slaughtered for poultry production in ECOWAS reduced slightly to X heads, almost unchanged from the previous year's figure. This number 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 2016 when the number of producing animals increased by X%. Over the period under review, this number reached the peak level at X heads in 2021, and then reduced in the following year.

Poultry Exports

Exports in ECOWAS

In 2022, shipments abroad of poultry decreased by X% to X tons, falling for the fourth year in a row after five years of growth. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, poultry exports shrank markedly to $X in 2022. In general, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Liberia (X tons) and Ghana (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Togo (X tons) and Guinea (X tons), together comprising a X% share of total exports. The following exporters - Cote d'Ivoire (X tons), Senegal (X tons) and Benin (X tons) - together made up X% of total exports.

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

In value terms, the largest poultry supplying countries in ECOWAS were Ghana ($X), Liberia ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports. Togo, Benin, Senegal and Guinea lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Senegal, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then reduced rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Benin ($X per ton), while Guinea ($X per ton) was amongst the lowest.

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

Poultry Imports

Imports in ECOWAS

After five years of growth, supplies from abroad of poultry decreased by X% to X tons in 2022. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted slightly in the following year.

In value terms, poultry imports shrank to $X in 2022. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Ghana represented the key importer of poultry in ECOWAS, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Benin (X tons) ranks second in terms of the total imports with a X% share, followed by Guinea (X%), Liberia (X%) and Sierra Leone (X%). The following importers - Gambia (X tons) and Togo (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to poultry imports into Ghana stood at X%. At the same time, Guinea (X%), Gambia (X%), Liberia (X%), Sierra Leone (X%) and Togo (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. By contrast, Benin (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Guinea, Liberia and Gambia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported poultry in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Benin ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Benin (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Ghana ($X per ton) and Guinea ($X per ton), while Togo ($X per ton) and Liberia ($X per ton) were 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 a decline in the import price figures.

Source: IndexBox Platform

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