Western Africa: Market for Fresh Or Chilled Cuts Of Turkey 2024

Market Size for Fresh Or Chilled Cuts Of Turkey in Western Africa

The West African market for fresh or chilled cuts of turkey contracted slightly to $X in 2022, which is down by -2.9% against the previous year. The total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Fresh Or Chilled Cuts Of Turkey in Western Africa

In value terms, fresh or chilled turkey cut production contracted modestly to $X in 2022 estimated in export price. The total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.9% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 22% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The country with the largest volume of fresh or chilled turkey cut production was Burkina Faso (X tons), comprising approx. 76% of total volume. Moreover, fresh or chilled turkey cut production in Burkina Faso exceeded the figures recorded by the second-largest producer, Gambia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume in Burkina Faso totaled +1.9%.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports in Western Africa

In 2021, the amount of fresh or chilled cuts of turkey exported in Western Africa dropped notably to X kg, reducing by -99.9% against the year before. In general, exports saw a dramatic decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 531% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then shrank markedly in the following year.

In value terms, fresh or chilled turkey cut exports declined significantly to $X in 2021. Overall, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2016 with an increase of 763%. Over the period under review, the exports reached the peak figure at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

The shipments of the one major exporters of fresh or chilled cuts of turkey, namely Ghana, represented more than two-thirds of total export.

Ghana was also the fastest-growing in terms of the fresh or chilled cuts of turkey exports, with a CAGR of -30.8% from 2012 to 2021. Ghana (+61 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In Ghana, fresh or chilled turkey cut exports shrank by an average annual rate of -30.4% over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, increasing by 8.1% against the previous year. In general, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 when the export price increased by 72%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to +0.5% per year.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in Western Africa

In 2022, supplies from abroad of fresh or chilled cuts of turkey was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 127% against the previous year. 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, fresh or chilled turkey cut imports dropped to $X in 2022. Overall, imports, however, showed a mild downturn. The pace of growth was the most pronounced in 2019 when imports increased by 136%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Benin (X tons) represented the key importer of fresh or chilled cuts of turkey, comprising 59% of total imports. It was distantly followed by Ghana (X tons), Guinea (X tons) and Liberia (X tons), together achieving a 28% share of total imports. Togo (X tons), Cabo Verde (X tons) and Mauritania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled turkey cut imports into Benin stood at -2.9%. At the same time, Mauritania (+60.0%), Cabo Verde (+41.7%), Ghana (+26.2%) and Guinea (+3.9%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +60.0% from 2012-2022. By contrast, Liberia (-3.1%) and Togo (-3.8%) illustrated a downward trend over the same period. Ghana (+13 p.p.), Cabo Verde (+3.7 p.p.), Guinea (+3.3 p.p.) and Mauritania (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Togo and Benin saw its share reduced by -1.6% and -15.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Benin ($X) constitutes the largest market for imported fresh or chilled cuts of turkey in Western Africa, comprising 65% of total imports. The second position in the ranking was taken by Ghana ($X), with an 11% share of total imports. It was followed by Guinea, with a 6.9% share.

In Benin, fresh or chilled turkey cut imports decreased by an average annual rate of -3.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+28.8% per year) and Guinea (+5.4% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, with a decrease of -15.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 49%. As a result, import price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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