Report Ghana - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 10, 2023

Ghana - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Cow Peas Market 2023

Cow Peas Market Size in Ghana

The Ghanian cow peas market reduced to $X in 2021, falling by -11.5% against the previous year. Overall, consumption recorded a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Cow Peas Production in Ghana

In value terms, cow peas production contracted sharply to $X in 2021 estimated in export price. Overall, production saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 168%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

The average yield of cow peas (dry) in Ghana shrank modestly to X tons per ha in 2021, approximately reflecting the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by 13%. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2021. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cow peas harvested area in Ghana fell modestly to X ha in 2021, stabilizing at the previous year. Over the period under review, the harvested area showed a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 4.9%. Over the period under review, the harvested area dedicated to cow peas production attained the peak figure at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Cow Peas Exports

Exports from Ghana

In 2021, shipments abroad of cow peas (dry) increased by 268% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 33,857% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, cow peas exports soared to $X in 2021. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 23,680%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for cow peas exports from Ghana, with a 87% share of total exports. Moreover, cow peas exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was held by Belgium (X tons), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +75.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+29.4% per year) and Belgium (+48.5% per year).

In value terms, the UK ($X) emerged as the key foreign market for cow peas exports from Ghana, comprising 71% of total exports. The second position in the ranking was taken by the United States ($X), with a 24% share of total exports. It was followed by Belgium, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +82.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+43.0% per year) and Belgium (+60.1% per year).

Export Prices by Country

The average cow peas export price stood at $X per ton in 2021, increasing by 17% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 147%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Ghana

In 2021, overseas purchases of cow peas (dry) decreased by -53.4% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2019 when imports increased by 132%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cow peas imports reduced sharply to $X in 2021. Over the period under review, imports showed a precipitous setback. The growth pace was the most rapid in 2019 with an increase of 103% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Nigeria (X tons) constituted the largest supplier of cow peas to Ghana, accounting for a 64% share of total imports. Moreover, cow peas imports from Nigeria exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Lebanon (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from Nigeria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+25.6% per year) and Lebanon (-8.3% per year).

In value terms, Nigeria ($X), India ($X) and Lebanon ($X) were the largest cow peas suppliers to Ghana, together accounting for 89% of total imports.

Among the main suppliers, India, with a CAGR of +21.4%, saw the highest growth rate of 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

In 2021, the average cow peas import price amounted to $X per ton, dropping by -45.4% against the previous year. In general, the import price showed a pronounced descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 74%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cow peas (dry) in the world?
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The countries with the highest volumes of consumption in 2021 were Nigeria, Niger and Burkina Faso, with a combined 73% share of global consumption. Kenya, Mali, Ghana, Senegal, Cameroon, Sudan and the United States lagged somewhat behind, together accounting for a further 14%.
What are the largest producers of cow peas (dry) in the world?
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The countries with the highest volumes of production in 2021 were Nigeria, Niger and Burkina Faso, together comprising 72% of global production. Kenya, Canada, the United States, Mali, Ghana, Senegal, Cameroon and Sudan lagged somewhat behind, together comprising a further 17%.
What are the leading suppliers of cow peas (dry) to Ghana?
+
In value terms, Nigeria, India and Lebanon appeared to be the largest cow peas suppliers to Ghana, with a combined 89% share of total imports.
What are the leading importers of cow peas (dry) from Ghana?
+
In value terms, the UK emerged as the key foreign market for cow peas exports from Ghana, comprising 71% of total exports. The second position in the ranking was held by the United States, with a 24% share of total exports. It was followed by Belgium, with a 2.2% share.
What is the average export price for cow peas (dry) in Ghana?
+
In 2021, the average cow peas export price amounted to $929 per ton, with an increase of 17% against the previous year.
What is the average import price for cow peas (dry) in Ghana?
+
In 2021, the average cow peas import price amounted to $569 per ton, dropping by -45.4% against the previous year.

This report provides an in-depth analysis of the cow peas market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 195 - Cow peas, dry
Country coverage:
• Ghana

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ghana
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Area Harvested, 2012–2022
Figure 24:
Yield, 2012–2022
Figure 25:
Imports, In Physical Terms, 2012–2022
Figure 26:
Imports, In Value Terms, 2012–2022
Figure 27:
Imports, In Physical Terms, By Country, 2022
Figure 28:
Imports, In Physical Terms, By Country, 2012–2022
Figure 29:
Imports, In Value Terms, By Country, 2012–2022
Figure 30:
Import Prices, By Country Of Origin, 2012–2022
Figure 31:
Exports, In Physical Terms, 2012–2022
Figure 32:
Exports, In Value Terms, 2012–2022
Figure 33:
Exports, In Physical Terms, By Country, 2022
Figure 34:
Exports, In Physical Terms, By Country, 2012–2022
Figure 35:
Exports, In Value Terms, By Country, 2012–2022
Figure 36:
Export Prices, By Country Of Destination, 2012–2022
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