Canada - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingShelled Bean Price in Canada - 2024
Contents:
- Shelled Bean Price in Canada (FOB) - 2024
- Shelled Bean Price in Canada (CIF) - 2024
- Shelled Bean Exports in Canada
- Shelled Bean Imports in Canada
Shelled Bean Price in Canada (FOB) - 2024
In February 2024, the average shelled bean export price amounted to $1,176 per ton, rising by 3.6% against the previous month. Over the period from February 2023 to February 2024, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in October 2023 when the average export price increased by 14% against the previous month. The export price peaked in February 2024.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($1,724 per ton), while the average price for exports to Angola ($520 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Shelled Bean Price in Canada (CIF) - 2024
The average shelled bean import price stood at $1,739 per ton in February 2024, increasing by 104% against the previous month. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $2,164 per ton in April 2023; however, from May 2023 to February 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was China ($1,952 per ton), while the price for Nigeria ($687 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Shelled Bean Exports in Canada
In 2022, shipments abroad of shelled beans (dry) decreased by -13.6% to 170K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. As a result, the exports reached the peak of 204K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, shelled bean exports dropped to $181M in 2022. The total export value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. As a result, the exports reached the peak of $193M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Shelled Bean in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 48.5 | 88.9 | 85.4 | 99.0 | 26.9% |
| Angola | 26.3 | 18.7 | 12.3 | 14.4 | -18.2% |
| Italy | 9.9 | 12.3 | 14.2 | 8.4 | -5.3% |
| Greece | 7.5 | 7.1 | 9.5 | 8.0 | 2.2% |
| Mexico | 6.3 | 7.5 | 10.7 | 6.8 | 2.6% |
| Turkey | 4.6 | 7.1 | 7.0 | 6.3 | 11.1% |
| United Kingdom | 2.6 | 2.9 | 3.6 | 4.2 | 17.3% |
| France | 4.9 | 6.7 | 7.1 | 3.6 | -9.8% |
| Belgium | 2.0 | 1.5 | 2.8 | 3.0 | 14.5% |
| Japan | 8.7 | 3.4 | 1.8 | 3.0 | -29.9% |
| Spain | 2.5 | 5.1 | 3.2 | 1.8 | -10.4% |
| Portugal | 1.5 | 2.5 | 5.5 | 1.4 | -2.3% |
| Others | 24.8 | 29.4 | 28.2 | 21.3 | -4.9% |
| Total | 150 | 193 | 191 | 181 | 6.5% |
Top Export Markets for Shelled Bean from Canada in 2022:
- United States (91.5K tons)
- Angola (11.8K tons)
- Italy (7.6K tons)
- Greece (7.6K tons)
- Mexico (7.5K tons)
- Turkey (6.2K tons)
- United Kingdom (5.0K tons)
- France (3.5K tons)
- Belgium (3.0K tons)
- Japan (2.4K tons)
- Spain (2.2K tons)
- Portugal (1.3K tons)
Shelled Bean Imports in Canada
Shelled bean imports into Canada fell modestly to 16K tons in 2022, leveling off at the previous year's figure. In general, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year.
In value terms, shelled bean imports stood at $19M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 21%.
| Import of Shelled Bean in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.3 | 11.5 | 14.5 | 15.1 | -2.5% |
| Madagascar | 0.4 | 0.5 | 0.4 | 0.8 | 26.0% |
| Peru | 0.5 | 0.5 | 0.9 | 0.7 | 11.9% |
| India | 0.5 | 0.5 | 0.4 | 0.6 | 6.3% |
| China | 0.5 | 0.5 | 0.6 | 0.6 | 6.3% |
| Nigeria | 0.4 | 0.5 | 0.4 | 0.6 | 14.5% |
| Others | 0.8 | 1.2 | 0.9 | 0.8 | 0.0% |
| Total | 19.3 | 15.1 | 18.2 | 19.1 | -0.3% |
Top Suppliers of Shelled Bean to Canada in 2022:
- United States (13.3K tons)
- Madagascar (0.6K tons)
- India (0.4K tons)
- Peru (0.4K tons)
- Nigeria (0.3K tons)
- China (0.2K tons)
This report provides an in-depth analysis of the shelled bean market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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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Cow Peas exports hit a record high and are expected to keep growing in the near future. The value of shelled bean exports skyrocketed to $481M in 2023.
126
As a consequence, Dry Bean exports reached their highest point and are anticipated to keep expanding in the near future. In terms of value, Dry Bean exports skyrocketed to $421M in 2023.
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In November 2022, the dry bean price stood at $1,068 per ton (FOB, Canada), waning by -2.5% against the previous month.
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Imports of Cow Peas reached a peak of 174 tons before sharply decreasing the following month. In terms of value, imports of Cow Peas notably dropped to $168K in December 2023.
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