ECOWAS: Pigeon Peas Market 2024

Pigeon Peas Market Size in ECOWAS

The ECOWAS pigeon peas market shrank dramatically to $X in 2021, waning by -23.4% against the previous year. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Pigeon Peas Production in ECOWAS

In value terms, pigeon peas production contracted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Nigeria (X tons) constituted the country with the largest volume of pigeon peas production, comprising approx. 91% of total volume. Moreover, pigeon peas production in Nigeria exceeded the figures recorded by the second-largest producer, Niger (X tons), more than tenfold.

In Nigeria, pigeon peas production expanded at an average annual rate of +2.2% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Niger (+12.0% per year) and Ghana (+2.0% per year).

Pigeon Peas Exports

Exports in ECOWAS

In 2021, pigeon peas exports in ECOWAS surged to X tons, with an increase of 102% compared with the previous year. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of 321%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, pigeon peas exports soared to $X in 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 301%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria was the key exporter of pigeon peas in ECOWAS, with the volume of exports recording X tons, which was approx. 85% of total exports in 2021. It was distantly followed by Niger (X tons), committing an 11% share of total exports. Ghana (X tons) took a minor share of total exports.

Exports from Nigeria increased at an average annual rate of +76.2% from 2012 to 2021. At the same time, Niger (+247.8%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +247.8% from 2012-2021. By contrast, Ghana (-4.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nigeria and Niger increased by +76 and +11 percentage points, respectively.

In value terms, Nigeria ($X) remains the largest pigeon peas supplier in ECOWAS, comprising 76% of total exports. The second position in the ranking was held by Ghana ($X), with a 12% share of total exports.

In Nigeria, pigeon peas exports expanded at an average annual rate of +56.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+6.4% per year) and Niger (+214.8% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, declining by -12.1% against the previous year. Over the period under review, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 an increase of 44%. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+11.9%), while the other leaders experienced a decline in the export price figures.

Pigeon Peas Imports

Imports in ECOWAS

In 2021, approx. X tons of pigeon peas were imported in ECOWAS; which is down by -32.3% against 2020. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 352% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, pigeon peas imports declined dramatically to $X in 2021. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 338% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria represented the largest importer of pigeon peas in ECOWAS, with the volume of imports resulting at X tons, which was approx. 68% of total imports in 2021. It was distantly followed by Cabo Verde (X tons), committing a 22% share of total imports. Benin (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the pigeon peas imports, with a CAGR of +32.2% from 2012 to 2021. At the same time, Benin (+25.7%) displayed positive paces of growth. By contrast, Cabo Verde (-9.8%) illustrated a downward trend over the same period. While the share of Nigeria (+67 p.p.), Cabo Verde (+4.9 p.p.) and Benin (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported pigeon peas in ECOWAS, comprising 72% of total imports. The second position in the ranking was held by Cabo Verde ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria stood at +36.2%. The remaining importing countries recorded the following average annual rates of imports growth: Cabo Verde (-16.8% per year) and Benin (+33.5% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, increasing by 2.7% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pigeon peas import price increased by +14.3% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by 27% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform