World - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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The global cow peas market is projected to see an increase in consumption and market value over the next eight years, with a forecasted CAGR of +1.9% in volume and +3.8% in value from 2022 to 2030. In 2022, approximately 10M tons of cow peas were consumed worldwide, with Nigeria, Niger, and Burkina Faso being the top consuming countries. Global production of cow peas reached 10M tons in 2022, with Nigeria, Niger, and Burkina Faso leading in production. Imports and exports of cow peas also saw fluctuations in volumes and prices over the analyzed period. The article provides detailed insights into consumption patterns, production trends, import-export dynamics, and price fluctuations in the global cow peas market.
Market Forecast
Driven by increasing demand for cow peas (dry) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 12M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market value to $23.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Cow Peas (Dry)
In 2022, approx. 10M tons of cow peas (dry) were consumed worldwide; with an increase of 16% compared with 2021. The total consumption volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption reached the peak volume in 2022 and is expected to retain growth in years to come.
The global cow peas market size reached $17.7B in 2022, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a mild shrinkage. Global consumption peaked at $22.5B in 2013; however, from 2014 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Nigeria (4.1M tons), Niger (2.9M tons) and Burkina Faso (829K tons), together accounting for 75% of global consumption. Ghana, Mali, Kenya, Sudan and Cameroon lagged somewhat behind, together accounting for a further 11%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Sudan (with a CAGR of +19.1%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Nigeria ($13.8B) led the market, alone. The second position in the ranking was held by Niger ($1.2B). It was followed by Burkina Faso.
From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to -2.2%. The remaining consuming countries recorded the following average annual rates of market growth: Niger (+8.6% per year) and Burkina Faso (+2.2% per year).
In 2022, the highest levels of cow peas per capita consumption was registered in Niger (110 kg per person), followed by Burkina Faso (38 kg per person), Nigeria (19 kg per person) and Mali (12 kg per person), while the world average per capita consumption of cow peas was estimated at 1.3 kg per person.
From 2012 to 2022, the average annual growth rate of the cow peas per capita consumption in Niger stood at +3.9%. In the other countries, the average annual rates were as follows: Burkina Faso (+0.4% per year) and Nigeria (-4.7% per year).
Production
World Production of Cow Peas (Dry)
In 2022, global production of cow peas (dry) totaled 10M tons, picking up by 13% against the previous year. The total output volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 27% against the previous year. Global production peaked in 2022 and is expected to retain growth in the near future. The general positive trend in terms output was largely conditioned by a mild expansion of the harvested area and a slight decline in yield figures.
In value terms, cow peas production shrank to $6.7B in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 2,553% against the previous year. As a result, production attained the peak level of $185.6B. From 2014 to 2022, global production growth remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were Nigeria (4.1M tons), Niger (2.9M tons) and Burkina Faso (829K tons), with a combined 75% share of global production. Ghana, Mali, Canada, Sudan, Cameroon and the United States lagged somewhat behind, together comprising a further 13%.
From 2012 to 2022, the biggest increases were recorded for Sudan (with a CAGR of +19.1%), while production for the other global leaders experienced more modest paces of growth.
Yield
In 2022, the global average yield of cow peas (dry) stood at 687 kg per ha, surging by 9.1% compared with 2021 figures. In general, the yield, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 when the yield increased by 12%. Over the period under review, the average cow peas yield hit record highs at 791 kg per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure.
Harvested Area
The global cow peas harvested area rose to 15M ha in 2022, picking up by 3.8% against the year before. The harvested area increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2016 when the harvested area increased by 13%. The global harvested area peaked in 2022 and is likely to see gradual growth in the near future.
Imports
World Imports of Cow Peas (Dry)
Global cow peas imports rose markedly to 542K tons in 2022, increasing by 12% compared with the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 37% against the previous year. As a result, imports attained the peak of 697K tons. From 2018 to 2022, the growth of global imports remained at a somewhat lower figure.
In value terms, cow peas imports reached $486M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 37%. Over the period under review, global imports hit record highs at $494M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
Imports By Country
In 2022, the United States (126K tons), distantly followed by Kenya (63K tons), the Dominican Republic (37K tons), Afghanistan (30K tons) and Pakistan (30K tons) were the key importers of cow peas (dry), together creating 53% of total imports. Vietnam (24K tons), India (23K tons), Japan (17K tons), Rwanda (16K tons), Canada (16K tons), Angola (15K tons) and China (11K tons) held a little share of total imports.
From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +135.2%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($146M) constitutes the largest market for imported cow peas (dry) worldwide, comprising 30% of global imports. The second position in the ranking was held by the Dominican Republic ($41M), with an 8.3% share of global imports. It was followed by Japan, with a 4.5% share.
In the United States, cow peas imports expanded at an average annual rate of +2.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Dominican Republic (+2.4% per year) and Japan (-0.6% per year).
Import Prices By Country
In 2022, the average cow peas import price amounted to $898 per ton, falling by -3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 30%. Over the period under review, average import prices reached the maximum at $930 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Japan ($1,289 per ton), while Rwanda ($220 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+6.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Cow Peas (Dry)
After two years of growth, overseas shipments of cow peas (dry) decreased by -21.9% to 570K tons in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 40% against the previous year. As a result, the exports attained the peak of 836K tons. From 2018 to 2022, the growth of the global exports remained at a lower figure.
In value terms, cow peas exports reduced to $584M in 2022. The total export value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 23% against the previous year. Over the period under review, the global exports reached the peak figure at $628M in 2021, and then shrank in the following year.
Exports By Country
Canada (170K tons) and the United States (139K tons) represented roughly 54% of total exports in 2022. It was distantly followed by Uzbekistan (69K tons), Madagascar (41K tons) and Afghanistan (29K tons), together generating a 24% share of total exports. Myanmar (21K tons), Tanzania (16K tons), Peru (10K tons), the UK (9.9K tons) and Uganda (9K tons) held a minor 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 Myanmar (with a CAGR of +113.6%), while the other global leaders experienced more modest paces of growth.
In value terms, Canada ($181M), the United States ($155M) and Uzbekistan ($109M) were the countries with the highest levels of exports in 2022, together accounting for 76% of global exports. Afghanistan, Madagascar, Peru, Myanmar, Tanzania, the UK and Uganda lagged somewhat behind, together comprising a further 14%.
Among the main exporting countries, Myanmar, with a CAGR of +102.4%, recorded 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
The average cow peas export price stood at $1,025 per ton in 2022, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 28%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($1,609 per ton), while Uganda ($233 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+14.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global cow peas market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 195 - Cow peas, dry
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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Global cow peas consumption amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
In 2015, the countries with the highest levels of cow peas production were Niger (X thousand tons), Nigeria (X thousand tons), Burkina Faso (X thousand tons), together accounting for X% of total output.
Despite a miserable 2014 in cow pea exports, the U.S. hung on to be one of the leaders in the global cow pea trade. In 2014, the U.S. exported X thousand tons of cow peas totaling X thousand USD, X% under the previous year. Its primary trading p
Global dry bean exports amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
Global dry bean imports amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
In 2015, the countries with the highest levels of production in 2015 were Myanmar (X thousand tons), India (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
Despite plummeting exports in 2014, China continued to lead the way in the global dry bean trade. In 2014, China exported X thousand tons of dry beans totaling X million USD, X% under the previous year. Its primary trading partner was Italy, whe
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