ECOWAS: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in ECOWAS

The ECOWAS pimenta pepper market declined to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Pimenta Pepper Production in ECOWAS

In value terms, pimenta pepper production fell to $X in 2022 estimated in export price. In general, production showed a slight downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Cote d'Ivoire (X tons), Benin (X tons) and Ghana (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of pimenta pepper in ECOWAS reached X tons per ha, remaining constant against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The pimenta pepper harvested area reduced modestly to X ha in 2022, which is down by X% compared with the previous year. Overall, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the harvested area reached the peak level of X ha, and then shrank in the following year.

Pimenta Pepper Exports

Exports in ECOWAS

In 2022, the amount of pimenta pepper exported in ECOWAS surged to X tons, jumping by X% compared with the previous year's figure. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, pimenta pepper exports surged to $X in 2022. In general, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Cote d'Ivoire (X tons) and Mali (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Ghana (X tons) and Nigeria (X tons), together creating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price showed a pronounced downturn. The pace of growth was the most pronounced in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Nigeria ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the export price figures.

Pimenta Pepper Imports

Imports in ECOWAS

In 2022, purchases abroad of pimenta pepper increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pimenta pepper imports surged to $X in 2022. Overall, imports posted a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Cote d'Ivoire (X tons) was the largest importer of pimenta pepper, creating X% of total imports. Ghana (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Benin (X%), Mali (X%), Niger (X%) and Nigeria (X%). Liberia (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Niger ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Ghana, with a CAGR of X%, saw 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, waning by X% against the previous year. In general, the import price, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Niger ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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