ECOWAS: Pigeon Peas Market 2024

Pigeon Peas Market Size in ECOWAS

The ECOWAS pigeon peas market skyrocketed to $X in 2022, surging by X% against the previous year. In general, consumption, however, saw a remarkable increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Pigeon Peas Production in ECOWAS

In value terms, pigeon peas production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The country with the largest volume of pigeon peas production was Nigeria (X tons), comprising approx. X% of total volume. Moreover, pigeon peas production in Nigeria exceeded the figures recorded by the second-largest producer, Benin (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nigeria stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Benin (X% per year) and Ghana (X% per year).

Pigeon Peas Exports

Exports in ECOWAS

In 2022, the amount of pigeon peas exported in ECOWAS surged to X tons, increasing by X% against the previous year's figure. Overall, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, pigeon peas exports surged to $X in 2022. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X tons), generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pigeon peas exports from Nigeria stood at X%. Ghana (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) emerged as the largest pigeon peas supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Nigeria, pigeon peas exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Pigeon Peas Imports

Imports in ECOWAS

In 2022, after three years of decline, there was significant growth in purchases abroad of pigeon peas, when their volume increased by X% to X tons. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, pigeon peas imports skyrocketed to $X in 2022. In general, imports continue to indicate strong growth. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Senegal prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Ghana (X tons), committing a X% share of total imports. Togo (X tons), Liberia (X tons), Benin (X tons), Cote d'Ivoire (X tons) and Guinea (X tons) held a minor share of total imports.

Imports into Senegal decreased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Togo (X%), Liberia (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Guinea (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Benin (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) and Guinea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X), Ghana ($X) and Togo ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Liberia, Benin, Cote d'Ivoire and Guinea lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Benin, with a CAGR of X%, recorded 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 ECOWAS stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price saw a deep slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Togo ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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