Germany: Cow Peas Market 2024

Cow Peas Market Size in Germany

In 2022, the German cow peas market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a strong increase. Cow peas consumption peaked at $X in 2021, and then shrank in the following year.

Cow Peas Production in Germany

In value terms, cow peas production amounted to $X in 2022 estimated in export price. In general, production showed a dramatic decrease. The pace of growth was the most pronounced in 2013 with a decrease of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average cow peas yield in Germany amounted to less than X kg per ha, leveling off at 2021 figures. In general, the yield saw a relatively flat trend pattern. 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 Germany totaled less than X ha, standing approx. at the previous year. In general, the harvested area recorded a relatively flat trend pattern.

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Cow Peas Exports

Exports from Germany

In 2022, after two years of growth, there was significant decline in overseas shipments of cow peas (dry), when their volume decreased by X% to X tons. Overall, exports saw a dramatic curtailment. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cow peas exports dropped to $X in 2022. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), the Netherlands (X tons) and Austria (X tons) were the main destinations of cow peas exports from Germany, with a combined X% share of total exports.

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

In value terms, the largest markets for cow peas exported from Germany were the Netherlands ($X), Spain ($X) and Austria ($X), together accounting for X% of total exports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price 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 export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Germany

In 2022, after two years of growth, there was decline in purchases abroad of cow peas (dry), when their volume decreased by X% to X tons. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, cow peas imports dropped notably to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell significantly in the following year.

Imports by Country

The United Arab Emirates (X tons), Madagascar (X tons) and Uzbekistan (X tons) were the main suppliers of cow peas imports to Germany, together accounting for X% of total imports.

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

In value terms, Madagascar ($X), the United Arab Emirates ($X) and Uzbekistan ($X) constituted the largest cow peas suppliers to Germany, together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of 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 ton in 2022, which is down by X% against the previous year. In general, the import price showed a slight decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. 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 the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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