ECOWAS: Yams Market 2024

Yams Market Size in ECOWAS

The ECOWAS yams market contracted modestly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Yams Production in ECOWAS

In value terms, yams production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Nigeria (X tons) constituted the country with the largest volume of yams production, accounting for X% of total volume. Moreover, yams production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana (X tons), sixfold. Cote d'Ivoire (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2022, the average annual growth rate of volume in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

The average yams yield was estimated at X tons per ha in 2022, remaining stable against the year before. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X%. The level of yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of yams production in ECOWAS declined slightly to X ha, remaining relatively unchanged against the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the yams harvested area remained at a lower figure.

Yams Exports

Exports in ECOWAS

For the third year in a row, ECOWAS recorded growth in shipments abroad of yams, which increased by X% to X tons in 2022. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, yams exports reached $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Ghana prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Cote d'Ivoire (X tons) took a little share of total exports.

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

In value terms, Ghana ($X) remains the largest yams supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

In Ghana, yams exports expanded at 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, shrinking by X% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Cote d'Ivoire ($X per ton), while Ghana totaled $X per ton.

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

Yams Imports

Imports in ECOWAS

In 2022, supplies from abroad of yams increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports saw a significant increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, yams imports expanded significantly to $X in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Niger dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Mali (X tons) and Burkina Faso (X tons), together making up a X% share of total imports. Cote d'Ivoire (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to yams imports into Niger stood at X%. At the same time, Cote d'Ivoire (X%), Burkina Faso (X%) and Mali (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Niger, Burkina Faso and Cote d'Ivoire increased by X, X and X percentage points, respectively.

In value terms, Mali ($X) constitutes the largest market for imported yams in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mali totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Niger (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a sharp reduction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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