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United Kingdom - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCow Peas Price in the UK - 2023
Contents:
- Cow Peas Price in the UK (CIF) - 2023
- Cow Peas Price in the UK (FOB) - 2022
- Cow Peas Imports in the UK
- Cow Peas Exports in the UK
Cow Peas Price in the UK (CIF) - 2023
The average cow peas import price stood at $928 per ton in November 2023, shrinking by -7.3% against the previous month. Over the period under review, the import price continues to indicate a slight decrease. The pace of growth was the most pronounced in March 2023 an increase of 47% month-to-month. The import price peaked at $1,422 per ton in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Madagascar ($1,064 per ton), while the price for India ($482 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Ghana (+1,053.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Cow Peas Price in the UK (FOB) - 2022
The average cow peas export price stood at $1,607 per ton in 2022, dropping by -14.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 26%. Over the period under review, the average export prices reached the maximum at $1,874 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($2,578 per ton), while the average price for exports to the United States ($1,233 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cow Peas Imports in the UK
In 2022, purchases abroad of cow peas (dry) decreased by -9.4% to 2K tons, falling for the second year in a row after two years of growth. In general, imports faced a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 3.1%. As a result, imports reached the peak of 3.6K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cow peas imports fell dramatically to $2.5M in 2022. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 31%. As a result, imports attained the peak of $4.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Cow Peas in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Madagascar | 822 | 961 | 774 | 572 | -11.4% |
Peru | 520 | 695 | 1,502 | 487 | -2.2% |
Myanmar | N/A | N/A | 30.5 | 302 | 890.2% |
Singapore | N/A | N/A | N/A | 173 | 0% |
Argentina | N/A | N/A | N/A | 144 | 0% |
United Arab Emirates | 30.3 | 7.4 | N/A | 141 | 67.0% |
Mozambique | N/A | N/A | N/A | 78.8 | 0% |
Benin | N/A | 55.2 | N/A | 73.7 | 15.5% |
Canada | 103 | 191 | 28.3 | 64.7 | -14.4% |
Turkey | 3.7 | 5.0 | 98.6 | 62.6 | 156.7% |
Somalia | 89.7 | 15.4 | 81.6 | 50.3 | -17.5% |
Ghana | 123 | 90.4 | 37.5 | 43.5 | -29.3% |
South Africa | N/A | N/A | N/A | 26.4 | 0% |
Others | 1,536 | 2,196 | 492 | 288 | -42.8% |
Total | 3,228 | 4,216 | 3,044 | 2,508 | -8.1% |
Top Suppliers of Cow Peas to the UK in 2022:
- Madagascar (487.0 tons)
- Peru (313.8 tons)
- Myanmar (239.0 tons)
- Ghana (123.3 tons)
- Singapore (120.1 tons)
- Argentina (112.5 tons)
- United Arab Emirates (103.1 tons)
- Mozambique (72.0 tons)
- Benin (55.1 tons)
- Turkey (52.3 tons)
- Somalia (51.1 tons)
- South Africa (38.2 tons)
- Canada (36.3 tons)
Cow Peas Exports in the UK
In 2022, cow peas exports from the UK skyrocketed to 292 tons, jumping by 34% on 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 291% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cow peas exports surged to $469K in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 367%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Cow Peas in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 2.5 | 1.9 | 195 | 250 | 364.2% |
Netherlands | 4.4 | 20.0 | 56.7 | 103 | 186.1% |
Ireland | 17.6 | 6.7 | 39.5 | 50.7 | 42.3% |
Canada | N/A | N/A | N/A | 32.6 | 0% |
United States | 5.0 | 1.6 | N/A | 9.9 | 25.6% |
Sweden | 14.8 | 9.6 | 11.4 | 8.0 | -18.5% |
Peru | N/A | N/A | 38.4 | N/A | 0% |
Germany | 5.5 | 0.4 | 9.9 | N/A | 34.2% |
South Africa | 24.0 | 30.7 | 24.6 | N/A | 1.2% |
Others | 15.9 | 16.2 | 32.1 | 14.9 | -2.1% |
Total | 89.8 | 87.2 | 407 | 469 | 73.5% |
Top Export Markets for Cow Peas from the UK in 2022:
- France (148.3 tons)
- Netherlands (75.4 tons)
- Canada (24.0 tons)
- Ireland (23.7 tons)
- United States (8.0 tons)
- Sweden (3.1 tons)
This report provides an in-depth analysis of the cow peas market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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
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