Global Cow Peas Market Overview 2021

Cow Peas Market Size

The global cow peas market amounted to $X in 2020, increasing by X% against the previous year. In general, the total consumption indicated a strong increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, the global market reached the peak level in 2020 and is expected to retain growth in the immediate term.

Cow Peas Production

In value terms, cow peas production surged to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Global production peaked in 2020 and is expected to retain growth in the immediate term.

The countries with the highest volumes of cow peas production in 2020 were Nigeria (X tonnes), Niger (X tonnes) and Burkina Faso (X tonnes), with a combined X% share of global production. These countries were followed by Ethiopia, Kenya, Mali, the U.S., Cameroon, Senegal, Canada, Ghana, Sudan and Uganda, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of cow peas production, amongst the leading producing countries, was attained by Sudan, while cow peas production for the other global leaders experienced more modest paces of growth.

The global average cow peas yield stood at X kg per ha in 2020, picking up by X% compared with 2019. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when the yield increased by X% y-o-y. As a result, the yield reached the peak level of X kg per ha. from 2013 to 2020, 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 2020, the global cow peas harvested area stood at X ha, almost unchanged from the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The global harvested area peaked at X ha in 2017; afterwards, it flattened through to 2020.

Production By Country

The countries with the highest volumes of cow peas production in 2020 were Nigeria (X tonnes), Niger (X tonnes) and Burkina Faso (X tonnes), with a combined X% share of global production. Ethiopia, Kenya, Mali, the U.S., Cameroon, Senegal, Canada, Ghana, Sudan and Uganda lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Sudan, while cow peas production for the other global leaders experienced more modest paces of growth.

Cow Peas Exports

Exports

In 2020, after three years of decline, there was growth in overseas shipments of cow peas (dry), when their volume increased by X% to X tonnes. Overall, exports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, global exports reached the maximum at X tonnes in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, cow peas exports expanded significantly to $X in 2020. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Global exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) and the U.S. (X tonnes) were the key exporters of cow peas (dry) in 2020, resulting at near X% and X% of total exports, respectively. It was distantly followed by Madagascar (X tonnes), generating a X% share of total exports. The following exporters - Afghanistan (X tonnes), Tanzania (X tonnes), Uganda (X tonnes), Brazil (X tonnes), India (X tonnes), China (X tonnes), South Africa (X tonnes) and Ethiopia (X tonnes) - together made up X% of total exports.

From 2007 to 2020, the biggest increases were in Afghanistan, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest cow peas supplying countries worldwide were Canada ($X), the U.S. ($X) and China ($X), together accounting for X% of global exports. These countries were followed by India, Afghanistan, Madagascar, Brazil, Tanzania, Uganda, South Africa and Ethiopia, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average cow peas export price amounted to $X per tonne, rising by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per tonne), while Madagascar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Cow Peas Imports

Imports

In 2020, purchases abroad of cow peas (dry) increased by X% to X tonnes for the first time since 2017, thus ending a two-year declining trend. In general, imports, however, showed a relatively flat trend pattern. Global imports peaked at X tonnes in 2009; however, from 2010 to 2020, imports remained at a lower figure.

In value terms, cow peas imports soared to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global imports hit record highs at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes), distantly followed by Mexico (X tonnes), Pakistan (X tonnes), the Dominican Republic (X tonnes) and Afghanistan (X tonnes) were the largest importers of cow peas (dry), together achieving X% of total imports. The following importers - Haiti (X tonnes), Angola (X tonnes), India (X tonnes), Canada (X tonnes), Turkey (X tonnes), Japan (X tonnes) and Viet Nam (X tonnes) - together made up X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Viet Nam, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported cow peas (dry) worldwide, comprising X% of global imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global imports. It was followed by the Dominican Republic, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and the Dominican Republic (+X% per year).

Import Prices by Country

The average cow peas import price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. Over the period under review, average import prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Haiti, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform