Updated Mar 12, 2023 05:42

Market for Meat Of Other Animals in Western Africa

Market Overview
The West African meat of other animals market reduced to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when the market value increased by %. Over the period under review, the market attained the peak level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.

In value terms, meat of other animals production stood at $ in estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. The level of production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.

The countries with the highest volumes of production in were Cote d'Ivoire ( tons), Nigeria ( tons) and Ghana ( tons), together comprising % of total production. These countries were followed by Niger, Mali and Mauritania, which together accounted for a further %.

From 2007 to , the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Niger (with a CAGR of +%), while production for the other leaders experienced more modest paces of growth.

The average meat of other animals yield amounted to tons per head in , almost unchanged from . Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by %. Over the period under review, the meat of other animals yield hit record highs at tons per head in 2019; however, from to , the yield remained at a lower figure.

The global number of animals slaughtered for meat of other animals production declined modestly to heads in , waning by -% compared with the year before. This number increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. As a result, the amount of producing animals attained the peak level of heads. From 2015 to , the growth of this number remained at a lower figure.


Consumption
In , after two years of growth, there was decline in consumption of meat of other animals, when its volume decreased by -% to tons. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, consumption attained the maximum volume at tons in , and then shrank in the following year.

The revenue of the meat of other animals market in Western Africa contracted slightly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of %. Over the period under review, the market attained the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.


Consumption by Country
The countries with the highest volumes of consumption in were Cote d'Ivoire ( tons), Nigeria ( tons) and Ghana ( tons), together accounting for % of total consumption. Niger, Mali and Mauritania lagged somewhat behind, together accounting for a further %.

From 2007 to , the biggest increases were recorded for Niger (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($), Ghana ($) and Cote d'Ivoire ($) constituted the countries with the highest levels of market value in , together comprising % of the total market. Niger, Mali and Mauritania lagged somewhat behind, together comprising a further %.

Niger, with a CAGR of +%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.

The countries with the highest levels of meat of other animals per capita consumption in were Cote d'Ivoire ( kg per person), Mauritania ( kg per person) and Ghana ( kg per person).

From 2007 to , the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Mali (with a CAGR of -%), while consumption for the other leaders experienced a decline in the per capita consumption figures.


Market Forecast
Driven by increasing demand for meat of other animals in Western Africa, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .