EU: Cow Peas Market 2024

Cow Peas Market Size in the EU

The EU cow peas market fell to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Cow Peas Production in the EU

In value terms, cow peas production rose modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Croatia (X tons), Latvia (X tons) and Poland (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average cow peas yield fell dramatically to X tons per ha in 2022, with a decrease of X% on the previous year. Over the period under review, the yield continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the 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 2022, the cow peas harvested area in the European Union rose modestly to X ha, with an increase of X% against the previous year. The total harvested area indicated noticeable growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2017 to 2022, the growth of the cow peas harvested area remained at a somewhat lower figure.

Cow Peas Exports

Exports in the EU

In 2022, shipments abroad of cow peas (dry) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced remarkably in the following year.

In value terms, cow peas exports shrank markedly to $X in 2022. Over the period under review, exports, however, posted noticeable growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced markedly in the following year.

Exports by Country

In 2022, Latvia (X tons) and Belgium (X tons) were the key exporters of cow peas (dry) in the European Union, together accounting for approx. X% of total exports. Spain (X tons) ranks next in terms of the total exports with a X% share, followed by Germany (X%), France (X%) and the Netherlands (X%). Poland (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cow peas supplying countries in the European Union were Belgium ($X), Spain ($X) and the Netherlands ($X), together comprising X% of total exports. France, Germany, Latvia and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price 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 export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Latvia ($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 Netherlands (X%), while the other leaders experienced mixed trends in the export price figures.

Cow Peas Imports

Imports in the EU

In 2022, imports of cow peas (dry) in the European Union contracted markedly to X tons, with a decrease of X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cow peas imports dropped to $X in 2022. Total imports indicated a modest 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. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), Italy (X tons), France (X tons), Germany (X tons), Spain (X tons), Greece (X tons) and the Netherlands (X tons) represented roughly X% of total imports in 2022. Hungary (X tons), Austria (X tons), Portugal (X tons), Croatia (X tons), Cyprus (X tons) and Slovenia (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Croatia (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 European Union were Germany ($X), Belgium ($X) and Italy ($X), with a combined X% share of total imports. Spain, France, Greece, the Netherlands, Austria, Hungary, Portugal, Slovenia, Cyprus and Croatia lagged somewhat behind, together comprising a further X%.

Croatia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 European Union amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Austria ($X per ton), while Croatia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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