Market research

Palm-kernel oilcake market in ECOWAS

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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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 market volume for palm-kernel oilcake in the ECOWAS region increased from 249.4 thousand tons in 2018 to 313.5 thousand tons in 2023, reflecting overall growth of 25.7% over the period. This expansion coincided with a consistent rise in domestic production, which advanced from 309.5 to 371.4 thousand tons.

Growth was not uniform, featuring a strong increase in 2019, a minor contraction in 2020, and a robust recovery to a new peak in 2021. The market then stabilized in 2022 before resuming its upward trajectory in 2023, with annual trade flows in imports and exports contributing to the variations in net domestic availability.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
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. 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. 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. 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. 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. 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 palm-kernel oilcake in ECOWAS

In kind, 2017-2020, K t

Top producers of palm-kernel oilcake, 2017-2020

Source: SHEV.io

World map of production of palm-kernel oilcake, 2017-2020

Source: SHEV.io

Palm-kernel oilcake production in ECOWAS has increased for the third consecutive year. In 2020, ECOWAS produced 331.1 K t of palm-kernel oilcake, marking a slight advance of 1.1% from the previous year. Between 2017 and 2020, production grew by 13.7%, which translates to an annualized rate of 4.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.3%	5.8%	1.1%	4.4%

Source: SHEV.io

In value, 2017-2020, K $ US

After a two-year contraction, palm-kernel oilcake production in ECOWAS has increased. In 2020, the output was valued at 24 170 K $ US, representing a substantial advance of 21.8% compared to 2019. Between 2017 and 2020, production decreased by 12.7%, equating to an annualized rate of 4.4%. The minimum value was recorded in 2019 at 19 837 K $ US, with the largest decline occurring in 2018 at 18.6%.

Annual dynamics of production in ECOWAS in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.6%)	(12.1%)	21.8%	(4.4%)

Source: SHEV.io

Exports palm-kernel oilcake from ECOWAS

Exports in kind, t

After a two-year fall, cross-border shipments of palm-kernel oilcake from ECOWAS have increased. In 2020, ECOWAS exported 67 166 t of palm-kernel oilcake, amounting to a steep rise of 38.5% year-over-year. Between 2017 and 2020, exports increased by 4.7%, which translates to an annualized rate of 1.6%. The minimum value was recorded in 2019 at 48 510 t, with the largest decline also in 2019 at 21.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.6%)	(21.5%)	38.5%	1.6%

Source: SHEV.io

From 2017 to 2020, the leading destinations for exports in kind of palm-kernel oilcake from ECOWAS were Portugal (51.6% of exports in kind), Turkey (12.8% of exports in kind), and Mauritania (8.9% of exports in kind). Together, these three countries accounted for 73.3% of total 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

After a two-year reduction, exported palm-kernel oilcake volumes from ECOWAS have increased. In 2020, exports amounted to 4 903 K $ US, up by 66.9% compared to the previous year. Between 2017 and 2020, exports decreased by 19.7%, equating to an annualized rate of 7.0%. The minimum value was recorded in 2019 at 2 938 K $ US, with the largest decline also in 2019 at 34.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(26.2%)	(34.8%)	66.9%	(7.0%)

Source: SHEV.io

From 2017 to 2020, Portugal (35.5% of exports in value terms), Mauritania (23.1% of exports in value terms), and Turkey (12.0% of exports in value terms) were the primary buyers of palm-kernel oilcake from ECOWAS. Collectively, they accounted for 70.6% 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 palm-kernel oilcake to ECOWAS

Imports in kind, t

Volatility characterized the market behavior during these years. Volumes dropped to a minimum in 2017 and climbed to their maximum in 2020, showing an 8.3-fold shift. In 2020, ECOWAS imported a total of 2 613 t of palm-kernel oilcake, corresponding to an abrupt rise of 506.9% year-over-year. The largest decline was recorded in 2019 at 74.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	446.8%	(74.9%)	506.9%	102.6%

Source: SHEV.io

From 2017 to 2020, Portugal and Morocco were the principal markets for imports in kind of palm-kernel oilcake to ECOWAS, jointly taking 8.2% of total 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

The data reveals irregular changes, indicating a volatile market environment. Imports bottomed in 2017 and peaked in 2020, differing by 10.3 times. In 2020, ECOWAS imported 479 K $ US of palm-kernel oilcake, which is 485.8% greater than the previous year. The largest decline was recorded in 2019 at 74.7%, while the largest increase occurred in 2018 at 597.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	597.5%	(74.7%)	485.8%	117.7%

Source: SHEV.io

From 2017 to 2020, Portugal and Morocco stood out among suppliers of palm-kernel oilcake to ECOWAS, jointly taking 14.1% of total imports in value terms.

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