Europe: Cow Peas Market 2024

Cow Peas Market Size in Europe

The Europe cow peas market reduced to $X in 2022, declining by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Cow Peas Production in Europe

In value terms, cow peas production expanded to $X in 2022 estimated in export price. Overall, production recorded a noticeable setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The UK (X tons) constituted the country with the largest volume of cow peas production, comprising approx. X% of total volume. Moreover, cow peas production in the UK exceeded the figures recorded by the second-largest producer, Serbia (X tons), twofold. The third position in this ranking was held by North Macedonia (X tons), with an X% share.

In the UK, cow peas production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Serbia (X% per year) and North Macedonia (X% per year).

In 2022, the average cow peas yield in Europe fell to X tons per ha, which is down by X% compared with the previous year's figure. In general, the yield recorded a slight decline. The pace of growth was the most pronounced in 2014 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the 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 2022, the total area harvested in terms of cow peas (dry) production in Europe totaled X ha, therefore, remained relatively stable against 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 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 Europe

In 2022, the amount of cow peas (dry) exported in Europe reduced markedly to X tons, with a decrease of X% compared with 2021 figures. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cow peas exports shrank to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Latvia (X tons), the UK (X tons) and Belgium (X tons) was the largest exporter of cow peas (dry) in Europe, achieving X% of total export. Spain (X tons) took the next position in the ranking, followed by Germany (X tons), France (X tons) and the Netherlands (X tons). All these countries together took near X% 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 UK ($X), Belgium ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. The Netherlands, France, Germany and Latvia lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of 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 leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 UK (X%), while the other leaders experienced more modest paces of growth.

Cow Peas Imports

Imports in Europe

In 2022, supplies from abroad of cow peas (dry) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cow peas imports reduced slightly to $X in 2022. Total imports indicated modest growth 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, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons), the UK (X tons), Italy (X tons), France (X tons), Germany (X tons), Spain (X tons), Greece (X tons), Russia (X tons) and the Netherlands (X tons) represented roughly X% of total imports in 2022.

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

In value terms, the UK ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Italy, Spain, France, Greece, the Netherlands and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Greece, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, import prices hit record highs 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 Germany ($X per ton), while Russia ($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 UK (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :