Eastern Europe: Cow Peas Market 2024

Cow Peas Market Size in Eastern Europe

In 2022, the East European cow peas market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cow Peas Production in Eastern Europe

In value terms, cow peas production reached $X in 2022 estimated in export price. Over the period under review, production saw a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Latvia (X tons), Poland (X tons) and Estonia (X tons), together accounting for X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Estonia (with a CAGR of X%), while production for the other leaders experienced a decline in the production figures.

In 2022, the average yield of cow peas (dry) in Eastern Europe reduced markedly to X tons per ha, waning by X% on the previous year's figure. In general, the yield showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the cow peas yield attained the maximum level at X tons per ha in 2013; however, from 2014 to 2022, the 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.

The cow peas harvested area amounted to X ha in 2022, therefore, remained relatively stable against 2021. Over the period under review, the harvested area showed strong growth. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Cow Peas Exports

Exports in Eastern Europe

After three years of growth, overseas shipments of cow peas (dry) decreased by X% to X tons in 2022. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, cow peas exports contracted significantly to $X in 2022. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia represented the key exporter of cow peas (dry) in Eastern Europe, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Poland (X tons) held the second position in the ranking, followed by Hungary (X tons). All these countries together took approx. X% share of total exports. The Czech Republic (X tons) followed a long way behind the leaders.

Latvia was also the fastest-growing in terms of the cow peas (dry) exports, with a CAGR of X% from 2012 to 2022. At the same time, the Czech Republic (X%), Poland (X%) and Hungary (X%) displayed positive paces of growth. From 2012 to 2022, the share of Latvia, Poland, Hungary and the Czech Republic increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cow peas supplying countries in Eastern Europe were Latvia ($X), Poland ($X) and Hungary ($X), together accounting for X% of total exports.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, jumping by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

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

Cow Peas Imports

Imports in Eastern Europe

In 2022, cow peas imports in Eastern Europe plummeted to X tons, waning by X% compared with the previous year's figure. Overall, imports, however, continue to indicate a tangible increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cow peas imports declined dramatically to $X in 2022. Over the period under review, imports, however, showed a temperate increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) was the major importer of cow peas (dry), committing X% of total imports. Hungary (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Romania (X%), Bulgaria (X%) and Moldova (X%). The following importers - the Czech Republic (X tons) and Slovakia (X tons) - each reached a X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Moldova (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. The Czech Republic and Romania experienced a relatively flat trend pattern. By contrast, Slovakia (X%) and Bulgaria (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Moldova (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Slovakia (X p.p.), Romania (X p.p.) and Bulgaria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Hungary ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Bulgaria, the Czech Republic, Slovakia and Moldova lagged somewhat behind, together accounting for a further X%.

Moldova, with a CAGR of X%, recorded 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

In 2022, the import price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked 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 the Czech Republic ($X per ton), while Moldova ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :