ECOWAS: Baby Food Market 2024

Baby Food Market Size in ECOWAS

In 2022, the ECOWAS baby food market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Baby Food Production in ECOWAS

In value terms, baby food production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Baby Food Exports

Exports in ECOWAS

In 2022, after two years of decline, there was significant growth in shipments abroad of food preparations for infants, when their volume increased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, baby food exports rose markedly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Ghana (X tons) was the largest exporter of food preparations for infants, creating X% of total exports. It was distantly followed by Burkina Faso (X tons), creating a X% share of total exports.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Burkina Faso and Ghana increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest baby food supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Burkina Faso ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Ghana was relatively modest.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while Ghana totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%).

Baby Food Imports

Imports in ECOWAS

In 2022, purchases abroad of food preparations for infants decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, baby food imports dropped significantly to $X in 2022. Over the period under review, imports, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons) was the main importer of food preparations for infants, committing X% of total imports. Senegal (X tons) held the second position in the ranking, followed by Cote d'Ivoire (X tons), Mali (X tons), Guinea (X tons) and Burkina Faso (X tons). All these countries together held near X% share of total imports. Sierra Leone (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Mali (X%), Senegal (X%), Guinea (X%), Burkina Faso (X%), Sierra Leone (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Senegal (X p.p.), Mali (X p.p.), Guinea (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria 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, Nigeria ($X) constitutes the largest market for imported food preparations for infants in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Mali, with an X% share.

In Nigeria, baby food imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Mali (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 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 Mali ($X per ton), while Sierra Leone ($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 more modest paces of growth.

Source: IndexBox Platform

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