Western Africa: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Western Africa

In 2023, the West African tomato ketchup market decreased by X% to $X, falling for the second consecutive year after four years of growth. Overall, consumption saw a remarkable increase. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Tomato Ketchup Production in Western Africa

In value terms, tomato ketchup production rose slightly to $X in 2023 estimated in export price. In general, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Tomato Ketchup Exports

Exports in Western Africa

In 2023, overseas shipments of tomato ketchup and tomato sauces increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, tomato ketchup exports surged to $X in 2023. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Togo (X tons) and Senegal (X tons) represented the main exporters of tomato ketchup and tomato sauces in 2023, finishing at approx. X% and X% of total exports, respectively. It was distantly followed by Liberia (X tons), mixing up a X% share of total exports. Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Togo (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X) remains the largest tomato ketchup supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with an X% share of total exports. It was followed by Liberia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Togo stood at X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Liberia (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, saw a modest increase. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

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 Togo ($X per ton), while Senegal ($X per ton) 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 export price figures.

Tomato Ketchup Imports

Imports in Western Africa

Tomato ketchup imports skyrocketed to X tons in 2023, surging by X% compared with 2022. Total imports indicated a noticeable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, tomato ketchup imports surged to $X in 2023. Over the period under review, imports saw a mild expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Ghana was the main importer of tomato ketchup and tomato sauces in Western Africa, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. It was distantly followed by Sierra Leone (X tons), Guinea (X tons), Gambia (X tons), Cote d'Ivoire (X tons), Senegal (X tons), Liberia (X tons) and Cabo Verde (X tons), together making up a X% share of total imports.

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

In value terms, Ghana ($X), Sierra Leone ($X) and Guinea ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Guinea, with a CAGR of X%, saw 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

The import price in Western Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 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 2014 to 2023, the import prices failed to regain momentum.

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 Cabo Verde ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform