EU: Cow Peas Market 2024

Cow Peas Market Size in the EU

For the third consecutive year, the EU cow peas market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption saw a resilient increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Cow Peas Production in the EU

In value terms, cow peas production declined to $X in 2022 estimated in export price. In general, production posted a mild increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Latvia (X tons), Croatia (X tons) and Hungary (X tons), together accounting for X% of total production. Belgium and Cyprus lagged somewhat behind, together accounting for a further X%.

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

The average cow peas yield rose to X tons per ha in 2022, growing by X% against the previous year. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the cow peas yield remained 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 2022, the harvested area of cow peas (dry) in the European Union reached X ha, approximately equating 2021 figures. The total harvested area indicated a mild increase from 2012 to 2022: its figure 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 harvested area decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2017 to 2022, the growth of the cow peas harvested area remained at a somewhat lower figure.

Cow Peas Exports

Exports in the EU

In 2022, cow peas exports in the European Union skyrocketed to X tons, with an increase of X% compared with 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons; afterwards, it flattened through to 2022.

In value terms, cow peas exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Latvia represented the key exporting country with an export of about X tons, which recorded X% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a X% share, followed by Italy (X%), Hungary (X%) and Portugal (X%). Belgium (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cow peas exports from Latvia stood at X%. At the same time, Spain (X%), Belgium (X%), Portugal (X%), Italy (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%) illustrated a downward trend over the same period. Latvia (X p.p.), the Netherlands (X p.p.), Hungary (X p.p.), Portugal (X p.p.), Spain (X p.p.) and Belgium (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, the largest cow peas supplying countries in the European Union were the Netherlands ($X), Latvia ($X) and Italy ($X), together accounting for X% of total exports. Portugal, Belgium, Spain and Hungary lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 the European Union amounted to $X per ton, reducing by X% against the previous year. Overall, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

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

Cow Peas Imports

Imports in the EU

For the third consecutive year, the European Union recorded growth in supplies from abroad of cow peas (dry), which increased by X% to X tons in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, cow peas imports skyrocketed to $X in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Portugal (X tons) was the key importer of cow peas (dry), committing X% of total imports. Italy (X tons) took the second position in the ranking, followed by Greece (X tons), Spain (X tons) and the Netherlands (X tons). All these countries together held approx. X% share of total imports. France (X tons) and Germany (X tons) followed a long way behind the leaders.

Portugal was also the fastest-growing in terms of the cow peas (dry) imports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%), Germany (X%), Spain (X%), France (X%), Greece (X%) and Italy (X%) displayed positive paces of growth. Portugal (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while Spain, France, Greece and Italy saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Portugal ($X), Italy ($X) and Greece ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. The Netherlands, Spain, France and Germany lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 the European Union amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Portugal ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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