Market research

Groundnutoil-cake market in ECOWAS

Groundnutoil-cake market in ECOWAS

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:
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"ECOWAS" region includes following countries:

Benin
Burkina Faso
Gambia
Ghana
Guinea
Guinea-Bissau
Côte d'Ivoire
Cabo Verde
Liberia
Mali
Niger
Nigeria
Senegal
Sierra Leone
Togo

Earlier Report Observations

The groundnut oil-cake market in ECOWAS saw market volume increase from 1 637 thousand tons in 2018 to 1 718 thousand tons in 2019. After a decline to 1 585 thousand tons in 2020, a partial recovery brought the market to 1 653 thousand tons in 2021.

A sharp downturn followed in 2022, with market size plunging to 1 082 thousand tons. By 2023, the market stabilized at this lower level, recording a volume of 1 080 thousand tons.

Table of content

  1. 1. Disclaimer
  2. 2. Terms of use of the report
  3. 3. Product codes in the statistical classifications used in the report
  4. 4. Key Market Indicators and Trends
    1. 4.1. Key Market Indicators
      1. 4.1.1. In kind
        1. 4.1.1.1. Production, 2018-2023
        2. 4.1.1.2. Imports, 2018-2024
        3. 4.1.1.3. Exports, 2018-2024
        4. 4.1.1.4. Market size, 2018-2023
    2. 4.2. Market Trends and Factors
  5. 5. Production
    1. 5.1. Production in ECOWAS
      1. 5.1.1. Annual dynamics of production in ECOWAS in kind, 2018-2023, K t
    2. 5.2. Global production by Country, 2018-2023
      1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
      2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
      3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
      4. 5.2.4. Structure of production by countries in kind, 2018-2023
      5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
  6. 6. Imports
    1. 6.1. Imports (Direct Data*)
      1. 6.1.1. Imports - Total information
      2. 6.1.2. Imports in kind, t
        1. 6.1.2.1. Annual dynamics of product's imports to Benin in kind, 2018-2024, t
        2. 6.1.2.2. Dynamics of product's imports in kind to Benin by countries, 2018-2024, t
        3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.1.3. Imports in value, K $ US
        1. 6.1.3.1. Annual dynamics of product's imports to Benin in value, 2018-2024, K $ US
        2. 6.1.3.2. Dynamics of product's imports in value to Benin by countries, 2018-2024, K $ US
        3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.1.4. Average price of product's imports, $ US/t
        1. 6.1.4.1. Annual dynamics of average price of product's imports to Benin, 2018-2024, $ US/t
        2. 6.1.4.2. Dynamics of average price of product's imports to Benin by countries, 2018-2024, $ US/t
    2. 6.2. Imports (Mirror Data)
      1. 6.2.1. Imports - Total information
      2. 6.2.2. Imports in kind, t
        1. 6.2.2.1. Annual dynamics of product's imports to Benin in kind, 2018-2024, t
        2. 6.2.2.2. Dynamics of product's imports in kind to Benin by countries, 2018-2024, t
        3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.2.3. Imports in value, K $ US
        1. 6.2.3.1. Annual dynamics of product's imports to Benin in value, 2018-2024, K $ US
        2. 6.2.3.2. Dynamics of product's imports in value to Benin by countries, 2018-2024, K $ US
        3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.2.4. Average price of product's imports, $ US/t
        1. 6.2.4.1. Annual dynamics of average price of product's imports to Benin, 2018-2024, $ US/t
        2. 6.2.4.2. Dynamics of average price of product's imports to Benin by countries, 2018-2024, $ US/t
  7. 7. Exports
    1. 7.1. Exports (Direct Data*)
      1. 7.1.1. Exports - Total information
      2. 7.1.2. Exports in kind, t
        1. 7.1.2.1. Annual dynamics of product's exports from Benin in kind, 2018-2024, t
        2. 7.1.2.2. Dynamics of product's exports in kind from Benin by countries, 2018-2024, t
        3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.1.3. Exports in value, K $ US
        1. 7.1.3.1. Annual dynamics of product's exports from Benin in value, 2018-2024, K $ US
        2. 7.1.3.2. Dynamics of product's exports in value from Benin by countries, 2018-2024, K $ US
        3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.1.4. Average price of product's exports, $ US/t
        1. 7.1.4.1. Annual dynamics of average price of product's exports from Benin, 2018-2024, $ US/t
        2. 7.1.4.2. Dynamics of average price of product's exports from Benin by countries, 2018-2024, $ US/t
    2. 7.2. Exports (Mirror Data)
      1. 7.2.1. Exports - Total information
      2. 7.2.2. Exports in kind, t
        1. 7.2.2.1. Annual dynamics of product's exports from Benin in kind, 2018-2024, t
        2. 7.2.2.2. Dynamics of product's exports in kind from Benin by countries, 2018-2024, t
        3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.2.3. Exports in value, K $ US
        1. 7.2.3.1. Annual dynamics of product's exports from Benin in value, 2018-2024, K $ US
        2. 7.2.3.2. Dynamics of product's exports in value from Benin by countries, 2018-2024, K $ US
        3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.2.4. Average price of product's exports, $ US/t
        1. 7.2.4.1. Annual dynamics of average price of product's exports from Benin, 2018-2024, $ US/t
        2. 7.2.4.2. Dynamics of average price of product's exports from Benin by countries, 2018-2024, $ US/t
  8. 8. Trade balance
    1. 8.1. Trade balance (Direct Data)
      1. 8.1.1. In kind, t
      2. 8.1.2. In value, K $ US
    2. 8.2. Trade balance (Mirror Data)
      1. 8.2.1. In kind, t
      2. 8.2.2. In value, K $ US
  9. 9. Top buying and selling countries, 2018-2024
    1. 9.1. Direct Data
      1. 9.1.1. Import in Value by Countries-buyers
      2. 9.1.2. Export in Value by Countries-suppliers
    2. 9.2. Mirror Data
      1. 9.2.1. Import in Value by Countries-buyers
      2. 9.2.2. Export in Value by Countries-suppliers

