Western Africa: Goat Meat Market 2024

Goat Meat Market Size in Western Africa

The West African goat meat market expanded to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Goat Meat Production in Western Africa

In value terms, goat meat production amounted to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid 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.

Nigeria (X tons) remains the largest goat meat producing country in Western Africa, comprising approx. X% of total volume. Moreover, goat meat production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), fivefold. Niger (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nigeria amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Burkina Faso (X% per year) and Niger (X% per year).

In 2022, the average goat meat yield in Western Africa amounted to X kg per head, approximately mirroring the previous year's figure. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the yield increased by X% against the previous year. The level of yield peaked at X kg per head in 2018; however, from 2019 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for goat meat production in Western Africa reached X heads, approximately reflecting the previous year's figure. This number increased at an average annual rate of X% 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 2019 when the number of producing animals increased by X% against the previous year. Over the period under review, this number hit record highs at X heads in 2020; afterwards, it flattened through to 2022.

Goat Meat Exports

Exports in Western Africa

In 2022, the amount of goat meat exported in Western Africa reduced dramatically to X kg, waning by X% compared with 2021 figures. Overall, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, goat meat exports declined sharply to $X in 2022. Over the period under review, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire dominates exports structure, accounting for X kg, which was near X% of total exports in 2022. Ghana (X kg) took a minor share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the goat meat exports, with a CAGR of X% from 2012 to 2022. Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire increased by X percentage points.

In value terms, Cote d'Ivoire ($X) remains the largest goat meat supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire totaled X%.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, reducing by X% against the previous year. In general, the export price continues to indicate a noticeable slump. The growth pace was the most rapid in 2020 an increase of X%. The level of export peaked at $X per ton in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Cote d'Ivoire amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Goat Meat Imports

Imports in Western Africa

In 2022, the amount of goat meat imported in Western Africa contracted to X tons, dropping by X% against 2021. In general, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, goat meat imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Mali prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Ghana (X tons), Nigeria (X tons) and Guinea (X tons) followed a long way behind the leaders.

Mali was also the fastest-growing in terms of the goat meat imports, with a CAGR of X% from 2012 to 2022. At the same time, Guinea (X%) displayed positive paces of growth. By contrast, Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. Mali (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mali, goat meat imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Guinea (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last decade, 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.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guinea ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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