Western Africa: Wheat Bran Market 2024

Wheat Bran Market Size in Western Africa

After five years of growth, the West African wheat bran market decreased by X% to $X in 2023. The total consumption indicated a modest increase from 2012 to 2023: its value 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. The level of consumption peaked at $X in 2022, and then fell in the following year.

Wheat Bran Production in Western Africa

In value terms, wheat bran production contracted to $X in 2023 estimated in export price. Overall, production, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Wheat Bran Exports

Exports in Western Africa

In 2023, approx. X tons of wheat bran were exported in Western Africa; rising by X% compared with 2022. In general, exports, however, faced a deep slump. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, wheat bran exports skyrocketed to $X in 2023. Over the period under review, exports, however, recorded a precipitous shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Nigeria (X tons) represented the major exporter of wheat bran, comprising X% of total exports. Cote d'Ivoire (X tons) held the second position in the ranking, distantly followed by Guinea (X tons), Ghana (X tons) and Togo (X tons). All these countries together took approx. X% share of total exports. Burkina Faso (X tons) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to wheat bran exports from Nigeria stood at X%. At the same time, Burkina Faso (X%), Guinea (X%), Ghana (X%) and Togo (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. Cote d'Ivoire experienced a relatively flat trend pattern. From 2012 to 2023, the share of Cote d'Ivoire, Guinea, Ghana, Togo and Burkina Faso increased by X, X, X, X and X percentage points, respectively.

In value terms, Nigeria ($X) emerged as the largest wheat bran supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Guinea, with an X% share.

In Nigeria, wheat bran exports declined by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Guinea (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

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

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

Wheat Bran Imports

Imports in Western Africa

Wheat bran imports contracted to X tons in 2023, falling by X% against the year before. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then contracted in the following year.

In value terms, wheat bran imports fell to $X in 2023. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, Senegal (X tons) represented the major importer of wheat bran, constituting X% of total imports. Niger (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritania (X%). The following importers - Ghana (X tons) and Cabo Verde (X tons) - each finished at a X% share of total imports.

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

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

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

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cabo Verde ($X per ton), while Niger ($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 a decline in the import price figures.

Source: IndexBox Platform