ECOWAS: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in ECOWAS

The ECOWAS wine of fresh grapes market expanded to $X in 2023, picking up by X% against the previous year. The market 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 level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in ECOWAS

In value terms, wine of fresh grapes production rose slightly to $X in 2023 estimated in export price. The total production indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports in ECOWAS

In 2023, shipments abroad of wine of fresh grapes (except sparkling wine) decreased by X% to X litres, falling for the second consecutive year after two years of growth. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X litres in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, wine of fresh grapes exports fell to $X in 2023. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Togo was the major exporting country with an export of about X litres, which recorded X% of total exports. It was distantly followed by Ghana (X litres), constituting a X% share of total exports.

Togo was also the fastest-growing in terms of the wine of fresh grapes (except sparkling wine) exports, with a CAGR of X% from 2012 to 2023. At the same time, Ghana (X%) displayed positive paces of growth. Togo (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Togo ($X) and Ghana ($X) were the countries with the highest levels of exports in 2023.

Among the main exporting countries, Togo, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in ECOWAS stood at $X per litre in 2023, increasing by X% against the previous year. Overall, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per litre in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ghana ($X per litre), while Togo amounted to $X per litre.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports in ECOWAS

In 2023, overseas purchases of wine of fresh grapes (except sparkling wine) decreased by X% to X litres, falling for the second year in a row after three years of growth. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X litres. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, wine of fresh grapes imports declined to $X in 2023. Over the period under review, imports recorded a slight decrease. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Cote d'Ivoire represented the main importing country with an import of about X litres, which finished at X% of total imports. Togo (X litres) ranks second in terms of the total imports with a X% share, followed by Guinea-Bissau (X%), Ghana (X%), Senegal (X%) and Burkina Faso (X%). Cabo Verde (X litres) and Guinea (X litres) held a minor share of total imports.

Imports into Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2023. At the same time, Guinea (X%), Togo (X%), Guinea-Bissau (X%), Cabo Verde (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Senegal (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Cote d'Ivoire, Togo, Guinea-Bissau and Guinea increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported wine of fresh grapes (except sparkling wine) in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Guinea-Bissau, with an X% share.

In Cote d'Ivoire, wine of fresh grapes imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Guinea-Bissau (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per litre in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per litre in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ghana ($X per litre), while Burkina Faso ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform