ECOWAS: Chili And Pepper Market 2024

Chili And Pepper Market Size in ECOWAS

The ECOWAS chili and pepper market amounted to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Chili And Pepper Production in ECOWAS

In value terms, chili and pepper production expanded rapidly to $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

The country with the largest volume of chili and pepper production was Nigeria (X tons), comprising approx. X% of total volume. Moreover, chili and pepper production in Nigeria exceeded the figures recorded by the second-largest producer, Niger (X tons), threefold. Benin (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2023, the average annual growth rate of volume in Nigeria was relatively modest. In the other countries, the average annual rates were as follows: Niger (X% per year) and Benin (X% per year).

The average chili and pepper yield was estimated at X tons per ha in 2023, almost unchanged from 2022 figures. The yield indicated noticeable growth from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, chili and pepper yield decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2023, the growth of the chili and pepper yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the chili and pepper harvested area in ECOWAS reduced modestly to X ha, with a decrease of X% against the previous year's figure. Over the period under review, the harvested area saw a mild decrease. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, the harvested area dedicated to chili and pepper production attained the peak figure at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.

Chili And Pepper Exports

Exports in ECOWAS

In 2023, shipments abroad of chilies and peppers (green) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a mild decline. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, chili and pepper exports expanded modestly to $X in 2023. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Burkina Faso represented the main exporter of chilies and peppers (green) in ECOWAS, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Senegal (X tons), mixing up a X% share of total exports. Gambia (X tons), Niger (X tons), Mali (X tons) and Togo (X tons) followed a long way behind the leaders.

Burkina Faso was also the fastest-growing in terms of the chilies and peppers (green) exports, with a CAGR of X% from 2012 to 2023. At the same time, Togo (X%), Niger (X%), Senegal (X%), Gambia (X%) and Mali (X%) displayed positive paces of growth. From 2012 to 2023, the share of Burkina Faso, Senegal, Gambia, Niger and Togo increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest chili and pepper supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total exports. It was followed by Gambia, with a X% share.

In Senegal, chili and pepper exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and Gambia (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Gambia ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced mixed trends in the export price figures.

Chili And Pepper Imports

Imports in ECOWAS

For the third consecutive year, ECOWAS recorded growth in purchases abroad of chilies and peppers (green), which increased by X% to X tons in 2023. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, chili and pepper imports skyrocketed to $X in 2023. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

Nigeria prevails in imports structure, finishing at X tons, which was near X% of total imports in 2023. Guinea (X tons), Cabo Verde (X tons), Benin (X tons), Togo (X tons) and Mali (X tons) took a little share of total imports.

Nigeria was also the fastest-growing in terms of the chilies and peppers (green) imports, with a CAGR of X% from 2012 to 2023. At the same time, Benin (X%), Guinea (X%), Mali (X%), Togo (X%) and Cabo Verde (X%) displayed positive paces of growth. While the share of Nigeria (X p.p.), Guinea (X p.p.) and Benin (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Togo (X p.p.) and Cabo Verde (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported chilies and peppers (green) in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cabo Verde ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Cabo Verde (X% per year) and Guinea (X% per year).

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cabo Verde ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform