Peru: Cow Peas Market 2024

Cow Peas Market Size in Peru

The Peruvian cow peas market contracted notably to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cow Peas Production in Peru

In value terms, cow peas production shrank modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Cow peas production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average cow peas yield in Peru contracted to X tons per ha, waning by X% compared with the previous year. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The cow peas yield peaked at X tons per ha in 2021, and then dropped in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cow peas harvested area in Peru reduced remarkably to X ha in 2022, waning by X% compared with 2021 figures. In general, the harvested area continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 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 2022, the harvested area stood at a somewhat lower figure.

Cow Peas Exports

Exports from Peru

In 2022, approx. X tons of cow peas (dry) were exported from Peru; increasing by X% compared with 2021 figures. Over the period under review, exports showed a noticeable increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, cow peas exports soared to $X in 2022. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for cow peas exports from Peru, with a X% share of total exports. Moreover, cow peas exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), fourfold. Spain (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Spain (X% per year).

In value terms, the United States ($X) remains the key foreign market for cow peas (dry) exports from Peru, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Peru

In 2022, cow peas imports into Peru surged to X tons, jumping by X% against the previous year's figure. Over the period under review, imports showed buoyant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cow peas imports soared to $X in 2022. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of cow peas to Peru, accounting for a X% share of total imports. It was followed by Canada (X kg), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%.

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

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

Import Prices by Country

In 2022, the average cow peas import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price recorded a mild descent. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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