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Brazil - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Brazil - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights

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Mar 21, 2023

Cow Peas Price in Brazil Sees 3% Rise, With an Average of $620 per Ton

Brazil Cow Peas Export Price in December 2022

In December 2022, the cow peas price stood at $620 per ton (FOB, Brazil), with an increase of 2.9% against the previous month. Overall, the export price, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in March 2022 when the average export price increased by 10% month-to-month. As a result, the export price reached the peak level of $833 per ton. From April 2022 to December 2022, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In December 2022, the highest price was recorded for prices to Portugal ($657 per ton) and Egypt ($625 per ton), while the average price for exports to Pakistan ($607 per ton) and India ($610 per ton) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Brazil Cow Peas Exports

In December 2022, after two months of growth, there was significant decline in shipments abroad of cow peas (dry), when their volume decreased by -32.1% to 8.3K tons. Overall, exports, however, showed a strong increase. The pace of growth was the most pronounced in April 2022 when exports increased by 184% month-to-month. Over the period under review, the exports attained the peak figure at 12K tons in November 2022, and then reduced sharply in the following month.

In value terms, cow peas exports contracted remarkably to $5.1M (IndexBox estimates) in December 2022. In general, exports, however, recorded a strong increase. The growth pace was the most rapid in April 2022 when exports increased by 172% month-to-month. Over the period under review, the exports attained the peak figure at 7.3K tons in November 2022, and then dropped sharply in the following month.

Brazil Cow Peas Exports by Country

India (5.1K tons) was the main destination for cow peas exports from Brazil, with a 62% share of total exports. Moreover, cow peas exports to India exceeded the volume sent to the second major destination, Egypt (2K tons), threefold. Pakistan (371 tons) ranked third in terms of total exports with a 4.5% share.

From January 2022 to December 2022, the average monthly growth rate of volume to India stood at +23.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Egypt (+5.8% per month) and Pakistan (+20.2% per month).

In value terms, India ($3.1M) remains the key foreign market for cow peas exports from Brazil, comprising 61% of total exports. The second position in the ranking was taken by Egypt ($1.2M), with a 24% share of total exports. It was followed by Pakistan, with a 4.4% share.

From January 2022 to December 2022, the average monthly growth rate of value to India amounted to +23.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Egypt (+3.2% per month) and Pakistan (+23.7% per month).

Rising Demands and Limited Supplies Drive Cow Peas Prices Up

The sudden price surge is due to the limited supply of cow peas, as well as the rising demand for the crop. One of the major reasons for the limited supply of cow peas is the recent drought that has affected Brazil's agricultural sector. This has resulted in lower yields, which in turn has reduced the overall supply of cow peas in the market. Additionally, the pandemic has also had a negative impact on the supply chain of cow peas, making it difficult for distributors to import the crop from other countries.

On the other hand, the demand for cow peas has been on the rise due to their nutritional values and versatility in cooking. Cow peas are high in protein and fiber, making them a popular food item among health-conscious consumers. Moreover, they are used extensively in traditional Brazilian cuisine, as well as in vegetarian and vegan diets around the world.

As a result of these factors, the prices of cow peas are expected to remain high in the coming weeks. This can have an adverse effect on restaurants, food manufacturers, and retailers that use cow peas as a primary ingredient. However, farmers who cultivate cow peas can benefit from this price surge, as they can sell their crops at a higher price and improve their profit margins.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cow peas market in Brazil. 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:

  • Brazil

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Brazil
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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