ECOWAS: Pineapple Market 2024

Pineapple Market Size in ECOWAS

The ECOWAS pineapple market was estimated at $X in 2022, approximately equating the previous year. Overall, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Pineapple Production in ECOWAS

In value terms, pineapple production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a precipitous decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of pineapple production was Nigeria (X tons), comprising approx. X% of total volume. Moreover, pineapple production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana (X tons), twofold. Benin (X tons) ranked third in terms of total production with a X% share.

In Nigeria, pineapple production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Ghana (X% per year) and Benin (X% per year).

In 2022, the average yield of pineapples in ECOWAS reduced slightly to X tons per ha, stabilizing at 2021 figures. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. Over the period under review, the pineapple yield attained the peak level at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of pineapples were harvested in ECOWAS; therefore, remained relatively stable against the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the pineapple harvested area failed to regain momentum.

Pineapple Exports

Exports in ECOWAS

Pineapple exports shrank slightly to X tons in 2022, which is down by X% compared with the year before. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pineapple exports dropped to $X in 2022. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire represented the main exporter of pineapples in ECOWAS, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X tons), comprising a X% share of total exports. Togo (X tons) took a minor share of total exports.

Exports from Cote d'Ivoire decreased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire and Togo increased by X and X percentage points, respectively.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Togo ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Togo, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, falling by X% against the previous year. Overall, the export price saw a slight reduction. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while Cote d'Ivoire ($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.

Pineapple Imports

Imports in ECOWAS

In 2022, the amount of pineapples imported in ECOWAS surged to X tons, picking up by X% compared with the year before. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, pineapple imports stood at $X in 2022. In general, imports showed buoyant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Togo (X tons) represented the largest importer of pineapples, making up X% of total imports. It was distantly followed by Senegal (X tons), Burkina Faso (X tons), Cabo Verde (X tons) and Mali (X tons), together generating a X% share of total imports.

Togo was also the fastest-growing in terms of the pineapples imports, with a CAGR of X% from 2012 to 2022. At the same time, Burkina Faso (X%), Senegal (X%), Mali (X%) and Cabo Verde (X%) displayed positive paces of growth. While the share of Togo (X p.p.), Senegal (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cabo Verde (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pineapple importing markets in ECOWAS were Cabo Verde ($X), Senegal ($X) and Togo ($X), together comprising X% of total imports.

Senegal, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price showed a deep downturn. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Cabo Verde ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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