Middle East: Cow Peas Market 2024

Cow Peas Market Size in the Middle East

The Middle Eastern cow peas market was estimated at $X in 2022, approximately equating the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value 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, consumption increased by X% against 2018 indices. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cow Peas Production in the Middle East

In value terms, cow peas production expanded to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of cow peas production was Yemen (X tons), comprising approx. X% of total volume. Moreover, cow peas production in Yemen exceeded the figures recorded by the second-largest producer, the United Arab Emirates (X tons), more than tenfold.

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

The average cow peas yield totaled X tons per ha in 2022, picking up by X% on the year before. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the yield increased by X%. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cow peas harvested area in the Middle East expanded slightly to X ha, with an increase of X% against the previous year. The total harvested area indicated a pronounced increase from 2012 to 2022: its figure 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 harvested area increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of harvested area peaked in 2022 and is expected to retain growth in the near future.

Cow Peas Exports

Exports in the Middle East

In 2022, overseas shipments of cow peas (dry) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cow peas exports soared to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. Lebanon (X tons), Syrian Arab Republic (X tons), Iran (X tons), Israel (X tons) and Turkey (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Lebanon (X%), Iran (X%) and Turkey (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Israel (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Iran (X p.p.), Lebanon (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest cow peas supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Lebanon ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In the United Arab Emirates, cow peas exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lebanon (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Cow Peas Imports

Imports in the Middle East

In 2022, the amount of cow peas (dry) imported in the Middle East declined to X tons, dropping by X% compared with 2021 figures. In general, imports saw a pronounced shrinkage. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cow peas imports shrank to $X in 2022. Overall, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Iran (X tons), Iraq (X tons) and Yemen (X tons) represented the main importers of cow peas (dry), together committing X% of total imports. The following importers - Lebanon (X tons), Qatar (X tons), Israel (X tons) and Jordan (X tons) - together made up X% of total imports.

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

In value terms, the largest cow peas importing markets in the Middle East were the United Arab Emirates ($X), Iran ($X) and Iraq ($X), with a combined X% share of total imports.

Among the main importing countries, Iraq, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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