Western Africa: Cow Peas Market 2024

Cow Peas Market Size in Western Africa

The West African cow peas market shrank modestly to $X in 2021, declining by -3.9% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Cow Peas Production in Western Africa

In value terms, cow peas production reduced slightly to $X in 2021 estimated in export price. In general, production saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 24% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were Nigeria (X tons), Niger (X tons) and Burkina Faso (X tons), together accounting for 92% of total production. These countries were followed by Mali, Ghana and Senegal, which together accounted for a further 8.2%.

From 2012 to 2021, the biggest increases were in Senegal (with a CAGR of +15.0%), while production for the other leaders experienced more modest paces of growth.

The average cow peas yield declined modestly to X kg per ha in 2021, approximately reflecting 2020 figures. Overall, the yield saw a perceptible downturn. The growth pace was the most rapid in 2016 when the yield increased by 19%. Over the period under review, the cow peas yield hit record highs at X kg per ha in 2012; however, from 2013 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of cow peas (dry) production in Western Africa declined slightly to X ha, approximately equating 2020 figures. The harvested area increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 14%. Over the period under review, the harvested area dedicated to cow peas production attained the peak figure at X ha in 2017; however, from 2018 to 2021, the harvested area stood at a somewhat lower figure.

Cow Peas Exports

Exports in Western Africa

After three years of growth, overseas shipments of cow peas (dry) decreased by -13.7% to X tons in 2021. Over the period under review, exports, however, posted perceptible growth. The most prominent rate of growth was recorded in 2014 with an increase of 44%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, cow peas exports reached $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 53% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Senegal (X tons) represented the key exporter of cow peas (dry), comprising 43% of total exports. Togo (X tons) took the second position in the ranking, followed by Ghana (X tons) and Benin (X tons). All these countries together held approx. 56% share of total exports. Niger (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Niger (with a CAGR of +15.4%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) remains the largest cow peas supplier in Western Africa, comprising 53% of total exports. The second position in the ranking was taken by Togo ($X), with a 22% share of total exports. It was followed by Ghana, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Senegal amounted to +1.8%. In the other countries, the average annual rates were as follows: Togo (-5.0% per year) and Ghana (-3.6% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, with an increase of 25% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Senegal ($X per ton), while Niger ($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 (+5.2%), while the other leaders experienced a decline in the export price figures.

Cow Peas Imports

Imports in Western Africa

In 2021, imports of cow peas (dry) in Western Africa reduced notably to X tons, which is down by -36.7% against the previous year. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 65% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, cow peas imports reduced notably to $X in 2021. Overall, imports saw a perceptible slump. The growth pace was the most rapid in 2018 with an increase of 78% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Guinea-Bissau was the largest importing country with an import of around X tons, which resulted at 51% of total imports. It was distantly followed by Ghana (X tons), Cabo Verde (X tons) and Mali (X tons), together making up a 47% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cabo Verde (with a CAGR of +21.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guinea-Bissau ($X) constitutes the largest market for imported cow peas (dry) in Western Africa, comprising 50% of total imports. The second position in the ranking was taken by Ghana ($X), with a 25% share of total imports. It was followed by Cabo Verde, with a 14% share.

In Guinea-Bissau, cow peas imports increased at an average annual rate of +11.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Ghana (-2.9% per year) and Cabo Verde (+20.7% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, with an increase of 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Cabo Verde ($X per ton) and Mali ($X per ton), while Ghana ($X per ton) and Guinea-Bissau ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea-Bissau (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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