Mexico: Cow Peas Market 2022

Cow Peas Market Size in Mexico

The Mexican cow peas market declined to $X in 2021, dropping 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). In general, consumption saw a abrupt shrinkage. Cow peas consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cow Peas Exports

Exports from Mexico

In 2021, shipments abroad of cow peas (dry) decreased by -X% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports showed a significant contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cow peas exports declined remarkably to $X in 2021. In general, exports continue to indicate a sharp shrinkage. The smallest decline of -X% was in 2016. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) and Cuba (X tons) were the main destinations of cow peas exports from Mexico.

From 2012 to 2021, the biggest increases were in Cuba (with a CAGR of -X value terms, the largest markets for cow peas exported from Mexico were the United States ($X) and Cuba ($X, with a CAGR of -X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average cow peas export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, showed a noticeable descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Cuba ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+X%).

Cow Peas Imports

Imports into Mexico

Cow peas imports into Mexico dropped to X tons in 2021, with a decrease of -X% against the previous year. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cow peas imports declined to $X in 2021. Over the period under review, imports saw a abrupt slump. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest cow peas supplier to Mexico, accounting for a X% share of total imports. Moreover, cow peas imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -X%.

In value terms, the United States ($X) constituted the largest supplier of cow peas to Mexico, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -X%.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2021, reducing by -X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Canada amounted to $X per ton.

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

Source: IndexBox Market Intelligence Platform

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