Western Africa: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Western Africa

The West African preserved swine meat cut market rose modestly to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Western Africa

In value terms, preserved swine meat cut production stood at $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports in Western Africa

In 2022, exports of prepared or preserved shoulders and cuts of swine meat in Western Africa was estimated at X tons, almost unchanged from the previous year. Overall, exports saw a significant expansion. The smallest decline of X% was in 2015. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, preserved swine meat cut exports stood at $X in 2022. Over the period under review, exports recorded a significant expansion. The smallest decline of X% was in 2015. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, flattening at the previous year. Over the period under review, the export price recorded a sharp slump. The most prominent rate of growth was recorded in 2014 when the export price decreased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sierra Leone.

From 2012 to 2022, the rate of growth in terms of prices for Sierra Leone amounted to X% per year.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports in Western Africa

In 2023, approx. X tons of prepared or preserved shoulders and cuts of swine meat were imported in Western Africa; growing by X% against the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, preserved swine meat cut imports soared to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Cabo Verde (X tons) represented the main importer of prepared or preserved shoulders and cuts of swine meat, mixing up X% of total imports. It was distantly followed by Benin (X tons), committing a X% share of total imports. Cote d'Ivoire (X tons), Liberia (X tons), Senegal (X tons) and Ghana (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to preserved swine meat cut imports into Cabo Verde stood at X%. At the same time, Benin (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%), Senegal (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. Cabo Verde (X p.p.) and Benin (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Cote d'Ivoire saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cabo Verde ($X) constitutes the largest market for imported prepared or preserved shoulders and cuts of swine meat in Western Africa, comprising X% of total imports. The second position in the ranking was held by Benin ($X), with an X% share of total imports. It was followed by Liberia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Cabo Verde stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Benin (X% per year) and Liberia (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a slight decline. The pace of growth was the most pronounced 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 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Liberia ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Liberia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform