Western Africa: Yams Market 2024

Yams Market Size in Western Africa

The West African yams market reduced modestly to $X in 2022, waning by 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 throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Yams Production in Western Africa

In value terms, yams production contracted 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 in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Nigeria (X tons) remains the largest yams producing country in Western Africa, 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%. The remaining producing countries recorded the following average annual rates of production growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

The average yams yield totaled X tons per ha in 2022, therefore, remained relatively stable against the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the yield increased by X% against the previous year. 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 Western Africa fell to X ha, stabilizing at 2021 figures. 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 growth pace was the most rapid 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 somewhat lower figure.

Yams Exports

Exports in Western Africa

For the third year in a row, Western Africa recorded growth in shipments abroad of yams, which increased by X% to X tons in 2022. Overall, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, yams exports totaled $X in 2022. Total exports indicated a strong 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 most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Ghana dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. Cote d'Ivoire (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to yams exports from Ghana stood at X%. 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 Western Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana amounted to X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price showed a noticeable contraction. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 Cote d'Ivoire ($X per ton), while Ghana stood at $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 Western Africa

In 2022, purchases abroad of yams was finally on the rise to reach X tons after three years of decline. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, yams imports expanded notably to $X in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Niger prevails in imports structure, amounting to X tons, which was near 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) followed a long way behind the leaders.

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 Western Africa, with a CAGR of X% from 2012-2022. While the share of Niger (X p.p.), Burkina Faso (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mali (X p.p.) displayed negative dynamics.

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

In Mali, yams imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Niger (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price recorded a dramatic decline. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

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 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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