Western Africa: Lentil Market 2024

Lentil Market Size in Western Africa

After three years of growth, the West African lentil market decreased by X% to $X in 2023. Over the period under review, consumption, however, enjoyed a resilient expansion. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Lentil Production in Western Africa

In value terms, lentil production contracted slightly to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Nigeria (X tons) constituted the country with the largest volume of lentil production, comprising approx. X% of total volume. Moreover, lentil production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume in Nigeria stood at X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Gambia (X% per year).

Lentil Exports

Exports in Western Africa

In 2023, overseas shipments of lentils increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports posted a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, lentil exports skyrocketed to $X in 2023. Over the period under review, exports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. Ghana (X tons) ranks second in terms of the total exports with an X% share, followed by Sierra Leone (X%). The following exporters - Cote d'Ivoire (X tons) and Gambia (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to lentil exports from Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Gambia (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Sierra Leone (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Ghana (X p.p.), Cote d'Ivoire (X p.p.) and Gambia (X p.p.) significantly strengthened its position in terms of the total exports, while Sierra Leone saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Nigeria ($X) remains the largest lentil supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, waning by X% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a lower figure.

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

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

Lentil Imports

Imports in Western Africa

In 2023, after four years of growth, there was significant decline in overseas purchases of lentils, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2022, and then dropped in the following year.

In value terms, lentil imports declined to $X in 2023. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

Niger was the largest importer of lentils in Western Africa, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Senegal (X tons) ranks second in terms of the total imports with a X% share, followed by Cabo Verde (X%). Burkina Faso (X tons), Sierra Leone (X tons), Togo (X tons) and Mauritania (X tons) followed a long way behind the leaders.

Imports into Niger increased at an average annual rate of X% from 2012 to 2023. At the same time, Togo (X%), Senegal (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Burkina Faso (X%), Mauritania (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. Niger (X p.p.), Senegal (X p.p.), Cabo Verde (X p.p.) and Togo (X p.p.) significantly strengthened its position in terms of the total imports, while Mauritania, Burkina Faso and Sierra Leone saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Niger ($X) constitutes the largest market for imported lentils in Western Africa, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Cabo Verde, with a X% share.

In Niger, lentil imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Cabo Verde (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, shrinking by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then contracted 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 Burkina Faso ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform