ECOWAS: Brewing Dregs Market 2024

Brewing Dregs Market Size in ECOWAS

The ECOWAS brewing dregs market reduced to $X in 2022, therefore, remained relatively stable against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Brewing Dregs Production in ECOWAS

In value terms, brewing dregs production dropped modestly to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Brewing Dregs Exports

Exports in ECOWAS

In 2022, the amount of brewing or distilling dregs and waste exported in ECOWAS fell markedly to X tons, declining by X% against the previous year's figure. Total exports indicated a modest increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, brewing dregs exports fell markedly to $X in 2022. Overall, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Nigeria (X tons) represented the main exporter of brewing or distilling dregs and waste in ECOWAS, comprising X% of total export.

Nigeria was also the fastest-growing in terms of the brewing or distilling dregs and waste exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest brewing dregs supplier in ECOWAS.

In Nigeria, brewing dregs exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, waning by X% against the previous year. Overall, the export price saw a drastic downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked 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 Nigeria.

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

Brewing Dregs Imports

Imports in ECOWAS

In 2022, supplies from abroad of brewing or distilling dregs and waste was finally on the rise to reach X tons after three years of decline. Overall, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, brewing dregs imports soared to $X in 2022. Over the period under review, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Senegal (X tons) represented the key importer of brewing or distilling dregs and waste, mixing up X% of total imports. Nigeria (X tons) ranks second in terms of the total imports with a X% share, followed by Niger (X%).

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Senegal ($X) constitutes the largest market for imported brewing or distilling dregs and waste in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Senegal amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Niger (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 Senegal ($X per ton), while Niger ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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