Report Latin America and the Caribbean - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Latin America and the Caribbean - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Cow Peas Market 2022

Cow Peas Market Size in Latin America and the Caribbean

In 2021, after two years of growth, there was significant decline in the Latin American cow peas market, when its value decreased by -X% to $X. Over the period under review, consumption showed a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Cow Peas Production in Latin America and the Caribbean

In value terms, cow peas production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Brazil (X tons) constituted the country with the largest volume of cow peas production, accounting for X% of total volume. Moreover, cow peas production in Brazil exceeded the figures recorded by the second-largest producer, Haiti (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume in Brazil was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Haiti (-X% per year) and Peru (-X% per year).

In 2021, the average cow peas yield in Latin America and the Caribbean expanded slightly to X tons per ha, increasing by X% on 2020 figures. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the cow peas yield hit record highs in 2021 and is likely to see steady growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of cow peas (dry) were harvested in Latin America and the Caribbean; remaining stable against the year before. Over the period under review, the harvested area saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cow peas production attained the peak figure at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Cow Peas Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of cow peas (dry) were finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, cow peas exports soared to $X in 2021. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Brazil was the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Peru (X tons), generating an X% share of total exports.

Brazil was also the fastest-growing in terms of the cow peas (dry) exports, with a CAGR of +X% from 2012 to 2021. Peru (-X%) illustrated a downward trend over the same period. Brazil (+X p.p.) significantly strengthened its position in terms of the total exports, while Peru saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Brazil ($X) remains the largest cow peas supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports.

In Brazil, cow peas exports expanded at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Peru ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+X%).

Cow Peas Imports

Imports in Latin America and the Caribbean

Cow peas imports fell to X tons in 2021, reducing by -X% against 2020 figures. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cow peas imports dropped significantly to $X in 2021. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Colombia was the largest importing country with an import of around X tons, which reached X% of total imports. Panama (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Curacao (X%). Jamaica (X tons), Cuba (X tons) and the Dominican Republic (X tons) took a minor share of total imports.

Imports into Colombia decreased at an average annual rate of -X% from 2012 to 2021. At the same time, the Dominican Republic (+X%), Curacao (+X%) and Jamaica (+X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, Panama (-X%) and Cuba (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Panama, Curacao, Jamaica and the Dominican Republic increased by +X, +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) constitutes the largest market for imported cow peas (dry) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Panama ($X), with an X% share of total imports. It was followed by Curacao, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Colombia totaled -X%. In the other countries, the average annual rates were as follows: Panama (-X% per year) and Curacao (+X% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, falling by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2020, and then declined slightly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Cuba ($X per ton), while Curacao ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Curacao (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cow peas (dry) in LatAmerica and the Caribbean?
+
The country with the largest volume of cow peas consumption was Haiti, comprising approx. 62% of total volume. Moreover, cow peas consumption in Haiti exceeded the figures recorded by the second-largest consumer, Peru, threefold. Brazil ranked third in terms of total consumption with a 7.4% share.
What are the largest producers of cow peas (dry) in LatAmerica and the Caribbean?
+
Brazil constituted the country with the largest volume of cow peas production, comprising approx. 59% of total volume. Moreover, cow peas production in Brazil exceeded the figures recorded by the second-largest producer, Haiti, twofold.
What are the leading suppliers of cow peas (dry) in LatAmerica and the Caribbean?
+
In value terms, Brazil remains the largest cow peas supplier in Latin America and the Caribbean, comprising 85% of total exports. The second position in the ranking was held by Peru, with a 14% share of total exports.
What are the leading importers of cow peas (dry) in LatAmerica and the Caribbean?
+
In value terms, Colombia constitutes the largest market for imported cow peas dry) in Latin America and the Caribbean, comprising 61% of total imports. The second position in the ranking was held by Panama, with an 18% share of total imports. It was followed by Curacao, with a 4.9% share.
What is the average export price for cow peas (dry) in LatAmerica and the Caribbean?
+
The export price in Latin America and the Caribbean stood at $872 per ton in 2021, rising by 18% against the previous year.
What is the average import price for cow peas (dry) in LatAmerica and the Caribbean?
+
The import price in Latin America and the Caribbean stood at $1,161 per ton in 2021, which is down by -3.5% against the previous year.

This report provides an in-depth analysis of the cow peas market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 195 - Cow peas, dry
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Harvested Area, By Country, 2012–2021
Table 7:
Yield, By Country, 2012–2021
Table 8:
Imports, In Physical Terms, By Country, 2012–2021
Table 9:
Imports, In Value Terms, By Country, 2012–2021
Table 10:
Import Prices, By Country Of Destination, 2012–2021
Table 11:
Exports, In Physical Terms, By Country, 2012–2021
Table 12:
Exports, In Value Terms, By Country, 2012–2021
Table 13:
Export Prices, By Country Of Origin, 2012–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2021
Figure 18:
Production, In Value Terms, 2012–2021
Figure 19:
Area Harvested, 2012–2021
Figure 20:
Yield, 2012–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2012–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2012–2021
Figure 25:
Yield, By Country, 2012–2021
Figure 26:
Imports, In Physical Terms, 2012–2021
Figure 27:
Imports, In Value Terms, 2012–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2012–2021
Figure 30:
Imports, In Value Terms, By Country, 2012–2021
Figure 31:
Import Prices, By Country, 2012–2021
Figure 32:
Exports, In Physical Terms, 2012–2021
Figure 33:
Exports, In Value Terms, 2012–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2012–2021
Figure 36:
Exports, In Value Terms, By Country, 2012–2021
Figure 37:
Export Prices, 2012–2021
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