ECOWAS: Food Mixer Market 2024

Food Mixer Market Size in ECOWAS

After five years of growth, the ECOWAS food mixer market decreased by X% to $X in 2022. The total consumption indicated resilient growth 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. The level of consumption peaked at $X in 2021, and then fell slightly in the following year.

Food Mixer Production in ECOWAS

In value terms, food mixer production rose modestly to $X in 2022 estimated in export price. The total production indicated a buoyant 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Food Mixer Exports

Exports in ECOWAS

In 2022, food mixer exports in ECOWAS fell notably to X units, which is down by X% compared with the year before. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, food mixer exports shrank markedly to $X in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sierra Leone prevails in exports structure, amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X units), making up a X% share of total exports. Senegal (X units), Benin (X units) and Gambia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to food mixer exports from Sierra Leone stood at X%. At the same time, Senegal (X%), Cote d'Ivoire (X%), Benin (X%) and Gambia (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Cote d'Ivoire (X p.p.), Senegal (X p.p.) and Benin (X p.p.) significantly strengthened its position in terms of the total exports, while Sierra Leone saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sierra Leone ($X) remains the largest food mixer supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

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

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then reduced slightly in the following year.

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 Sierra Leone ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Food Mixer Imports

Imports in ECOWAS

After five years of growth, overseas purchases of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by X% to X units in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, food mixer imports declined remarkably to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

Ghana represented the major importer of domestic food grinders and mixers and fruit or vegetable juice extractors in ECOWAS, with the volume of imports resulting at X units, which was near X% of total imports in 2022. It was distantly followed by Nigeria (X units), generating an X% share of total imports. The following importers - Benin (X units), Cote d'Ivoire (X units), Guinea (X units) and Cabo Verde (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to food mixer imports into Ghana stood at X%. At the same time, Benin (X%), Guinea (X%), Cabo Verde (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Benin and Guinea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported domestic food grinders and mixers and fruit or vegetable juice extractors in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

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

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Ghana ($X per unit) 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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