Western Africa: Green Coffee Market 2024

Green Coffee Market Size in Western Africa

The West African green coffee market dropped modestly to $X in 2023, approximately mirroring the previous year. Overall, consumption, however, posted strong growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Green Coffee Production in Western Africa

In value terms, green coffee production contracted slightly to $X in 2023 estimated in export price. Overall, production, however, recorded a notable expansion. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

The country with the largest volume of green coffee production was Guinea (X tons), accounting for X% of total volume. Moreover, green coffee production in Guinea exceeded the figures recorded by the second-largest producer, Cote d'Ivoire (X tons), fourfold.

In Guinea, green coffee production expanded at an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Cote d'Ivoire (X% per year) and Togo (X% per year).

In 2023, the average yield of coffee (green) in Western Africa dropped significantly to X tons per ha, waning by X% on 2022 figures. Over the period under review, the yield saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2012; however, from 2013 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.

In 2023, the total area harvested in terms of coffee (green) production in Western Africa skyrocketed to X ha, with an increase of X% compared with the previous year. In general, the harvested area recorded a remarkable increase. The pace of growth was the most pronounced in 2019 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2021; however, from 2022 to 2023, the harvested area stood at a somewhat lower figure.

Green Coffee Exports

Exports in Western Africa

Green coffee exports fell rapidly to X tons in 2023, which is down by X% compared with 2022. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, green coffee exports reduced dramatically to $X in 2023. In general, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Cote d'Ivoire (X tons) was the largest exporter of coffee (green), making up X% of total exports. Guinea (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Togo (X%). The following exporters - Burkina Faso (X tons) and Sierra Leone (X tons) - each amounted to a X% share of total exports.

Exports from Cote d'Ivoire decreased at an average annual rate of X% from 2012 to 2023. At the same time, Burkina Faso (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Togo (X%), Guinea (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Togo and Burkina Faso increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest green coffee supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Guinea ($X), with a X% share of total exports. It was followed by Togo, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire amounted to X%. In the other countries, the average annual rates were as follows: Guinea (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price continues to indicate a slight contraction. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, 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 ($X per ton), while Burkina Faso ($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.

Green Coffee Imports

Imports in Western Africa

In 2023, approx. X tons of coffee (green) were imported in Western Africa; surging by X% against the previous year's figure. Overall, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, green coffee imports surged to $X in 2023. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Senegal was the largest importer of coffee (green) in Western Africa, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. Burkina Faso (X tons) ranks second in terms of the total imports with a X% share, followed by Cabo Verde (X%), Nigeria (X%), Mauritania (X%) and Mali (X%). Benin (X tons) followed a long way behind the leaders.

Senegal was also the fastest-growing in terms of the coffee (green) imports, with a CAGR of X% from 2012 to 2023. At the same time, Burkina Faso (X%), Benin (X%), Nigeria (X%), Mauritania (X%) and Mali (X%) displayed positive paces of growth. Cabo Verde experienced a relatively flat trend pattern. Senegal (X p.p.), Burkina Faso (X p.p.), Nigeria (X p.p.), Benin (X p.p.) and Mauritania (X p.p.) significantly strengthened its position in terms of the total imports, while Mali and Cabo Verde saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Senegal ($X), Cabo Verde ($X) and Mali ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Among the main importing countries, Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to 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, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cabo Verde ($X per ton), while Benin ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform