ECOWAS: Sausage Market 2024

Sausage Market Size in ECOWAS

The ECOWAS sausage market was estimated at $X in 2022, remaining constant against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sausage Production in ECOWAS

In value terms, sausage production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sausage Exports

Exports in ECOWAS

Sausage exports dropped notably to X tons in 2022, falling by X% on the year before. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sausage exports contracted to $X in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Nigeria (X tons) represented the key exporter of sausages and similar products of meat, creating X% of total exports. Senegal (X tons) ranks second in terms of the total exports with a X% share, followed by Ghana (X%) and Togo (X%). Cote d'Ivoire (X tons) and Sierra Leone (X tons) followed a long way behind the leaders.

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

In value terms, the largest sausage supplying countries in ECOWAS were Nigeria ($X), Senegal ($X) and Ghana ($X), together comprising X% of total exports.

In terms of the main exporting countries, Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, growing by X% against the previous year. Overall, the export price showed mild growth. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Sierra Leone ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Sausage Imports

Imports in ECOWAS

In 2022, supplies from abroad of sausages and similar products of meat decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, sausage imports fell slightly to $X in 2022. Over the period under review, imports, however, saw pronounced growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Ghana (X tons), distantly followed by Sierra Leone (X tons), Liberia (X tons), Benin (X tons), Togo (X tons), Cabo Verde (X tons), Nigeria (X tons) and Senegal (X tons) were the largest importers of sausages and similar products of meat, together mixing up X% of total imports.

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

In value terms, Ghana ($X), Sierra Leone ($X) and Cabo Verde ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Liberia, Benin, Nigeria, Senegal and Togo lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a noticeable reduction. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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