Western Africa: Cow Peas Market 2024

Cow Peas Market Size in Western Africa

The West African cow peas market stood at $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, recorded a perceptible slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cow Peas Production in Western Africa

In value terms, cow peas production rose modestly to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Niger (X tons) and Burkina Faso (X tons), with a combined X% share of total production. Mali, Senegal and Ghana lagged somewhat behind, together accounting for a further X%.

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

The average cow peas yield stood at X kg per ha in 2022, approximately mirroring 2021 figures. Over the period under review, the yield, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the cow peas yield attained the peak level at X kg per ha in 2012; however, from 2013 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.

The cow peas harvested area stood at X ha in 2022, approximately reflecting 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Cow Peas Exports

Exports in Western Africa

In 2022, cow peas exports in Western Africa surged to X tons, jumping by X% compared with 2021. In general, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cow peas exports surged to $X in 2022. Over the period under review, exports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Togo (X tons) was the major exporter of cow peas (dry), achieving X% of total exports. Ghana (X tons) took the second position in the ranking, distantly followed by Senegal (X tons) and Nigeria (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cow peas exports from Togo stood at X%. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Togo and Ghana increased by X and X percentage points, respectively.

In value terms, Togo ($X) emerged as the largest cow peas supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

In Togo, cow peas exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, falling by X% against the previous year. In general, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Ghana ($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 a decline in the export price figures.

Cow Peas Imports

Imports in Western Africa

In 2022, the amount of cow peas (dry) imported in Western Africa skyrocketed to X tons, with an increase of X% on the previous year's figure. In general, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cow peas imports skyrocketed to $X in 2022. Over the period under review, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria was the major importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Ghana (X tons), Guinea-Bissau (X tons), Burkina Faso (X tons) and Mali (X tons), together mixing up a X% share of total imports.

Nigeria was also the fastest-growing in terms of the cow peas (dry) imports, with a CAGR of X% from 2012 to 2022. At the same time, Mali (X%) and Ghana (X%) displayed positive paces of growth. Burkina Faso and Guinea-Bissau experienced a relatively flat trend pattern. Nigeria (X p.p.), Burkina Faso (X p.p.) and Mali (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Guinea-Bissau saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported cow peas (dry) in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with an X% share of total imports. It was followed by Guinea-Bissau, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Guinea-Bissau (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price 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, cow peas import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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