ECOWAS: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in ECOWAS

The ECOWAS orange juice (single strength) market shrank modestly to $X in 2022, declining by X% 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 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Orange Juice (Single Strength) in ECOWAS

In value terms, orange juice (single strength) production dropped to $X in 2022 estimated in export price. Overall, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Orange Juice (Single Strength)

Exports in ECOWAS

In 2022, orange juice (single strength) exports in ECOWAS skyrocketed to X tons, rising by X% on the year before. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, orange juice (single strength) exports skyrocketed to $X in 2022. Total exports indicated a slight 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, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Senegal (X tons) was the key exporter of orange juice (single strength), constituting X% of total exports. Cote d'Ivoire (X tons) ranks second in terms of the total exports with a X% share, followed by Ghana (X%).

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Senegal ($X) remains the largest orange juice (single strength) supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

In Senegal, orange juice (single strength) exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, waning by X% against the previous year. Export price indicated modest growth from 2012 to 2022: its price 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, orange juice (single strength) export price decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Orange Juice (Single Strength)

Imports in ECOWAS

In 2022, after three years of growth, there was decline in overseas purchases of orange juice (single strength), when their volume decreased by X% to X tons. Overall, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced slightly in the following year.

In value terms, orange juice (single strength) imports totaled $X in 2022. In general, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Senegal (X tons), Mali (X tons), Cabo Verde (X tons), Ghana (X tons), Gambia (X tons) and Guinea-Bissau (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Guinea (X tons), generating a X% share 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, Senegal ($X) constitutes the largest market for imported orange juice (single strength) in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Guinea-Bissau ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal amounted to X%. In the other countries, the average annual rates were as follows: Guinea-Bissau (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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