ECOWAS: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in ECOWAS

The ECOWAS preserved swine meat market stood at $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Preserved Swine Meat Production in ECOWAS

In value terms, preserved swine meat production rose rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Preserved Swine Meat Exports

Exports in ECOWAS

In 2023, preserved swine meat exports in ECOWAS reduced slightly to X tons, declining by X% on the previous year's figure. In general, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, preserved swine meat exports stood at $X in 2023. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Senegal was the main exporting country with an export of about X tons, which amounted to X% of total exports. Guinea (X kg) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%).

From 2012 to 2023, the biggest increases were recorded for Guinea (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Senegal ($X), Guinea ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of exports in 2023.

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

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, growing by X% against the previous year. Export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, preserved swine meat export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Preserved Swine Meat Imports

Imports in ECOWAS

Preserved swine meat imports expanded remarkably to X tons in 2023, with an increase of X% compared with 2022 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, preserved swine meat imports expanded slightly to $X in 2023. Total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in years to come.

Imports by Country

In 2023, Cabo Verde (X tons) and Ghana (X tons) were the key importers of prepared or preserved hams and cuts of swine meat in ECOWAS, together committing X% of total imports. Benin (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%) and Senegal (X%). The following importers - Mali (X tons) and Burkina Faso (X tons) - each accounted for a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved swine meat importing markets in ECOWAS were Cote d'Ivoire ($X), Cabo Verde ($X) and Benin ($X), together comprising X% of total imports. Mali, Ghana, Senegal and Burkina Faso lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Mali, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per ton in 2022, and then shrank modestly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform