Mexico: Cow Peas Market Overview 2021

Cow Peas Market Size in Mexico

The Mexican cow peas market fell slightly to $X in 2019, approximately reflecting 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, however, continues to indicate noticeable growth. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Cow Peas Exports

Exports from Mexico

In 2019, overseas shipments of cow peas (dry) decreased by -X% to X tonnes, falling for the second consecutive year after four years of growth. Over the period under review, exports recorded a precipitous contraction. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Exports peaked at X tonnes in 2008; however, from 2009 to 2019, exports remained at a lower figure.

In value terms, cow peas exports fell remarkably to $X in 2019. In general, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

The U.S. (X tonnes) was the main destination for cow peas exports from Mexico, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. totaled -X%.

In value terms, the U.S. ($X) also remains the key foreign market for cow peas exports from Mexico.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. totaled -X%.

Export Prices by Country

In 2019, the average cow peas export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price recorded a perceptible expansion. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Cow Peas Imports

Imports into Mexico

For the third consecutive year, Mexico recorded decline in purchases abroad of cow peas (dry), which decreased by -X% to X tonnes in 2019. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2010 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, cow peas imports dropped to $X in 2019. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest cow peas supplier to Mexico, accounting for a X% share of total imports. Moreover, cow peas imports from the U.S. exceeded the figures recorded by the second-largest supplier, Canada (X tonnes), sevenfold.

From 2007 to 2019, the average annual growth rate of volume from the U.S. stood at -X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. was relatively modest.

Import Prices by Country

The average cow peas import price stood at $X per tonne in 2019, remaining relatively unchanged against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2012 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Canada amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cow peas (dry) in the world?

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The countries with the highest volumes of cow peas consumption in 2019 were Nigeria (3.6M tonnes), Niger (2.4M tonnes) and Burkina Faso (651K tonnes), together comprising 71% of global consumption. These countries were followed by Ethiopia, Kenya, Mali, Cameroon, Ghana, Senegal and Sudan, which together accounted for a further 17%.

What are the largest producers of cow peas (dry) in the world?

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The countries with the highest volumes of cow peas production in 2019 were Nigeria (3.6M tonnes), Niger (2.4M tonnes) and Burkina Faso (652K tonnes), together comprising 69% of global production. These countries were followed by Ethiopia, Kenya, the U.S., Mali, Cameroon, Ghana, Senegal, Uganda, Canada and Sudan, which together accounted for a further 23%.

What are the leading suppliers of cow peas (dry) to Mexico?

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In value terms, the U.S. ($42M) constituted the largest supplier of cow peas to Mexico, comprising 87% of total imports. The second position in the ranking was occupied by Canada ($6.3M), with a 13% share of total imports.

What are the leading importers of cow peas (dry) from Mexico?

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In value terms, the U.S. ($90K) remains the key foreign market for cow peas exports from Mexico.

What is the average export price for cow peas (dry) in Mexico?

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The average cow peas export price stood at $1,403 per tonne in 2019, surging by 18% against the previous year.

What is the average import price for cow peas (dry) in Mexico?

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In 2019, the average cow peas import price amounted to $762 per tonne, remaining constant against the previous year.