Ghana: Cow Peas Market 2024

Cow Peas Market Size in Ghana

In 2022, the Ghanian cow peas market increased by X% to $X, rising for the fifth year in a row after three years of decline. In general, the total consumption indicated noticeable growth 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, consumption increased by X% against 2017 indices. Cow peas consumption peaked in 2022 and is expected to retain growth in the near future.

Cow Peas Production in Ghana

In value terms, cow peas production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average yield of cow peas (dry) in Ghana dropped modestly to X tons per ha, therefore, remained relatively stable against 2021 figures. The yield figure increased at an average annual rate of X% over the period 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 2016 when the yield increased by X%. The cow peas yield peaked at X tons per ha in 2021, and then dropped slightly in the following year. 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 expanded rapidly to X ha in 2022, surging by X% compared with 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the harvested area increased by X% against the previous year. The cow peas harvested area peaked in 2022 and is likely to see steady growth in the immediate term.

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Cow Peas Exports

Exports from Ghana

In 2022, after two years of growth, there was significant decline in shipments abroad of cow peas (dry), when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, cow peas exports soared to $X in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for cow peas exports from Ghana, with a X% share of total exports. Moreover, cow peas exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Belgium (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced a decline.

Cow Peas Imports

Imports into Ghana

In 2022, supplies from abroad of cow peas (dry) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cow peas imports surged to $X in 2022. In general, imports, however, recorded a deep contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X tons) constituted the largest supplier of cow peas to Ghana, with a X% share of total imports. Moreover, cow peas imports from Nigeria exceeded the figures recorded by the second-largest supplier, Niger (X tons), sevenfold. Cote d'Ivoire (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Nigeria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Niger (X% per year) and Cote d'Ivoire (X% per year).

In value terms, Nigeria ($X) constituted the largest supplier of cow peas (dry) to Ghana, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports. It was followed by Lebanon, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Nigeria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Niger (X% per year) and Lebanon (X% per year).

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lebanon ($X per ton), while the price for Niger ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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