Global Cow Peas Market 2024

Cow Peas Market Size

The global cow peas market totaled $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, continues to indicate a slight curtailment. Over the period under review, the global market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production

In value terms, cow peas production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, global production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Niger (X tons) and Burkina Faso (X tons), together accounting for X% of global production. Ghana, Uganda, Mali, Canada, Uzbekistan, Sudan, the United States and Cameroon lagged somewhat behind, together accounting for a further X%.

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

In 2022, the global average cow peas yield was estimated at X kg per ha, with an increase of X% against the previous year's figure. In general, the yield, however, saw a mild decrease. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. The global yield peaked at X kg per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. 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 worldwide rose modestly to X ha, growing by X% against 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X%. The global harvested area peaked in 2022 and is expected to retain growth in the immediate term.

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Cow Peas Exports

Exports

In 2022, global exports of cow peas (dry) contracted to X tons, with a decrease of X% on the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, cow peas exports reduced modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the global exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, Canada (X tons), Uzbekistan (X tons) and the United States (X tons) represented the main exporter of cow peas (dry) in the world, generating X% of total export. It was distantly followed by Madagascar (X tons) and Uganda (X tons), together constituting a X% share of total exports. Myanmar (X tons) and Tanzania (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 leading exporting countries, was attained by Myanmar (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, Canada ($X), the United States ($X) and Uzbekistan ($X) were the countries with the highest levels of exports in 2022, together comprising X% of global exports. Madagascar, Uganda, Myanmar and Tanzania lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, leveling off at the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (X%), while the other global leaders experienced mixed trends in the export price figures.

Cow Peas Imports

Imports

In 2022, global imports of cow peas (dry) reduced to X tons, waning by X% compared with the year before. In general, imports showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of global imports failed to regain momentum.

In value terms, cow peas imports dropped to $X in 2022. Over the period under review, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States represented the main importing country with an import of around X tons, which recorded X% of total imports. Japan (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by the Dominican Republic (X%), Mexico (X%), Pakistan (X%), Afghanistan (X%) and India (X%). The following importers - Haiti (X tons), Rwanda (X tons), Canada (X tons) and China (X tons) - together made up X% of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%), Rwanda (X%), Haiti (X%), Japan (X%), Pakistan (X%) and the Dominican Republic (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Afghanistan (X%), Canada (X%), Mexico (X%) and India (X%) illustrated a downward trend over the same period. The United States (X p.p.), Japan (X p.p.), the Dominican Republic (X p.p.), Pakistan (X p.p.), Rwanda (X p.p.), Haiti (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the global imports, while Mexico and India saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in the United States amounted to 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 ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. Global import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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