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South Africa - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouth Africa's Cow Peas Export Sees Modest Decline to $2.2M in 2023
South Africa Cow Peas Exports
In 2023, after two years of growth, there was significant decline in shipments abroad of cow peas (dry), when their volume decreased by -27.2% to 1.1K tons. Overall, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 390% against the previous year. The exports peaked at 1.4K tons in 2022, and then plummeted in the following year.
In value terms, cow peas exports declined dramatically to $2.2M (IndexBox estimates) in 2023. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 299% against the previous year. Over the period under review, the exports attained the peak figure at $2.6M in 2022, and then contracted significantly in the following year.
COUNTRY | Export Value of Cow Peas in South Africa (thousand USD) | ||||||||||
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2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Zimbabwe | N/A | N/A | 0.3 | N/A | N/A | 92.7 | 32.9 | N/A | 0.4 | 1,410 | 1,504 |
Mozambique | 3.2 | 81.2 | 5.1 | 104 | 1.9 | 3.9 | 448 | 229 | 458 | 577 | 578 |
Botswana | 280 | 691 | 295 | 419 | 450 | 151 | 498 | 376 | 390 | 54.9 | 84.2 |
Swaziland | 0.8 | 82.0 | 4.6 | 7.0 | 80.3 | 26.0 | 1.6 | 2.9 | 9.4 | 16.8 | 5.8 |
Lesotho | 0.1 | 1.8 | 3.0 | 84.5 | 1.0 | 5.2 | 64.4 | 38.4 | 152 | 0.6 | 0.6 |
Italy | N/A | N/A | 18.2 | 26.1 | 39.0 | N/A | 11.7 | 14.9 | 94.2 | N/A | N/A |
Angola | N/A | N/A | 72.7 | 72.7 | N/A | N/A | 48.2 | N/A | N/A | 436 | N/A |
Others | 29.8 | 4.1 | 121 | 2.2 | 58.7 | 8.9 | 42.8 | 35.1 | -16.5 | 83.0 | 2.5 |
Total | 314 | 860 | 520 | 715 | 631 | 287 | 1,147 | 695 | 1,088 | 2,578 | 2,175 |
Exports by Country
Zimbabwe (657 tons) was the main destination for cow peas exports from South Africa, with a 62% share of total exports. Moreover, cow peas exports to Zimbabwe exceeded the volume sent to the second major destination, Mozambique (306 tons), twofold. The third position in this ranking was taken by Botswana (80 tons), with a 7.6% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Zimbabwe totaled +235.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+51.6% per year) and Botswana (-11.8% per year).
In value terms, Zimbabwe ($1.5M) remains the key foreign market for cow peas (dry) exports from South Africa, comprising 69% of total exports. The second position in the ranking was taken by Mozambique ($578K), with a 27% share of total exports. It was followed by Botswana, with a 3.9% share.
From 2013 to 2023, the average annual growth rate of value to Zimbabwe stood at +187.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+68.2% per year) and Botswana (-11.3% per year).
Export Prices by Country
In 2023, the cow peas price amounted to $2,068 per ton (FOB, South Africa), increasing by 16% against the previous year. Over the period under review, export price indicated a resilient increase from 2013 to 2023: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cow peas export price increased by +94.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($2,289 per ton), while the average price for exports to Namibia ($972 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the cow peas market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023