U.S.: Cow Peas Market 2022

Cow Peas Market Size in the U.S.

The U.S. cow peas market contracted to $X in 2021, reducing by -X% against the previous year. Over the period under review, consumption, however, showed buoyant growth. Cow peas consumption peaked at $X in 2020, and then shrank modestly in the following year.

Cow Peas Production in the U.S.

In value terms, cow peas production declined sharply to $X in 2021. Over the period under review, production, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

The average yield of cow peas (dry) in the United States expanded slightly to X tonnes per ha in 2021, with an increase of X% compared with the previous year's figure. In general, the yield posted a strong increase. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tonnes per ha. From 2020 to 2021, the growth of the average cow peas yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of cow peas (dry) production in the United States dropped slightly to X ha, which is down by -X% against the year before. Overall, the harvested area showed a abrupt descent. The pace of growth was the most pronounced in 2020 when the harvested area increased by X% y-o-y. The cow peas harvested area peaked at X ha in 2013; however, from 2014 to 2021, the harvested area failed to regain momentum.

Cow Peas Exports

Exports from the U.S.

In 2021, cow peas exports from the United States expanded to X tonnes, surging by X% on 2020. Overall, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, the exports reached the peak figure at X tonnes in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cow peas exports reached $X in 2021. In general, exports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tonnes) was the main destination for cow peas exports from the United States, with a X% share of total exports. Moreover, cow peas exports to Mexico exceeded the volume sent to the second major destination, the Dominican Republic (X tonnes), threefold. The third position in this ranking was occupied by Costa Rica (X tonnes), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+X% per year) and Costa Rica (+X% per year).

In value terms, Mexico ($X) remains the key foreign market for cow peas exports from the United States, comprising X% of total exports. The second position in the ranking was occupied by the Dominican Republic ($X), with a X% share of total exports. It was followed by Canada, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-X% per year) and Canada (-X% per year).

Export Prices by Country

The average cow peas export price stood at $X per tonne in 2021, approximately mirroring the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Canada ($X per tonne), while the average price for exports to El Salvador ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into the U.S.

In 2021, imports of cow peas (dry) into the United States dropped to X tonnes, with a decrease of -X% on 2020 figures. Overall, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes, and then shrank in the following year.

In value terms, cow peas imports contracted slightly to $X in 2021. In general, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by X% year-to-year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2021, Canada (X tonnes) constituted the largest cow peas supplier to the United States, accounting for a X% share of total imports. Moreover, cow peas imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tonnes), sixfold. Peru (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Peru (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Peru (+X% per year).

Import Prices by Country

In 2021, the average cow peas import price amounted to $X per tonne, with an increase of X% against the previous year. In general, the import price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Peru ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform