ECOWAS: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in ECOWAS

The ECOWAS market for mixed condiments, sauses and seasonings expanded remarkably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Mixed Condiments, Sauses and Seasonings in ECOWAS

In value terms, mixed condiment, sause and seasoning production rose rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded 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 lower figure.

Exports of Mixed Condiments, Sauses and Seasonings

Exports in ECOWAS

In 2022, exports of mixed condiments, sauses and seasonings in ECOWAS surged to X tons, rising by X% against the year before. Overall, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, mixed condiment, sause and seasoning exports soared to $X in 2022. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Cote d'Ivoire was the key exporter of mixed condiments, sauses and seasonings in ECOWAS, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Senegal (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (X%) and Togo (X%). Ghana (X tons) held a relatively small share of total exports.

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

In value terms, Cote d'Ivoire ($X) emerged as the largest mixed condiment, sause and seasoning supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

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

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Cote d'Ivoire ($X per ton), while Togo ($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 more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports in ECOWAS

In 2022, the amount of mixed condiments, sauses and seasonings imported in ECOWAS contracted rapidly to X tons, shrinking by X% against the previous year. In general, imports, however, enjoyed a tangible increase. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mixed condiment, sause and seasoning imports fell sharply to $X in 2022. Over the period under review, imports, however, posted a notable expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the eight major importers of mixed condiments, sauses and seasonings, namely Guinea, Ghana, Nigeria, Liberia, Gambia, Sierra Leone, Mali and Burkina Faso, represented more than two-thirds of total import.

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

In value terms, Nigeria ($X), Guinea ($X) and Ghana ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Gambia, Mali, Liberia, Sierra Leone and Burkina Faso lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Mali, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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