Western Africa: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Western Africa

The West African market for gingerbread, sweet biscuits and waffles dropped to $X in 2023, standing approx. at the previous year. The total consumption indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2023.

Production of Gingerbread, Sweet Biscuits and Waffles in Western Africa

In value terms, gingerbread, sweet biscuit and waffle production reduced slightly to $X in 2023 estimated in export price. The total production indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in Western Africa

In 2023, after two years of growth, there was significant decline in shipments abroad of gingerbread, sweet biscuits and waffles, when their volume decreased by X% to X tons. In general, exports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports fell rapidly to $X in 2023. Overall, exports, however, posted temperate growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Senegal (X tons) and Ghana (X tons) dominates exports structure, together making up X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), mixing up a X% share of total exports. Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Ghana ($X), Senegal ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

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

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price continues to indicate a slight contraction. 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 maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the export price figures.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in Western Africa

In 2023, overseas purchases of gingerbread, sweet biscuits and waffles decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports contracted to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of gingerbread, sweet biscuits and waffles, namely Cote d'Ivoire, Senegal, Mauritania, Guinea, Benin, Mali, Togo, Burkina Faso, Liberia, Ghana, Gambia and Sierra Leone, represented more than two-thirds of total import.

From 2012 to 2023, the biggest increases were recorded for Togo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Mauritania ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Mali, Guinea, Liberia, Ghana, Gambia, Benin, Sierra Leone, Togo and Burkina Faso lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Togo, with a CAGR of X%, saw 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 2023, the import price in Western Africa amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2022, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mauritania ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2023, 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