ECOWAS: Market for Vegetables (Preserved, Frozen) 2024

Market Size for Vegetables (Preserved, Frozen) in ECOWAS

For the fifth consecutive year, the ECOWAS preserved and frozen vegetable market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed resilient growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Production of Vegetables (Preserved, Frozen) in ECOWAS

In value terms, preserved and frozen vegetable production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Vegetables (Preserved, Frozen)

Exports in ECOWAS

In 2022, the amount of vegetables (preserved, frozen) exported in ECOWAS reduced rapidly to X tons, shrinking by X% against the previous year's figure. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 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, preserved and frozen vegetable exports reduced sharply to $X in 2022. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

In 2022, Niger (X tons) and Nigeria (X tons) represented the key exporters of vegetables (preserved, frozen) in ECOWAS, together resulting at near X% of total exports. Togo (X tons) ranks next in terms of the total exports with a X% share, followed by Mali (X%) and Ghana (X%). Senegal (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Niger ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 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 Togo ($X per ton), while Niger ($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.

Imports of Vegetables (Preserved, Frozen)

Imports in ECOWAS

Preserved and frozen vegetable imports skyrocketed to X tons in 2022, growing by X% on 2021 figures. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, preserved and frozen vegetable imports surged to $X in 2022. Over the period under review, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Senegal (X tons), Ghana (X tons) and Gambia (X tons) represented the main importers of vegetables (preserved, frozen), together generating X% of total imports. Cabo Verde (X tons), Cote d'Ivoire (X tons), Benin (X tons), Mali (X tons), Sierra Leone (X tons), Burkina Faso (X tons) and Niger (X tons) took a minor share 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 Burkina Faso (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 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 Mali ($X per ton), while Senegal ($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 more modest paces of growth.

Source: IndexBox Platform

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