U.S. - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCow Peas Price in the United States - 2023
Contents:
- Cow Peas Price in the United States (CIF) - 2023
- Cow Peas Price in the United States (FOB) - 2022
- Cow Peas Imports in the United States
- Cow Peas Exports in the United States
Cow Peas Price in the United States (CIF) - 2023
The average cow peas import price stood at $1,406 per ton in November 2023, picking up by 4.6% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 13% against the previous month. Over the period under review, average import prices hit record highs at $1,494 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were Peru ($1,495 per ton) and Kenya ($1,450 per ton), while the price for Myanmar ($1,020 per ton) and Venezuela ($1,150 per ton) were amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Cow Peas Price in the United States (FOB) - 2022
The average cow peas export price stood at $1,780 per ton in 2022, increasing by 6.8% against the previous year. Over the period under review, the export price saw strong growth. The growth pace was the most rapid in 2019 when the average export price increased by 80%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($2,117 per ton) and Barbados ($2,019 per ton), while the average price for exports to Canada ($1,596 per ton) and Jamaica ($1,682 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Cow Peas Imports in the United States
In 2022, purchases abroad of cow peas (dry) increased by 7.9% to 6.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a perceptible reduction.
In value terms, cow peas imports totaled $8.8M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 8.9%.
| Import of Cow Peas in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 4.9 | 4.0 | 5.1 | 7.0 | 12.6% |
| Venezuela | N/A | N/A | 0.2 | 0.6 | 200.0% |
| Madagascar | 2.4 | 2.0 | 1.8 | 0.5 | -40.7% |
| Argentina | N/A | 0.1 | 0.4 | 0.2 | 41.4% |
| Belize | 0.8 | 0.5 | 0.3 | 0.2 | -37.0% |
| Others | 0.7 | 1.0 | 0.3 | 0.3 | -24.6% |
| Total | 8.8 | 7.5 | 8.2 | 8.8 | 0.0% |
Top Suppliers of Cow Peas to the United States in 2022:
- Peru (4.8K tons)
- Venezuela (0.6K tons)
- Madagascar (0.3K tons)
- Argentina (0.2K tons)
- Belize (0.1K tons)
Cow Peas Exports in the United States
For the third year in a row, the United States recorded decline in shipments abroad of cow peas (dry), which decreased by -31.3% to 678 tons in 2022. Over the period under review, exports saw a drastic downturn. The smallest decline of -6% was in 2021.
In value terms, cow peas exports shrank dramatically to $1.2M in 2022. Overall, exports showed a abrupt shrinkage. The smallest decline of -0.2% was in 2020.
| Export of Cow Peas in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 365 | 499 | 370 | 460 | 8.0% |
| United Kingdom | 443 | 78.2 | 264 | 172 | -27.0% |
| Australia | 145 | 310 | 209 | 149 | 0.9% |
| Hong Kong SAR | N/A | 108 | 184 | 116 | 3.6% |
| Jamaica | 86.4 | 48.1 | 92.6 | 101 | 5.3% |
| Barbados | 63.2 | 86.7 | 88.8 | 78.1 | 7.3% |
| New Zealand | N/A | N/A | N/A | 36.9 | 0% |
| Curacao | 133 | 112 | 117 | 6.2 | -64.0% |
| South Korea | N/A | 96.3 | N/A | N/A | 0% |
| Malaysia | 189 | 107 | 117 | N/A | -21.3% |
| Panama | 234 | N/A | N/A | N/A | 0% |
| Others | 75.8 | 284 | 203 | 86.5 | 4.5% |
| Total | 1,735 | 1,730 | 1,645 | 1,206 | -11.4% |
Top Export Markets for Cow Peas from the United States in 2022:
- Canada (288.4 tons)
- United Kingdom (90.7 tons)
- Australia (76.8 tons)
- Jamaica (60.0 tons)
- Hong Kong SAR (54.7 tons)
- Barbados (38.7 tons)
- New Zealand (20.4 tons)
- Curacao (3.3 tons)
This report provides an in-depth analysis of the cow peas market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 195 - Cow peas, dry
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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As of July 2023, the price of pigeon peas amounted to $1,742 per ton (CIF, US), showing a 1.9% increase compared to the previous month.
274
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The pulses price per ton stood at $1,025 (FOB, US) in May 2022, remaining stable against the previous month.
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In June 2023, the price of dry peas reached $685 per ton (FOB, US), experiencing a decrease of -4.9% compared to the previous month.
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In November 2022, the cow peas price stood at $1,087 per ton (FOB, US), approximately reflecting the previous month.
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