ECOWAS: Dry Bean Market 2025

Dry Bean Market Size in ECOWAS

The ECOWAS dry bean market was estimated at $X in 2022, approximately mirroring the previous year. In general, consumption, however, saw a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Dry Bean Production in ECOWAS

In value terms, dry bean production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 102% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Niger (X tons) and Burkina Faso (X tons), together comprising 82% of total production. Mali, Ghana, Senegal and Togo lagged somewhat behind, together accounting for a further 16%.

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.

The average dry bean yield amounted to X kg per ha in 2022, stabilizing at 2021. Overall, the yield, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of 16%. The level of yield peaked 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, approx. X ha of beans (dry) were harvested in ECOWAS; remaining stable against the year before. 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 being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 12% against the previous year. The level of harvested area peaked at X ha in 2021, and then shrank in the following year.

Dry Bean Exports

Exports in ECOWAS

In 2022, dry bean exports in ECOWAS skyrocketed to X tons, with an increase of 44% compared with 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 109%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, dry bean exports surged to $X in 2022. In general, exports recorded a moderate expansion. The growth pace was the most rapid in 2019 with an increase of 79% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Niger (X tons) was the largest exporter of beans (dry), achieving 75% of total exports. It was distantly followed by Nigeria (X tons), committing a 17% share of total exports. Burkina Faso (X tons), Ghana (X tons) and Senegal (X tons) held a relatively small share of total exports.

Exports from Niger increased at an average annual rate of +15.1% from 2012 to 2022. At the same time, Nigeria (+160.8%), Ghana (+47.1%) and Senegal (+4.9%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +160.8% from 2012-2022. By contrast, Burkina Faso (-27.8%) illustrated a downward trend over the same period. Niger (+56 p.p.), Nigeria (+17 p.p.) and Ghana (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Burkina Faso saw its share reduced by -70.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dry bean supplying countries in ECOWAS were Nigeria ($X), Niger ($X) and Ghana ($X), together comprising 86% of total exports.

Among the main exporting countries, Nigeria, with a CAGR of +150.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, falling by -16.1% against the previous year. In general, the export price, however, recorded a pronounced expansion. The growth pace was the most rapid in 2013 when the export price increased by 106%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Niger ($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 (+11.5%), while the other leaders experienced mixed trends in the export price figures.

Dry Bean Imports

Imports in ECOWAS

In 2022, the amount of beans (dry) imported in ECOWAS stood at X tons, surging by 9.2% compared with 2021 figures. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 71% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, dry bean imports declined to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 57%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ghana represented the largest importer of beans (dry) in ECOWAS, with the volume of imports finishing at X tons, which was approx. 40% of total imports in 2022. Cabo Verde (X tons) held the second position in the ranking, followed by Senegal (X tons), Burkina Faso (X tons) and Togo (X tons). All these countries together took approx. 44% share of total imports. The following importers - Nigeria (X tons) and Benin (X tons) - each amounted to an 8.6% share of total imports.

Imports into Ghana increased at an average annual rate of +5.9% from 2012 to 2022. At the same time, Benin (+46.1%), Senegal (+32.9%), Togo (+28.7%), Cabo Verde (+9.1%) and Burkina Faso (+1.8%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +46.1% from 2012-2022. By contrast, Nigeria (-4.5%) illustrated a downward trend over the same period. While the share of Senegal (+10 p.p.), Togo (+6.4 p.p.), Cabo Verde (+5.7 p.p.), Benin (+3.9 p.p.) and Ghana (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Burkina Faso (-2.8 p.p.) and Nigeria (-7.2 p.p.) displayed negative dynamics.

In value terms, Cabo Verde ($X) constitutes the largest market for imported beans (dry) in ECOWAS, comprising 41% of total imports. The second position in the ranking was taken by Ghana ($X), with a 16% share of total imports. It was followed by Senegal, with a 6.9% share.

In Cabo Verde, dry bean imports expanded at an average annual rate of +7.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (-0.9% per year) and Senegal (+5.0% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, with a decrease of -9.7% against the previous year. Overall, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the import price increased by 21%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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 Cabo Verde ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cabo Verde (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform