Western Africa: Dried Prune Market 2024

Dried Prune Market Size in Western Africa

In 2022, the West African dried prune market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, showed a strong expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Dried Prune Production in Western Africa

In value terms, dried prune production amounted to $X in 2022 estimated in export price. In general, production showed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Dried Prune Exports

Exports in Western Africa

In 2022, overseas shipments of dried prunes were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, dried prune exports soared to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Guinea-Bissau represented the largest exporter of dried prunes in Western Africa, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Burkina Faso (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (X%) and Benin (X%).

Guinea-Bissau experienced a relatively flat trend pattern with regard to volume of exports of dried prunes. At the same time, Benin (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Burkina Faso experienced a relatively flat trend pattern. From 2012 to 2022, the share of Guinea-Bissau, Burkina Faso, Benin and Nigeria increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guinea-Bissau ($X) emerged as the largest dried prune supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total exports. It was followed by Benin, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Guinea-Bissau was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and Benin (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

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 Guinea-Bissau ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Dried Prune Imports

Imports in Western Africa

In 2022, after three years of growth, there was decline in purchases abroad of dried prunes, when their volume decreased by X% to X tons. Total imports indicated prominent growth from 2012 to 2022: its volume 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 increased by X% against 2017 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, dried prune imports contracted to $X in 2022. Total imports indicated a remarkable 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 increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

Cabo Verde was the key importer of dried prunes in Western Africa, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Mauritania (X tons), Senegal (X tons), Ghana (X tons), Cote d'Ivoire (X tons) and Benin (X tons), together achieving a X% share of total imports. Niger (X tons) followed a long way behind the leaders.

Imports into Cabo Verde increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Mauritania (X%), Niger (X%), Senegal (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mauritania, Benin, Senegal and Cabo Verde 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, Cabo Verde ($X) constitutes the largest market for imported dried prunes in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Mauritania ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Cabo Verde, dried prune imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mauritania (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. 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 Cote d'Ivoire ($X per ton), while Benin ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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