Europe: Cow Peas Market 2024

Cow Peas Market Size in Europe

The Europe cow peas market totaled $X in 2023, approximately equating the previous year. In general, consumption enjoyed modest growth. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Cow Peas Production in Europe

In value terms, cow peas production shrank rapidly to $X in 2023 estimated in export price. Overall, production saw a modest expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

The country with the largest volume of cow peas production was Serbia (X tons), comprising approx. X% of total volume. Moreover, cow peas production in Serbia exceeded the figures recorded by the second-largest producer, North Macedonia (X tons), twofold.

From 2012 to 2023, the average annual growth rate of volume in Serbia was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: North Macedonia (X% per year) and Croatia (X% per year).

In 2023, the average cow peas yield in Europe totaled X tons per ha, remaining stable against the previous year. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2023, 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 2023, the harvested area of cow peas (dry) in Europe stood at X ha, remaining relatively unchanged against 2022 figures. Overall, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2017 to 2023, the growth of the cow peas harvested area failed to regain momentum.

Cow Peas Exports

Exports in Europe

After two years of decline, overseas shipments of cow peas (dry) increased by X% to X tons in 2023. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, cow peas exports soared to $X in 2023. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Exports by Country

In 2023, the Netherlands (X tons) represented the main exporter of cow peas (dry), mixing up X% of total exports. It was distantly followed by the UK (X tons), Italy (X tons), Belgium (X tons) and Portugal (X tons), together committing a X% share of total exports. The following exporters - Russia (X tons) and Greece (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to cow peas exports from the Netherlands stood at X%. At the same time, Russia (X%), Belgium (X%), Greece (X%), the UK (X%), Portugal (X%) and Italy (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the Netherlands, the UK, Italy, Belgium, Russia, Portugal and Greece increased by X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest cow peas supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the Netherlands amounted to X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and the UK (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Greece ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Cow Peas Imports

Imports in Europe

In 2023, imports of cow peas (dry) in Europe reduced sharply to X tons, waning by X% compared with the previous year's figure. Over the period under review, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, cow peas imports declined rapidly to $X in 2023. Overall, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2022, and then fell significantly in the following year.

Imports by Country

The purchases of the three major importers of cow peas (dry), namely Portugal, the UK and Italy, represented more than two-thirds of total import. The Netherlands (X tons) held the next position in the ranking, followed by Greece (X tons), Spain (X tons) and France (X tons). All these countries together took near X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), the UK ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. The Netherlands, Greece, Spain and France lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Greece (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform