Canada: Cow Peas Market 2024

Cow Peas Market Size in Canada

The Canadian cow peas market skyrocketed to $X in 2022, surging by X% against the previous year. Overall, consumption recorded a prominent increase. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Cow Peas Production in Canada

In value terms, cow peas production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X,000%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of cow peas (dry) in Canada totaled less than X kg per ha, approximately mirroring 2021 figures. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cow peas harvested area in Canada was estimated at less than X ha in 2022, almost unchanged from the previous year. In general, the harvested area showed a relatively flat trend pattern.

Cow Peas Exports

Exports from Canada

In 2022, shipments abroad of cow peas (dry) increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, cow peas exports expanded modestly to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Thailand (X tons) was the main destination for cow peas exports from Canada, with a X% share of total exports. Moreover, cow peas exports to Thailand exceeded the volume sent to the second major destination, the United States (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Thailand was relatively modest.

In value terms, Thailand ($X) and the United States ($X) constituted the largest markets for cow peas exported from Canada worldwide.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average cow peas export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price 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, cow peas export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Thailand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Cow Peas Imports

Imports into Canada

In 2022, cow peas imports into Canada skyrocketed to X tons, picking up by X% against the previous year. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, cow peas imports surged to $X in 2022. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Madagascar (X tons), the United States (X tons) and Peru (X tons) were the main suppliers of cow peas imports to Canada, with a combined X% share of total imports. India, Ukraine, Myanmar, Nigeria and Argentina lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest cow peas suppliers to Canada were the United States ($X), Madagascar ($X) and India ($X), with a combined X% share of total imports. Peru, Myanmar, Ukraine, Nigeria and Argentina lagged somewhat behind, together accounting for a further X%.

Nigeria, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cow peas import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Myanmar ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :