ECOWAS: Shelled Walnut Market 2024

Shelled Walnut Market Size in ECOWAS

After four years of growth, the ECOWAS shelled walnut market decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded a tangible increase. Over the period under review, the market hit record highs at $X in 2021, and then reduced slightly in the following year.

Shelled Walnut Production in ECOWAS

In value terms, shelled walnut production expanded to $X in 2022 estimated in export price. Over the period under review, production posted temperate growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Shelled Walnut Exports

Exports in ECOWAS

In 2022, the amount of shelled walnuts exported in ECOWAS totaled X kg, stabilizing at the year before. The total export volume 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 being observed in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X kg in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, shelled walnut exports reached $X in 2022. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Ghana represented the key exporter of shelled walnuts in ECOWAS, with the volume of exports accounting for X kg, which was approx. X% of total exports in 2022. It was distantly followed by Senegal (X kg), constituting a X% share of total exports. The following exporters - Niger (X kg), Nigeria (X kg) and Mali (X kg) - together made up X% of total exports.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%), Niger (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Mali (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Senegal, Niger and Nigeria increased by X, X, X and X percentage points, respectively.

In value terms, Ghana ($X) remains the largest shelled walnut supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Niger, with a X% share.

In Ghana, shelled walnut exports 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: Senegal (X% per year) and Niger (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

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

Shelled Walnut Imports

Imports in ECOWAS

After four years of growth, overseas purchases of shelled walnuts decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, shelled walnut imports reduced slightly to $X in 2022. In general, imports, however, showed a resilient increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

Cabo Verde represented the main importer of shelled walnuts in ECOWAS, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Ghana (X tons) took the second position in the ranking, distantly followed by Nigeria (X tons), Cote d'Ivoire (X tons) and Benin (X tons). All these countries together held approx. X% share of total imports. Senegal (X kg) followed a long way behind the leaders.

Imports into Cabo Verde increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Nigeria (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Senegal experienced a relatively flat trend pattern. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Benin (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Ghana saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Cabo Verde, shelled walnut imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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