ECOWAS: Fruit Market 2024

Fruit Market Size in ECOWAS

In 2022, the ECOWAS fruit market decreased by less than X% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fruit Production in ECOWAS

In value terms, fruit production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Ghana (X tons) and Cote d'Ivoire (X tons), with a combined X% share of total production. Mali, Senegal, Guinea and Burkina Faso lagged somewhat behind, together accounting for a further X%.

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

The average fruit yield totaled X tons per ha in 2022, remaining constant against the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of fruits production in ECOWAS stood at X ha, flattening at the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

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Fruit Exports

Exports in ECOWAS

In 2022, exports of fruits in ECOWAS declined dramatically to X tons, shrinking by X% on 2021. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fruit exports dropped notably to $X in 2022. Overall, exports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire was the key exporter of fruits in ECOWAS, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Ghana (X tons) took the second position in the ranking, distantly followed by Senegal (X tons). All these countries together took near X% share of total exports. The following exporters - Mali (X tons) and Burkina Faso (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fruit exports from Cote d'Ivoire stood at X%. At the same time, Mali (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Ghana (X p.p.) and Mali (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest fruit supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Burkina Faso, 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: Ghana (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Burkina Faso ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced a decline in the export price figures.

Fruit Imports

Imports in ECOWAS

In 2022, imports of fruits in ECOWAS surged to X tons, jumping by X% compared with the previous year. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, fruit imports rose sharply to $X in 2022. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Niger (X tons), Nigeria (X tons) and Senegal (X tons) represented the major importer of fruits in ECOWAS, making up X% of total import. Cote d'Ivoire (X tons) took the next position in the ranking, followed by Burkina Faso (X tons), Ghana (X tons) and Mali (X tons). All these countries together held near X% share of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported fruits in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with an X% share.

In Nigeria, fruit imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price showed a perceptible descent. The pace of growth was the most pronounced in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 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 Mali (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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