ECOWAS: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in ECOWAS

The ECOWAS tomato ketchup market rose slightly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Tomato Ketchup Production in ECOWAS

In value terms, tomato ketchup production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Tomato Ketchup Exports

Exports in ECOWAS

Tomato ketchup exports rose rapidly to X tons in 2022, surging by X% on the previous year's figure. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato ketchup exports rose rapidly to $X in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Cote d'Ivoire (X tons) took the second position in the ranking, followed by Liberia (X tons). All these countries together took approx. X% share of total exports. The following exporters - Togo (X tons) and Ghana (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to tomato ketchup exports from Senegal stood at X%. At the same time, Liberia (X%), Ghana (X%), Cote d'Ivoire (X%) and Togo (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Senegal and Liberia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Senegal totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Togo (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, approximately reflecting the previous year. Export price indicated a measured expansion 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, tomato ketchup export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat 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 Togo ($X per ton), while Liberia ($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 more modest paces of growth.

Tomato Ketchup Imports

Imports in ECOWAS

In 2022, overseas purchases of tomato ketchup and tomato sauces were finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tomato ketchup imports rose to $X in 2022. Total imports 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, imports decreased by X% against 2019 indices. 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 in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Ghana represented the largest importer of tomato ketchup and tomato sauces in ECOWAS, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Sierra Leone (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (X%), Gambia (X%) and Liberia (X%). Cote d'Ivoire (X tons), Senegal (X tons) and Mali (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tomato ketchup imports into Ghana stood at X%. At the same time, Guinea (X%), Mali (X%), Liberia (X%), Gambia (X%), Sierra Leone (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Guinea (X p.p.), Liberia (X p.p.), Gambia (X p.p.) and Mali (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Senegal saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X), Sierra Leone ($X) and Guinea ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Guinea, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the 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 ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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