Ireland: Cow Peas Market 2024

Cow Peas Market Size in Ireland

The Irish cow peas market plummeted to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cow Peas Production in Ireland

In value terms, cow peas production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a sharp contraction. The most prominent rate of growth was recorded in 2013 with a decrease of X% against the previous year. Cow peas production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of cow peas (dry) in Ireland was estimated at less than X kg per ha, therefore, remained relatively stable against the previous year. Over the period under review, the yield showed 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.

The cow peas harvested area in Ireland totaled less than X ha in 2022, stabilizing at 2021. In general, the harvested area showed a relatively flat trend pattern.

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Cow Peas Exports

Exports from Ireland

In 2022, overseas shipments of cow peas (dry) decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, exports faced a precipitous decline. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cow peas exports dropped remarkably to $X in 2022. Overall, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2018 when exports increased by X%. 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

The UK (X tons) was the main destination for cow peas exports from Ireland, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to X%.

In value terms, the UK ($X) also remains the key foreign market for cow peas (dry) exports from Ireland.

From 2012 to 2022, the average annual growth rate of value to the UK stood at X%.

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, export price indicated a notable 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. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then declined significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to X% per year.

Cow Peas Imports

Imports into Ireland

For the fourth consecutive year, Ireland recorded decline in overseas purchases of cow peas (dry), which decreased by X% to X tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cow peas imports shrank markedly to $X in 2022. In general, imports, however, showed notable growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest cow peas supplier to Ireland, accounting for a X% share of total imports. Moreover, cow peas imports from Italy exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and China (X% per year).

In value terms, Italy ($X), China ($X) and Canada ($X) constituted the largest cow peas suppliers to Ireland, together accounting for X% of total imports.

Canada, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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, with an increase of X% against the previous year. In general, import price indicated a pronounced 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 import price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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