Eastern Europe: Cow Peas Market 2024

Cow Peas Market Size in Eastern Europe

The East European cow peas market soared to $X in 2022, surging by X% against the previous year. In general, consumption, however, showed a significant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Cow Peas Production in Eastern Europe

In value terms, cow peas production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of cow peas production was Latvia (X tons), comprising approx. X% of total volume. Moreover, cow peas production in Latvia exceeded the figures recorded by the second-largest producer, Hungary (X tons), more than tenfold.

In Latvia, cow peas production increased at an average annual rate of X% over the period from 2012-2022.

In 2022, the average cow peas yield in Eastern Europe shrank modestly to X tons per ha, with a decrease of X% compared with 2021. Overall, the yield continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cow peas (dry) production in Eastern Europe stood at X ha, approximately reflecting the previous year. Overall, the harvested area enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of X%. The level of harvested area peaked in 2022 and is likely to see steady growth in the immediate term.

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Cow Peas Exports

Exports in Eastern Europe

In 2022, the amount of cow peas (dry) exported in Eastern Europe surged to X tons, picking up by X% compared with 2021. In general, exports saw significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cow peas exports skyrocketed to $X in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Latvia prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Hungary (X tons), creating a X% share of total exports.

Latvia was also the fastest-growing in terms of the cow peas (dry) exports, with a CAGR of X% from 2012 to 2022. Hungary (X%) illustrated a downward trend over the same period. Latvia (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Latvia ($X) emerged as the largest cow peas supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Latvia amounted to X%.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a sharp downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Latvia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%).

Cow Peas Imports

Imports in Eastern Europe

In 2022, approx. X tons of cow peas (dry) were imported in Eastern Europe; waning by X% compared with 2021 figures. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cow peas imports reduced notably to $X in 2022. In general, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia represented the major importing country with an import of around X tons, which reached X% of total imports. Bulgaria (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Ukraine (X%). The following importers - Poland (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

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

In value terms, Russia ($X), Bulgaria ($X) and Ukraine ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Ukraine, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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