Western Africa: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Western Africa

After three years of growth, the West African non-wheat groats market decreased by X% to $X in 2022. Over the period under review, consumption saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Wheat Groats Production in Western Africa

In value terms, non-wheat groats production stood at $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Wheat Groats Exports

Exports in Western Africa

For the fifth year in a row, Western Africa recorded growth in overseas shipments of groats and meal of cereals (excluding wheat), which increased by X% to X tons in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, non-wheat groats exports surged to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Togo prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Senegal (X tons), generating a X% share of total exports. Ghana (X tons) and Cote d'Ivoire (X tons) held a relatively small share of total exports.

Togo was also the fastest-growing in terms of the groats and meal of cereals (excluding wheat) exports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. While the share of Togo (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (X p.p.), Ghana (X p.p.) and Senegal (X p.p.) displayed negative dynamics.

In value terms, Togo ($X) remains the largest non-wheat groats supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with an X% share of total exports. It was followed by Ghana, with a X% share.

In Togo, non-wheat groats exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, recorded a modest increase. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Cote d'Ivoire ($X per ton) and Senegal ($X per ton), while Togo ($X per ton) and Ghana ($X per ton) were amongst the lowest.

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

Non-Wheat Groats Imports

Imports in Western Africa

After two years of growth, overseas purchases of groats and meal of cereals (excluding wheat) decreased by X% to X tons in 2022. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, non-wheat groats imports shrank markedly to $X in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Burkina Faso (X tons) and Cote d'Ivoire (X tons) represented the major importers of groats and meal of cereals (excluding wheat) in 2022, amounting to approx. X% and X% of total imports, respectively. Nigeria (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Benin (X%) and Senegal (X%). The following importers - Mali (X tons) and Liberia (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X), Cote d'Ivoire ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Burkina Faso, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Western Africa stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

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 Nigeria ($X per ton), while Liberia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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