Cameroon: Cow Peas Market 2024

Cow Peas Market Size in Cameroon

The Cameroonian cow peas market contracted modestly to $X in 2022, waning by -2.6% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +2.8% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production in Cameroon

In value terms, cow peas production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production posted resilient growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 41% against the previous year. Cow peas production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

In 2022, the average cow peas yield in Cameroon reduced to X kg per ha, leveling off at 2021. In general, the yield saw a noticeable curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 14% against the previous year. The cow peas yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a 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 harvested area of cow peas (dry) in Cameroon reached X ha, standing approx. at the previous year's figure. The harvested area increased at an average annual rate of +6.1% 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 2013 when the harvested area increased by 95%. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the cow peas harvested area failed to regain momentum.

Cow Peas Exports

Exports from Cameroon

In 2022, after two years of growth, there was significant decline in shipments abroad of cow peas (dry), when their volume decreased by -36.6% to X tons. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 173%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined dramatically in the following year.

In value terms, cow peas exports contracted rapidly to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 240% against the previous year. The exports peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

The UK (X tons) was the main destination for cow peas exports from Cameroon, with a 69% share of total exports. Moreover, cow peas exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), tenfold. Belgium (X kg) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +85.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Belgium (+554.8% per year).

In value terms, the UK ($X) emerged as the key foreign market for cow peas (dry) exports from Cameroon, comprising 90% of total exports. The second position in the ranking was held by the United States ($X), with a 6.4% share of total exports. It was followed by Belgium, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled +167.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Belgium (+379.6% per year).

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, rising by 25% against the previous year. In general, the export price saw a temperate increase. The growth pace was the most rapid in 2017 an increase of 110%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($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 the UK (+44.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cow Peas Imports

Imports into Cameroon

In 2022, after four years of growth, there was decline in purchases abroad of cow peas (dry), when their volume decreased by -4.1% to X kg. Overall, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2014 with an increase of 190% against the previous year. As a result, imports reached the peak of X kg. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, cow peas imports reduced to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 265%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

India (X kg) and the United States (X kg) were the main suppliers of cow peas imports to Cameroon.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +11.5%).

In value terms, the largest cow peas suppliers to Cameroon were India ($X) and the United States ($X).

India, with a CAGR of +19.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, with a decrease of -2.6% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.9% 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 +29.7% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 42%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform