Northern America: Cow Peas Market 2024

Cow Peas Market Size in Northern America

The North American cow peas market expanded rapidly to $X in 2022, with an increase of X% against the previous year. Overall, consumption enjoyed a buoyant expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cow Peas Production in Northern America

In value terms, cow peas production stood at $X in 2022 estimated in export price. The total production indicated a noticeable expansion 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 most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The United States (X tons) remains the largest cow peas producing country in Northern America, comprising approx. X% of total volume.

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

In 2022, the average yield of cow peas (dry) in Northern America dropped to X tons per ha, approximately mirroring 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cow peas (dry) production in Northern America rose markedly to X ha, increasing by X% on the year before. In general, the harvested area, however, showed a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

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Cow Peas Exports

Exports in Northern America

For the fourth year in a row, Northern America recorded decline in overseas shipments of cow peas (dry), which decreased by X% to X tons in 2022. Over the period under review, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2016 with an increase of 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 fell significantly to $X in 2022. In general, exports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United States (X tons) represented the key exporter of cow peas (dry), constituting X% of total exports. It was distantly followed by Canada (X tons), mixing up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cow peas exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest cow peas supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, cow peas exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price showed strong growth. The pace of growth was the most pronounced in 2019 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Cow Peas Imports

Imports in Northern America

After two years of decline, supplies from abroad of cow peas (dry) increased by X% to X tons in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, cow peas imports rose remarkably to $X in 2022. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the major importer of cow peas (dry), making up X% of total imports. It was distantly followed by Canada (X tons), comprising a X% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of cow peas (dry). At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported cow peas (dry) in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, cow peas imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, standing approx. at the previous year. Overall, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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