Western Africa: Market for Colouring Matter Of Vegetable Or Animal Origin 2024

Market Size for Colouring Matter Of Vegetable Or Animal Origin in Western Africa

The West African market for colouring matter of vegetable or animal origin fell slightly to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, recorded a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Colouring Matter Of Vegetable Or Animal Origin in Western Africa

In value terms, vegetable or animal colouring matter production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Colouring Matter Of Vegetable Or Animal Origin

Exports in Western Africa

In 2022, overseas shipments of colouring matter of vegetable or animal origin decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, vegetable or animal colouring matter exports dropped remarkably to $X in 2022. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana represented the largest exporting country with an export of about X tons, which finished at X% of total exports. Cote d'Ivoire (X tons) ranks second in terms of the total exports with a X% share, followed by Nigeria (X%), Mali (X%) and Niger (X%).

Exports from Ghana decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mali (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Niger (X%), Nigeria (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Mali (X p.p.), Nigeria (X p.p.) and Niger (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.

In value terms, the largest vegetable or animal colouring matter supplying countries in Western Africa were Niger ($X), Nigeria ($X) and Mali ($X), with a combined X% share of total exports.

Among the main exporting countries, Niger, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, reducing by X% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Niger ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Imports of Colouring Matter Of Vegetable Or Animal Origin

Imports in Western Africa

In 2022, purchases abroad of colouring matter of vegetable or animal origin decreased by X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, vegetable or animal colouring matter imports declined notably to $X in 2022. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

In 2022, Senegal (X tons) represented the main importer of colouring matter of vegetable or animal origin, making up X% of total imports. Nigeria (X tons) took the second position in the ranking, followed by Ghana (X tons), Mauritania (X tons), Niger (X tons), Cote d'Ivoire (X tons) and Cabo Verde (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vegetable or animal colouring matter imports into Senegal stood at X%. At the same time, Ghana (X%), Mauritania (X%), Cabo Verde (X%), Nigeria (X%), Niger (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Senegal, Ghana, Mauritania, Nigeria, Cabo Verde, Niger and Cote d'Ivoire increased by X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vegetable or animal colouring matter importing markets in Western Africa were Senegal ($X), Ghana ($X) and Nigeria ($X), together comprising X% of total imports.

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

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, waning by X% against the previous year. Import price indicated a strong 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. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then declined significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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