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ECOWAS - Garlic - Market Analysis, Forecast, Size, Trends and Insights
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View PricingECOWAS: Garlic Market 2024
Garlic Market Size in ECOWAS
The ECOWAS garlic market soared to $X in 2023, jumping by X% against the previous year. In general, consumption continues to indicate a significant expansion. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.
Garlic Production in ECOWAS
In value terms, garlic production surged to $X in 2023 estimated in export price. In general, production, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked in 2023 and is likely to continue growth in the immediate term.
The countries with the highest volumes of production in 2023 were Mali (X tons), Niger (X tons) and Nigeria (X tons), with a combined X% share of total production.
From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Mali (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.
In 2023, the average yield of garlic in ECOWAS reduced to X tons per ha, remaining relatively unchanged against 2022. The yield indicated pronounced growth from 2012 to 2023: its figure 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, garlic yield increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The garlic harvested area dropped modestly to X ha in 2023, therefore, remained relatively stable against 2022 figures. In general, the harvested area, however, recorded resilient growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2020; afterwards, it flattened through to 2023.
Garlic Exports
Exports in ECOWAS
In 2023, shipments abroad of garlic increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports failed to regain momentum.
In value terms, garlic exports surged to $X in 2023. In general, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.
Exports by Country
Niger (X tons) and Togo (X tons) represented roughly X% of total exports in 2023. Nigeria (X tons) ranks next in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%). Benin (X tons) followed a long way behind the leaders.
From 2012 to 2023, the biggest increases were recorded for Benin (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest garlic supplying countries in ECOWAS were Nigeria ($X), Cote d'Ivoire ($X) and Niger ($X), with a combined X% share of total exports. Togo and Benin lagged somewhat behind, together comprising a further X%.
Among the main exporting countries, Benin, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.
Export Prices by Country
In 2023, the export price in ECOWAS amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price showed a deep downturn. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($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 Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.
Garlic Imports
Imports in ECOWAS
For the fourth year in a row, ECOWAS recorded growth in purchases abroad of garlic, which increased by X% to X tons in 2023. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.
In value terms, garlic imports surged to $X in 2023. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the near future.
Imports by Country
Senegal (X tons) and Nigeria (X tons) represented the main importers of garlic in 2023, finishing at near X% and X% of total imports, respectively. Cote d'Ivoire (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%) and Mali (X%). Burkina Faso (X tons) and Guinea (X tons) followed a long way behind the leaders.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nigeria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest garlic importing markets in ECOWAS were Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X), together comprising X% of total imports.
Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 ECOWAS amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price continues to indicate moderate growth. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guinea ($X per ton), while Mali ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the garlic market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 406 - Garlic
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in ECOWAS, split by region and country
- Trade (exports and imports) in ECOWAS
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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