Germany: Cow Peas Market 2023

Cow Peas Market Size in Germany

The German cow peas market expanded markedly to $X in 2022, increasing by 9.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.0% against 2020 indices. Cow peas consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cow Peas Exports

Exports from Germany

In 2022, exports of cow peas (dry) from Germany skyrocketed to X tons, increasing by 62% against 2021 figures. In general, total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, cow peas exports soared to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 53% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for cow peas exports from Germany, with a 47% share of total exports. Moreover, cow peas exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was taken by Hungary (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+17.4% per year) and Hungary (+18.2% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for cow peas (dry) exports from Germany, comprising 36% of total exports. The second position in the ranking was held by Austria ($X), with an 11% share of total exports. It was followed by Italy, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+5.2% per year) and Italy (+7.0% per year).

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, declining by -28.7% against the previous year. Over the period under review, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cow Peas Imports

Imports into Germany

In 2022, imports of cow peas (dry) into Germany expanded remarkably to X tons, surging by 10% on the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cow peas imports soared to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.8% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Kyrgyzstan (X tons), France (X tons) and Belgium (X tons) were the main suppliers of cow peas imports to Germany, with a combined 41% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +68.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Kyrgyzstan ($X) and the Netherlands ($X) constituted the largest cow peas suppliers to Germany, with a combined 49% share of total imports. Argentina, Turkey, Belgium, Canada, China, Poland, Vietnam, Brazil, the United States and Spain lagged somewhat behind, together accounting for a further 40%.

Belgium, with a CAGR of +59.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, picking up by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 France ($X per ton), while the price for Belgium ($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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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