Western Africa: Meat Market 2024

Meat Market Size in Western Africa

The West African meat market was estimated at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Meat Production in Western Africa

In value terms, meat production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced 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.

Nigeria (X tons) constituted the country with the largest volume of meat production, comprising approx. X% of total volume. Moreover, meat production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), twofold. The third position in this ranking was held by Cote d'Ivoire (X tons), with an X% share.

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

In 2022, the average yield of meat in Western Africa stood at X kg per head, remaining relatively unchanged against the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2014 to 2022, the growth of the meat yield failed to regain momentum.

The global number of animals slaughtered for meat production reduced slightly to X heads in 2022, stabilizing at 2021 figures. 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 pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of producing animals peaked at X heads in 2021, and then fell slightly in the following year.

Meat Exports

Exports in Western Africa

In 2022, the amount of meat exported in Western Africa fell rapidly to X tons, waning by X% compared with the previous year's figure. In general, exports, however, continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, meat exports shrank to $X in 2022. Over the period under review, exports recorded 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 hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Mauritania represented the key exporter of meat in Western Africa, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Benin (X tons), Cote d'Ivoire (X tons), Nigeria (X tons) and Senegal (X tons), together constituting a X% share of total exports. Mali (X tons) followed a long way behind the leaders.

Mauritania was also the fastest-growing in terms of the meat exports, with a CAGR of X% from 2012 to 2022. At the same time, Benin (X%) and Nigeria (X%) displayed positive paces of growth. Senegal experienced a relatively flat trend pattern. By contrast, Cote d'Ivoire (X%) and Mali (X%) illustrated a downward trend over the same period. Mauritania (X p.p.), Benin (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal, Mali and Cote d'Ivoire saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest meat supplying countries in Western Africa were Cote d'Ivoire ($X), Senegal ($X) and Benin ($X), together accounting for X% of total exports. Mali, Mauritania and Nigeria lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Nigeria, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a abrupt slump. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

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

Meat Imports

Imports in Western Africa

After three years of growth, overseas purchases of meat decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, meat imports declined to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

The purchases of the three major importers of meat, namely Ghana, Liberia and Senegal, represented more than two-thirds of total import. It was distantly followed by Cote d'Ivoire (X tons), making up a X% share of total imports. The following importers - Cabo Verde (X tons), Mali (X tons) and Sierra Leone (X tons) - together made up X% of total imports.

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

In value terms, the largest meat importing markets in Western Africa were Ghana ($X), Senegal ($X) and Liberia ($X), together comprising X% of total imports. Cabo Verde, Mali, Cote d'Ivoire and Sierra Leone lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, saw the highest rates of growth with regard to 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, approximately mirroring the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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