Production groundnutoil-cake in ECOWAS

In kind, 2017-2020, K t

Top producers of groundnutoil-cake, 2017-2020

Source: SHEV.io

World map of production of groundnutoil-cake, 2017-2020

Source: SHEV.io

Groundnut oil-cake production in ECOWAS declined after two years of growth. In 2020, production reached 1,584 thousand tonnes, marking a 7.8% decrease compared to 2019. Over the 2017-2020 period, production increased by 10%, with a compound annual growth rate of 3.2%. The peak production was recorded in 2019 at 1,717 thousand tonnes, while the largest annual increase occurred in 2018 at 13.5%.

Annual dynamics of production in ECOWAS in kind, 2017-2020, K t

Parameter201820192020CAGR
1Change from last year13.5%5.0%(7.8%)3.2%
Source: SHEV.io

Exports groundnutoil-cake from ECOWAS

Exports in kind, t

The data shows irregular changes, indicating a volatile market environment. Export volumes reached their lowest point in 2020 and peaked in 2017, with a 10.3-fold difference between these years. In 2020, groundnut oil-cake exports from ECOWAS stood at 198 tonnes, representing a sharp decline of 79.2% from the previous year. The largest increase was recorded in 2019 at 28.3%.

Annual dynamics of product's exports from ECOWAS in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year(63.7%)28.3%(79.2%)(54.0%)
Source: SHEV.io

From 2017 to 2020, the leading destinations for groundnut oil-cake exports from ECOWAS were Mauritania, accounting for 6.5% of exports in kind, Chad at 3.1%, and Turkey at 0.6%. Together, these three countries represented 10.3% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from ECOWAS in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

ECOWAS's groundnut oil-cake export value declined for the third consecutive year. In 2020, exports amounted to 109 thousand US dollars, which is 69.2% lower year-on-year. Over the 2017-2020 period, exports decreased by 85.7%, with a compound annual decline rate of 47.7%.

Annual dynamics of product's exports from ECOWAS in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year(46.1%)(13.8%)(69.2%)(47.7%)
Source: SHEV.io

From 2017 to 2020, Chad and Mauritania each accounted for 6.0% of exports in value terms, while Turkey represented 0.7%. These three main buyers together formed 12.6% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from ECOWAS in value, 2017-2020

Source: SHEV.io

Imports groundnutoil-cake to ECOWAS

Imports in kind, t

ECOWAS's groundnut oil-cake import volume declined for the third consecutive year. In 2020, import volume reached 1,296 tonnes, down by 38.9% compared to the previous year. Between 2017 and 2020, imports decreased by 56%, equating to an annualized decline rate of 24.0%.

Annual dynamics of product's imports to ECOWAS in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year(7.4%)(22.3%)(38.9%)(24.0%)
Source: SHEV.io

Over the 2017-2020 period, Chad stood out as the main source for imports in kind, accounting for 22.5%, followed by Argentina at 5.0% and Antigua and Barbuda at 4.5%. Together, these three markets represented 31.9% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to ECOWAS in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After two years of decline, groundnut oil-cake deliveries to ECOWAS increased. In 2020, imports amounted to 722 thousand US dollars, up by 20.9% compared with 2019. Over the 2017-2020 period, imports decreased by 34.4%, with a compound annual decline rate of 13.1%. The lowest value was recorded in 2019 at 597 thousand US dollars, which also saw the largest annual decline of 30.3%.

Annual dynamics of product's imports to ECOWAS in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year(22.2%)(30.3%)20.9%(13.1%)
Source: SHEV.io

From 2017 to 2020, Chad led the import structure in value terms with 10.4%, followed by Antigua and Barbuda at 7.4% and Argentina at 4.0%. Together, these three sources accounted for 21.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to ECOWAS in value, 2017-2020

Source: SHEV.io

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