ECOWAS: Pulses Market 2024

Pulses Market Size in ECOWAS

The ECOWAS pulses market amounted to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, continues to indicate a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Pulses Production in ECOWAS

In value terms, pulses production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. 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 Nigeria (X tons), Niger (X tons) and Burkina Faso (X tons), with a combined X% share of total production. Mali, Ghana, Senegal and Togo lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Senegal (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average pulses yield was estimated at X kg per ha in 2022, therefore, remained relatively stable against 2021 figures. In general, the yield, however, saw a slight decrease. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. Over the period under review, the pulses yield attained the maximum 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 pulses production in ECOWAS reduced to X ha, approximately equating 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to pulses production reached the maximum at X ha in 2021, and then fell in the following year.

Pulses Exports

Exports in ECOWAS

Pulses exports surged to X tons in 2022, increasing by X% against 2021 figures. In general, exports enjoyed pronounced growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, pulses exports fell to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Niger represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. Cote d'Ivoire (X tons) ranks second in terms of the total exports with a X% share, followed by Nigeria (X%). Burkina Faso (X tons), Ghana (X tons) and Mali (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pulses supplying countries in ECOWAS were Niger ($X), Cote d'Ivoire ($X) and Nigeria ($X), with a combined X% share of total exports. Ghana, Burkina Faso and Mali lagged somewhat behind, together accounting for a further X%.

Ghana, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a noticeable setback. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the export price figures.

Pulses Imports

Imports in ECOWAS

In 2022, pulses imports in ECOWAS surged to X tons, growing by X% against 2021 figures. Overall, imports saw a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, pulses imports soared to $X in 2022. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Senegal (X tons), distantly followed by Nigeria (X tons), Ghana (X tons), Guinea (X tons), Burkina Faso (X tons) and Niger (X tons) represented the major importers of pulses, together achieving X% of total imports. The following importers - Cabo Verde (X tons) and Benin (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guinea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported pulses in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with an X% share of total imports. It was followed by Niger, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Niger (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, recorded a perceptible downturn. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood 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 ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform