ECOWAS: Cassava Market 2025

Cassava Market Size in ECOWAS

The ECOWAS cassava market amounted to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Cassava Production in ECOWAS

In value terms, cassava production totaled $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.4% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 79% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The country with the largest volume of cassava production was Nigeria (X tons), accounting for 59% of total volume. Moreover, cassava production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana (X tons), threefold. Cote d'Ivoire (X tons) ranked third in terms of total production with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nigeria amounted to +1.8%. In the other countries, the average annual rates were as follows: Ghana (+4.3% per year) and Cote d'Ivoire (+10.8% per year).

In 2022, the average cassava yield in ECOWAS expanded rapidly to X tons per ha, surging by 5% on the year before. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by 26% against the previous year. Over the period under review, the cassava yield reached the peak level 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, approx. X ha of cassava were harvested in ECOWAS; with a decrease of -7.9% compared with 2021 figures. The harvested area increased at an average annual rate of +2.9% 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 2019 with an increase of 27% 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 cassava harvested area remained at a somewhat lower figure.

Cassava Exports

Exports in ECOWAS

In 2022, shipments abroad of cassava was finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of 100% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, cassava exports dropped notably to $X in 2022. Overall, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when exports increased by 88%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Ghana (X tons), distantly followed by Cote d'Ivoire (X tons), Nigeria (X tons), Togo (X tons) and Mali (X tons) represented the major exporters of cassava, together achieving 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mali (with a CAGR of +40.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest cassava supplying countries in ECOWAS were Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X), together comprising 87% of total exports. Mali and Togo lagged somewhat behind, together accounting for a further 11%.

Mali, with a CAGR of +38.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, waning by -17.8% against the previous year. Overall, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 84% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Togo ($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 (+1.0%), while the other leaders experienced mixed trends in the export price figures.

Cassava Imports

Imports in ECOWAS

In 2022, after three years of decline, there was significant growth in purchases abroad of cassava, when their volume increased by 25% to X tons. Overall, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 121%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cassava imports contracted to $X in 2022. In general, imports posted a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 92%. The level of import peaked at $X in 2021, and then shrank modestly in the following year.

Imports by Country

Cabo Verde represented the largest importing country with an import of about X tons, which resulted at 63% of total imports. Togo (X tons) ranks second in terms of the total imports with a 12% share, followed by Niger (8.9%) and Burkina Faso (6.6%). Nigeria (X tons) and Mali (X tons) followed a long way behind the leaders.

Imports into Cabo Verde increased at an average annual rate of +28.4% from 2012 to 2022. At the same time, Niger (+42.0%), Togo (+25.1%), Nigeria (+21.8%) and Burkina Faso (+10.0%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +42.0% from 2012-2022. Mali experienced a relatively flat trend pattern. While the share of Cabo Verde (+53 p.p.), Togo (+9.5 p.p.), Niger (+8.3 p.p.) and Nigeria (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mali (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cabo Verde ($X) constitutes the largest market for imported cassava in ECOWAS, comprising 71% of total imports. The second position in the ranking was held by Mali ($X), with a 16% share of total imports. It was followed by Burkina Faso, with an 8% share.

From 2012 to 2022, the average annual growth rate of value in Cabo Verde stood at +28.4%. The remaining importing countries recorded the following average annual rates of imports growth: Mali (+22.4% per year) and Burkina Faso (+11.6% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, shrinking by -23.8% against the previous year. In general, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when the import price increased by 48% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then reduced dramatically in the following year.

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 ($X per ton), while Togo ($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 (+22.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform