Ghana: Cow Peas Market 2024

Cow Peas Market Size in Ghana

In 2021, the Ghanian cow peas market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Overall, consumption continues to indicate a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cow Peas Production in Ghana

In value terms, cow peas production totaled $X in 2021 estimated in export price. Overall, production showed a deep slump. Cow peas production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of cow peas (dry) in Ghana fell modestly to X tons per ha in 2021, standing approx. at the year before. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by 13%. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2021. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cow peas harvested area in Ghana dropped to X ha in 2021, leveling off at the year before. Overall, the harvested area showed a slight curtailment. The pace of growth was the most pronounced in 2017 with an increase of 4.9% against the previous year. Over the period under review, the harvested area dedicated to cow peas production attained the peak figure at X ha in 2012; however, from 2013 to 2021, the harvested area remained at a lower figure.

Cow Peas Exports

Exports from Ghana

In 2021, overseas shipments of cow peas (dry) decreased by -56.2% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 522% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, cow peas exports declined dramatically to $X in 2021. Overall, exports showed a perceptible downturn. The pace of growth was the most pronounced in 2018 with an increase of 337%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for cow peas exports from Ghana, with a 76% share of total exports. Moreover, cow peas exports to the UK exceeded the volume sent to the second major destination, India (X tons), sixfold. The third position in this ranking was held by Spain (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Spain (-5.5% per year).

In value terms, the largest markets for cow peas exported from Ghana were the UK ($X), India ($X) and Spain ($X), together comprising 94% of total exports. Canada lagged somewhat behind, accounting for a further 1.2%.

Canada, with a CAGR of +169.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cow peas export price stood at $X per ton in 2021, rising by 72% against the previous year. Over the period under review, the export price, however, faced a deep slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-6.4%), while the prices for the other major destinations experienced a decline.

Cow Peas Imports

Imports into Ghana

For the third consecutive year, Ghana recorded decline in overseas purchases of cow peas (dry), which decreased by -33.4% to X tons in 2021. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 86%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, cow peas imports dropped sharply to $X in 2021. Overall, imports recorded a pronounced decrease. The pace of growth was the most pronounced in 2014 when imports increased by 69% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Niger (X tons) constituted the largest supplier of cow peas to Ghana, with a 74% share of total imports. Moreover, cow peas imports from Niger exceeded the figures recorded by the second-largest supplier, Togo (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Niger amounted to +45.6%.

In value terms, Niger ($X) constituted the largest supplier of cow peas to Ghana, comprising 89% of total imports. The second position in the ranking was taken by Togo ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Niger totaled +43.9%.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2021, picking up by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2014 an increase of 16% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Niger ($X per ton), while the price for Togo amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (-1.2%).

Source: IndexBox Platform

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