ECOWAS: Cow Peas Market 2025

Cow Peas Market Size in ECOWAS

The ECOWAS cow peas market reduced slightly to $X in 2022, declining by -4.2% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +4.7% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production in ECOWAS

In value terms, cow peas production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate measured growth. The growth pace was the most rapid in 2016 when the production volume increased by 93% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Niger (X tons) and Burkina Faso (X tons), together accounting for 91% of total production. Mali, Senegal and Ghana lagged somewhat behind, together accounting for a further 9.3%.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +16.2%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of cow peas (dry) in ECOWAS amounted to X kg per ha, flattening at 2021. Overall, the yield, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the yield increased by 19%. 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.

In 2022, the total area harvested in terms of cow peas (dry) production in ECOWAS reduced to X ha, leveling off at 2021 figures. The harvested area increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 14% against the previous year. The level of harvested area peaked at X ha in 2021, and then shrank modestly in the following year.

Cow Peas Exports

Exports in ECOWAS

In 2022, overseas shipments of cow peas (dry) decreased by -18.2% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports faced a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by 138%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cow peas exports rose significantly to $X in 2022. In general, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 when exports increased by 95%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria was the main exporter of cow peas (dry) in ECOWAS, with the volume of exports recording X tons, which was near 63% of total exports in 2022. It was distantly followed by Niger (X tons), Ghana (X tons) and Mali (X tons), together constituting a 28% share of total exports. Burkina Faso (X tons) and Cote d'Ivoire (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cow peas exports from Nigeria stood at +12.1%. At the same time, Cote d'Ivoire (+75.9%), Ghana (+62.6%) and Mali (+6.9%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +75.9% from 2012-2022. By contrast, Niger (-14.3%) and Burkina Faso (-35.0%) illustrated a downward trend over the same period. While the share of Nigeria (+58 p.p.), Ghana (+9 p.p.), Mali (+4.4 p.p.) and Cote d'Ivoire (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Niger (-3.8 p.p.) and Burkina Faso (-68.7 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) remains the largest cow peas supplier in ECOWAS, comprising 80% of total exports. The second position in the ranking was taken by Ghana ($X), with an 8.6% share of total exports. It was followed by Niger, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to +19.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+61.6% per year) and Niger (-17.5% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, growing by 32% against the previous year. In general, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2019 when the export price increased by 89%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Mali ($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 (+6.6%), while the other leaders experienced mixed trends in the export price figures.

Cow Peas Imports

Imports in ECOWAS

In 2022, after two years of decline, there was significant growth in overseas purchases of cow peas (dry), when their volume increased by 55% to X tons. Overall, imports, however, recorded a abrupt downturn. Over the period under review, imports attained the peak figure 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. Over the period under review, imports, however, continue to indicate a abrupt decline. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Cabo Verde represented the major importing country with an import of about X tons, which accounted for 54% of total imports. It was distantly followed by Nigeria (X tons), Benin (X tons) and Mali (X tons), together achieving a 31% share of total imports. Cote d'Ivoire (X tons), Guinea-Bissau (X tons), Burkina Faso (X tons) and Liberia (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cow peas imports into Cabo Verde stood at +6.6%. At the same time, Guinea-Bissau (+25.2%), Benin (+24.8%), Burkina Faso (+17.9%) and Liberia (+12.4%) displayed positive paces of growth. Moreover, Guinea-Bissau emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +25.2% from 2012-2022. By contrast, Mali (-21.2%), Nigeria (-24.9%) and Cote d'Ivoire (-27.2%) illustrated a downward trend over the same period. Cabo Verde (+47 p.p.), Benin (+12 p.p.), Guinea-Bissau (+2.6 p.p.), Burkina Faso (+2.5 p.p.) and Liberia (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Mali, Cote d'Ivoire and Nigeria saw its share reduced by -7.3%, -17.8% and -41.1% from 2012 to 2022, respectively.

In value terms, Cabo Verde ($X) constitutes the largest market for imported cow peas (dry) in ECOWAS, comprising 69% of total imports. The second position in the ranking was held by Nigeria ($X), with a 10% share of total imports. It was followed by Cote d'Ivoire, with a 5.3% share.

In Cabo Verde, cow peas imports expanded at an average annual rate of +3.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (-19.1% per year) and Cote d'Ivoire (-24.1% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, surging by 4.1% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 decreased by -18.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by 24%. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, 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 Guinea-Bissau ($X per ton), while Benin ($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 (+7.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform