ECOWAS: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in ECOWAS

The ECOWAS lamb and sheep meat market was estimated at $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Lamb and Sheep Meat in ECOWAS

In value terms, lamb and sheep meat production totaled $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 indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Nigeria (X tons) constituted the country with the largest volume of lamb and sheep meat production, accounting for X% of total volume. Moreover, lamb and sheep meat production in Nigeria exceeded the figures recorded by the second-largest producer, Senegal (X tons), fourfold. Ghana (X tons) ranked third in terms of total production with an X% share.

In Nigeria, lamb and sheep meat production 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 Ghana (X% per year).

In 2022, the average lamb and sheep meat yield in ECOWAS dropped slightly to X kg per head, remaining relatively unchanged against 2021. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by X% against the previous year. The level of yield peaked at X kg per head in 2017; however, from 2018 to 2022, the yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for lamb and sheep meat production in ECOWAS; remaining stable against the year before. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of producing animals peaked at X heads in 2021, and then dropped in the following year.

Exports of Lamb and Sheep Meat

Exports in ECOWAS

In 2022, shipments abroad of lamb and sheep meat decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lamb and sheep meat exports reduced rapidly to $X in 2022. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal was the key exporter of lamb and sheep meat in ECOWAS, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Cote d'Ivoire (X tons) took the second position in the ranking, distantly followed by Mali (X kg). All these countries together held near X% share of total exports.

Exports from Senegal decreased at an average annual rate of X% from 2012 to 2022. Mali (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Mali and Cote d'Ivoire increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest lamb and sheep meat supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an X% share of total exports.

In Senegal, lamb and sheep meat exports plunged by 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: Cote d'Ivoire (X% per year) and Mali (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a moderate increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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 Senegal ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Imports of Lamb and Sheep Meat

Imports in ECOWAS

In 2022, purchases abroad of lamb and sheep meat increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, imports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, lamb and sheep meat imports rose significantly to $X in 2022. Over the period under review, imports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ghana (X tons) was the main importer of lamb and sheep meat, generating X% of total imports. Senegal (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Mali (X%). The following importers - Cote d'Ivoire (X tons), Liberia (X tons) and Cabo Verde (X tons) - together made up X% of total imports.

Imports into Ghana decreased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Mali (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Liberia (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. Senegal (X p.p.) and Mali (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Cote d'Ivoire 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, Ghana ($X) constitutes the largest market for imported lamb and sheep meat in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

In Ghana, lamb and sheep meat imports shrank by 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: Senegal (X% per year) and Mali (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price 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, lamb and sheep meat import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Cabo Verde ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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