Germany: Cow Peas Market Overview 2021

Cow Peas Market Size in Germany

The German cow peas market surged to $X in 2020, picking up by X% 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). Over the period under review, consumption recorded a resilient expansion. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. Cow peas consumption peaked in 2020 and is likely to see steady growth in the near future.

Cow Peas Exports

Exports from Germany

In 2020, the amount of cow peas (dry) exported from Germany skyrocketed to X tonnes, picking up by X% against 2019. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, cow peas exports skyrocketed to $X in 2020. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes), Belgium (X tonnes) and France (X tonnes) were the main destinations of cow peas exports from Germany, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium, while exports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and France ($X) appeared to be the largest markets for cow peas exported from Germany worldwide, with a combined X% share of total exports.

Among the main countries of destination, Belgium (+X% per year) recorded the highest rates of growth with regard to 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

The average cow peas export price stood at $X per tonne in 2020, growing by X% against the previous year. In general, export price indicated a measured expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cow peas export price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2020, the countries with the highest prices were Switzerland ($X per tonne) and Hungary ($X per tonne), while the average price for exports to Belgium ($X per tonne) and France ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Germany

In 2020, approx. X tonnes of cow peas (dry) were imported into Germany; with an increase of X% on the year before. In general, total imports indicated a moderate expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, cow peas imports skyrocketed to $X in 2020. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tonnes), Kyrgyzstan (X tonnes) and Spain (X tonnes) were the main suppliers of cow peas imports to Germany, together accounting for X% of total imports. The Netherlands, Canada, Poland, Belgium, China, Argentina, Brazil, the UK, Viet Nam and Thailand lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cow peas suppliers to Germany were Turkey ($X), the Netherlands ($X) and Kyrgyzstan ($X), together comprising X% of total imports. These countries were followed by Spain, China, Canada, Argentina, Poland, Belgium, Brazil, the UK, Thailand and Viet Nam, which together accounted for a further X recorded the highest growth rate of 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 tonne in 2020, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform