Western Africa: Preserved Olive Market 2024

Preserved Olive Market Size in Western Africa

The West African preserved olive market rose modestly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Preserved Olive Production in Western Africa

In value terms, preserved olive production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Preserved Olive Exports

Exports in Western Africa

In 2023, the amount of olives prepared or preserved exported in Western Africa declined significantly to X tons, dropping by X% on 2022 figures. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2022, and then shrank dramatically in the following year.

In value terms, preserved olive exports fell to $X in 2023. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Mauritania (X tons), together recording X% of total export.

Mauritania was also the fastest-growing in terms of the olives prepared or preserved exports, with a CAGR of X% from 2012 to 2023. While the share of Mauritania (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritania ($X) also remains the largest preserved olive supplier in Western Africa.

From 2012 to 2023, the average annual growth rate of value in Mauritania amounted to X%.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, showed a deep contraction. The growth pace was the most rapid in 2016 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the export prices remained at a somewhat lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for Mauritania amounted to X% per year.

Preserved Olive Imports

Imports in Western Africa

After two years of growth, purchases abroad of olives prepared or preserved decreased by X% to X tons in 2023. Total imports indicated a moderate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2013 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2022, and then contracted slightly in the following year.

In value terms, preserved olive imports reduced slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then declined in the following year.

Imports by Country

In 2023, Senegal (X tons), distantly followed by Cote d'Ivoire (X tons), Cabo Verde (X tons), Mauritania (X tons) and Nigeria (X tons) represented the largest importers of olives prepared or preserved, together making up X% of total imports. Niger (X tons) and Benin (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mauritania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Cote d'Ivoire ($X) and Cabo Verde ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Mauritania, Nigeria, Niger and Benin lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Mauritania, 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

The import price in Western Africa stood at $X per ton in 2023, remaining constant against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Cabo Verde ($X per ton) and Benin ($X per ton), while Nigeria ($X per ton) and Mauritania ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform