Western Africa: Grape Must Market 2024

Grape Must Market Size in Western Africa

The West African grape must market skyrocketed to $X in 2023, jumping by X% against the previous year. Overall, consumption showed buoyant growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Grape Must Production in Western Africa

In value terms, grape must production soared to $X in 2023 estimated in export price. In general, production enjoyed a perceptible increase. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Grape Must Exports

Exports in Western Africa

Grape must exports skyrocketed to X litres in 2023, growing by X% compared with the previous year. Over the period under review, exports, however, saw a significant curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X litres in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, grape must exports soared to $X in 2023. In general, exports, however, recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Nigeria represented the main exporting country with an export of about X litres, which resulted at X% of total exports. Ghana (X litres) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Cote d'Ivoire (X%). Senegal (X litres) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the grape must exports, with a CAGR of X% from 2012 to 2023. At the same time, Senegal (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%) and Ghana (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Cote d'Ivoire (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest grape must supplying countries in Western Africa were Nigeria ($X), Senegal ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports.

Among the main exporting countries, Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per litre, rising by X% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per litre. From 2019 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Senegal ($X per litre), while Ghana ($X per litre) 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 a decline in the export price figures.

Grape Must Imports

Imports in Western Africa

In 2023, grape must imports in Western Africa shrank to X litres, waning by X% compared with 2022. In general, imports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X litres in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, grape must imports contracted to $X in 2023. Overall, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the main importing country with an import of around X litres, which finished at X% of total imports. It was distantly followed by Burkina Faso (X litres) and Cabo Verde (X litres), together making up a X% share of total imports.

Nigeria was also the fastest-growing in terms of the grape must imports, with a CAGR of X% from 2012 to 2023. At the same time, Burkina Faso (X%) displayed positive paces of growth. By contrast, Cabo Verde (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total imports, while Cabo Verde saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported grape must in Western Africa, comprising X% of total imports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Cabo Verde (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per litre in 2023, falling by X% against the previous year. Over the period under review, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per litre in 2022, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per litre), while Burkina Faso ($X per litre) 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 import price figures.

Source: IndexBox Platform