ECOWAS: Pears And Quinces Market 2024

Pears And Quinces Market Size in ECOWAS

In 2022, the ECOWAS pears and quinces market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pears And Quinces Production in ECOWAS

In value terms, pears and quinces production contracted to $X in 2022 estimated in export price. In general, production posted a resilient increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Benin (X tons) constituted the country with the largest volume of pears and quinces production, accounting for X% of total volume. Moreover, pears and quinces production in Benin exceeded the figures recorded by the second-largest producer, Guinea (X tons), ninefold.

In Benin, pears and quinces production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Guinea (X% per year) and Nigeria (X% per year).

Pears And Quinces Exports

Exports in ECOWAS

In 2022, shipments abroad of pears and quinces increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, pears and quinces exports fell to $X in 2022. In general, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria represented the major exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Senegal (X tons), constituting a X% share of total exports. Burkina Faso (X tons) and Cote d'Ivoire (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the pears and quinces exports, with a CAGR of X% from 2012 to 2022. Senegal (X%), Cote d'Ivoire (X%) and Burkina Faso (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Burkina Faso (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (X p.p.) displayed negative dynamics.

In value terms, the largest pears and quinces supplying countries in ECOWAS were Senegal ($X), Nigeria ($X) and Burkina Faso ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

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. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, 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 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 Burkina Faso (X%), while the other leaders experienced a decline in the export price figures.

Pears And Quinces Imports

Imports in ECOWAS

Pears and quinces imports surged to X tons in 2022, increasing by X% compared with the year before. In general, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, pears and quinces imports fell slightly to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X tons) represented the main importer of pears and quinces, generating X% of total imports. Senegal (X tons) ranks second in terms of the total imports with a X% share, followed by Cabo Verde (X%) and Cote d'Ivoire (X%). Mali (X tons) and Ghana (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the pears and quinces imports, with a CAGR of X% from 2012 to 2022. At the same time, Mali (X%), Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Cabo Verde experienced a relatively flat trend pattern. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, dropping by X% against the previous year. In general, the import price saw a slight descent. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, 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 Cote d'Ivoire (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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