Agricultural technology: The West African market for agricultural technology becomes ever more important. According to the German Engineering Federation VDMA, West African imports of such machinery reach around €200 million annually.
Food & beverage technology: From €496 million in 2015 to €641 million in 2020, West Africa’s imports of food & beverage technology show an annual increase of 5.3% between 2015 and 2020. (VDMA)
Packaging technology: Imports amounted to €309 million in 2020, up 3.3% from 299 million euros in 2019 - steady growth even in the Corona year 2020. Major West African importers – apart from Nigeria – are Ivory Coast, Ghana, Guinea, Senegal, Mali and Burkina Faso. (VDMA)
Food & beverage ingredients: With already well over 420 million inhabitants (2022), which according to the World Bank will rise to 800 million by 2050, West Africa is a huge food market. Expenditure in the F&B sector is growing steadily, and F&B production is by far the largest segment of the West African processing industry. Accordingly, the demand for food and beverage ingredients is rising continuously.
Food trade with West Africa:According to the World Trade Organization WTO, West African food imports have reached around US$16 billion and exports US$14 billion. Thus, food trade with West Africa is a US$30 billion business.