Report EU - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 10, 2023

EU - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

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EU: Cow Peas Market 2023

Cow Peas Market Size in the EU

The EU cow peas market contracted notably to $X in 2021, waning by -40% against the previous year. Overall, consumption continues to indicate a perceptible downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Cow Peas Production in the EU

In value terms, cow peas production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 13%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Latvia (X tons) remains the largest cow peas producing country in the European Union, comprising approx. 57% of total volume. Moreover, cow peas production in Latvia exceeded the figures recorded by the second-largest producer, Croatia (X tons), threefold. Poland (X tons) ranked third in terms of total production with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in Latvia was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Croatia (+7.8% per year) and Poland (-0.1% per year).

In 2021, the average yield of cow peas (dry) in the European Union amounted to X tons per ha, picking up by 8% on the previous year's figure. Overall, the yield, however, recorded a pronounced decrease. The growth pace was the most rapid in 2017 when the yield increased by 63% against the previous year. Over the period under review, the cow peas yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of cow peas (dry) were harvested in the European Union; waning by -4.6% on the year before. The total harvested area indicated a moderate increase from 2012 to 2021: its figure increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cow peas harvested area decreased by -18.4% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of 91%. As a result, the harvested area reached the peak level of X ha. From 2017 to 2021, the growth of the cow peas harvested area remained at a somewhat lower figure.

Cow Peas Exports

Exports in the EU

In 2021, exports of cow peas (dry) in the European Union soared to X tons, growing by 124% compared with 2020. In general, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cow peas exports surged to $X in 2021. Over the period under review, exports recorded a pronounced expansion. The growth pace was the most rapid in 2020 with an increase of 36% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Latvia was the key exporter of cow peas (dry) in the European Union, with the volume of exports accounting for X tons, which was near 47% of total exports in 2021. It was distantly followed by Belgium (X tons), Poland (X tons) and Spain (X tons), together comprising a 33% share of total exports. Estonia (X tons), the Netherlands (X tons) and Germany (X tons) held a relatively small share of total exports.

Exports from Latvia increased at an average annual rate of +69.2% from 2012 to 2021. At the same time, Estonia (+127.0%), Poland (+27.9%), Belgium (+12.7%) and Spain (+5.4%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +127.0% from 2012-2021. By contrast, the Netherlands (-2.5%) and Germany (-3.1%) illustrated a downward trend over the same period. Latvia (+46 p.p.), Poland (+6 p.p.), Belgium (+4.2 p.p.) and Estonia (+3.9 p.p.) significantly strengthened its position in terms of the total exports, while Spain, Germany and the Netherlands saw its share reduced by -2.3%, -5.3% and -6.4% from 2012 to 2021, respectively.

In value terms, the largest cow peas supplying countries in the European Union were Belgium ($X), Latvia ($X) and the Netherlands ($X), with a combined 53% share of total exports. These countries were followed by Poland, Spain, Germany and Estonia, which together accounted for a further 28%.

Among the main exporting countries, Estonia, with a CAGR of +100.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, falling by -42.2% against the previous year. Over the period under review, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2013 when the export price increased by 37% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.7%), while the other leaders experienced more modest paces of growth.

Cow Peas Imports

Imports in the EU

In 2021, cow peas imports in the European Union declined to X tons, which is down by -8.6% on the previous year's figure. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, cow peas imports amounted to $X in 2021. Total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.1% against 2016 indices. The pace of growth was the most pronounced in 2014 when imports increased by 44% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

France (X tons), Italy (X tons) and Belgium (X tons) represented roughly 49% of total imports in 2021. Spain (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Germany (8.1%), Hungary (6.4%), the Netherlands (6.2%) and Greece (5.3%).

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and Italy ($X) were the countries with the highest levels of imports in 2021, with a combined 44% share of total imports. Spain, Germany, the Netherlands, Hungary and Greece lagged somewhat behind, together comprising a further 41%.

In terms of the main importing countries, Hungary, with a CAGR of +10.1%, recorded the highest growth rate of 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

In 2021, the import price in the European Union amounted to $X per ton, with an increase of 10% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cow peas (dry) in the the EU?
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The countries with the highest volumes of consumption in 2021 were Italy, France and Croatia, together comprising 48% of total consumption. These countries were followed by Spain, Germany, Hungary, Greece, the Netherlands, Poland, Belgium, Latvia, Slovenia and Cyprus, which together accounted for a further 42%.
What are the largest producers of cow peas (dry) in the the EU?
+
The country with the largest volume of cow peas production was Latvia, comprising approx. 57% of total volume. Moreover, cow peas production in Latvia exceeded the figures recorded by the second-largest producer, Croatia, threefold. The third position in this ranking was taken by Poland, with a 12% share.
What are the leading suppliers of cow peas (dry) in the the EU?
+
In value terms, the largest cow peas supplying countries in the European Union were Belgium, Latvia and the Netherlands, with a combined 53% share of total exports. These countries were followed by Poland, Spain, Germany and Estonia, which together accounted for a further 28%.
What are the leading importers of cow peas (dry) in the the EU?
+
In value terms, the largest cow peas importing markets in the European Union were France, Belgium and Italy, together comprising 44% of total imports. These countries were followed by Spain, Germany, the Netherlands, Hungary and Greece, which together accounted for a further 41%.
What is the average export price for cow peas (dry) in the the EU?
+
In 2021, the export price in the European Union amounted to $963 per ton, shrinking by -42.2% against the previous year.
What is the average import price for cow peas (dry) in the the EU?
+
In 2021, the import price in the European Union amounted to $1,373 per ton, surging by 10% against the previous year.

This report provides an in-depth analysis of the cow peas market in the EU. 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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Harvested Area, By Country, 2007-2022
Table 7:
Yield, By Country, 2007-2022
Table 8:
Imports, In Physical Terms, By Country, 2012–2022
Table 9:
Imports, In Value Terms, By Country, 2012–2022
Table 10:
Import Prices, By Country Of Destination, 2012–2022
Table 11:
Exports, In Physical Terms, By Country, 2012–2022
Table 12:
Exports, In Value Terms, By Country, 2012–2022
Table 13:
Export Prices, By Country Of Origin, 2012–2022
Table 14:
Producer Prices, By Major Producing Country, 2022
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2022
Figure 18:
Production, In Value Terms, 2012–2022
Figure 19:
Area Harvested, 2012–2022
Figure 20:
Yield, 2012–2022
Figure 21:
Production, By Country, 2022
Figure 22:
Production, In Physical Terms, By Country, 2012–2022
Figure 23:
Harvested Area, By Country, 2022
Figure 24:
Harvested Area, By Country, 2007-2022
Figure 25:
Yield, By Country, 2007-2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, 2012–2022
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