ECOWAS: Piper Pepper Market 2024

Piper Pepper Market Size in ECOWAS

In 2022, after two years of growth, there was decline in the ECOWAS piper pepper market, when its value decreased by X% to $X. Over the period under review, consumption, however, posted strong growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Piper Pepper Production in ECOWAS

In value terms, piper pepper production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible increase. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Burkina Faso (X tons) remains the largest piper pepper producing country in ECOWAS, accounting for X% of total volume. Moreover, piper pepper production in Burkina Faso exceeded the figures recorded by the second-largest producer, Ghana (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Burkina Faso amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Ghana (X% per year) and Nigeria (X.2% per year).

In 2022, the average piper pepper yield in ECOWAS was estimated at X kg per ha, remaining relatively unchanged against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the piper pepper yield reached the maximum level in 2022 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of piper pepper were harvested in ECOWAS; with a decrease of X% against the year before. In general, the harvested area, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the piper pepper harvested area failed to regain momentum.

Piper Pepper Exports

Exports in ECOWAS

In 2022, exports of piper pepper in ECOWAS skyrocketed to X tons, increasing by X% against the previous year's figure. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, piper pepper exports dropped rapidly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Ghana (X tons), creating a X% share of total exports. The following exporters - Cote d'Ivoire (X tons) and Senegal (X tons) - together made up X% of total exports.

Nigeria was also the fastest-growing in terms of the piper pepper exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. By contrast, Senegal (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana and Senegal saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) remains the largest piper pepper supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, piper pepper exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a abrupt descent. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Piper Pepper Imports

Imports in ECOWAS

In 2022, imports of piper pepper in ECOWAS contracted slightly to X tons, falling by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, piper pepper imports reduced modestly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell slightly in the following year.

Imports by Country

Nigeria (X tons), Ghana (X tons) and Senegal (X tons) represented roughly X% of total imports in 2022. Togo (X tons) ranks next in terms of the total imports with an X% share, followed by Cote d'Ivoire (X%) and Mali (X%). Gambia (X tons) took a little share of total imports.

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

In value terms, the largest piper pepper importing markets in ECOWAS were Nigeria ($X), Ghana ($X) and Senegal ($X), together comprising X% of total imports. Mali, Cote d'Ivoire, Gambia and Togo lagged somewhat behind, together accounting for a further X%.

Togo, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Nigeria ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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