ECOWAS: Green Bean Market 2025

Green Bean Market Size in ECOWAS

In 2022, the ECOWAS green bean market decreased by -0.4% to $X, falling for the third year in a row after two years of growth. In general, consumption continues to indicate a mild setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Green Bean Production in ECOWAS

In value terms, green bean production amounted to $X in 2022 estimated in export price. Overall, production recorded a slight setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 44% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Niger (X tons), Ghana (X tons) and Senegal (X tons), with a combined 75% share of total production. Cote d'Ivoire, Burkina Faso and Mali lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of +15.4%), while production for the other leaders experienced more modest paces of growth.

The average green bean yield contracted modestly to X tons per ha in 2022, which is down by -1.7% on 2021 figures. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the yield increased by 4.1% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then contracted slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the green bean harvested area in ECOWAS declined modestly to X ha, flattening at the year before. Over the period under review, the harvested area, however, recorded slight growth. The growth pace was the most rapid in 2018 with an increase of 4.9% against the previous year. The level of harvested area peaked at X ha in 2021, and then reduced slightly in the following year.

Green Bean Exports

Exports in ECOWAS

After two years of growth, overseas shipments of green beans decreased by -7.2% to X tons in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 46%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, green bean exports shrank to $X in 2022. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 82%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Senegal dominates exports structure, recording X tons, which was approx. 93% of total exports in 2022. Burkina Faso (X tons) followed a long way behind the leaders.

Senegal was also the fastest-growing in terms of the green beans exports, with a CAGR of +16.2% from 2012 to 2022. Burkina Faso (-3.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal increased by +23 percentage points.

In value terms, Senegal ($X) remains the largest green bean supplier in ECOWAS, comprising 94% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal stood at +16.9%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with a decrease of -6.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 25%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while Senegal stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+0.6%).

Green Bean Imports

Imports in ECOWAS

After two years of decline, supplies from abroad of green beans increased by 57% to X tons in 2022. In general, imports, however, recorded a sharp descent. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, green bean imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 62% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Liberia (X tons), distantly followed by Sierra Leone (X tons), Nigeria (X tons), Cote d'Ivoire (X tons), Burkina Faso (X tons) and Niger (X tons) represented the main importers of green beans, together achieving 87% of total imports. Togo (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of +47.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Sierra Leone ($X), Liberia ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 75% share of total imports. Cote d'Ivoire, Togo, Niger and Burkina Faso lagged somewhat behind, together accounting for a further 14%.

Burkina Faso, with a CAGR of +22.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, shrinking by -15.4% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the import price increased by 43%. The level of import peaked at $X per ton in 2021, and then reduced rapidly 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 Sierra Leone ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+16.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform