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U.S. - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

U.S. - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

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Jan 23, 2023

Cow Peas Export in America Slumps 20% to 9.7K Tons in November 2022

U.S. Cow Peas Exports

Cow peas exports from the United States declined rapidly to 9.7K tons in November 2022, which is down by -19.8% compared with the previous month. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 77% m-o-m. The exports peaked at 14K tons in April 2022; however, from May 2022 to November 2022, the exports remained at a lower figure.

In value terms, cow peas exports dropped sharply to $11M (IndexBox estimates) in November 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when exports increased by 89% m-o-m. As a result, the exports reached the peak of $16M. From April 2022 to November 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (3.4K tons), the Dominican Republic (3K tons) and Turkey (488 tons) were the main destinations of cow peas exports from the United States, together accounting for 71% of total exports. Costa Rica, Italy, Canada, Japan, Haiti and China lagged somewhat behind, together comprising a further 18%.

From January 2022 to November 2022, the biggest increases were in Italy (with a CAGR of +27.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($3.9M), the Dominican Republic ($2.8M) and Turkey ($695K) appeared to be the largest markets for cow peas exported from the United States worldwide, with a combined 69% share of total exports. These countries were followed by Costa Rica, Canada, Italy, Japan, Haiti and China, which together accounted for a further 19%.

In terms of the main countries of destination, Italy, with a CAGR of +25.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In November 2022, the cow peas price stood at $1,087 per ton (FOB, US), approximately reflecting the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 an increase of 6.9% against the previous month. Over the period under review, the average export prices hit record highs at $1,157 per ton in August 2022; however, from September 2022 to November 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In November 2022, the country with the highest price was Turkey ($1,424 per ton), while the average price for exports to China ($573 per ton) was amongst the lowest.

From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Pea Market Overview

The cow pea is a legume that is native to Africa and has been cultivated there for centuries. Cow peas are often used as a meat substitute in vegetarian dishes, and they can be cooked in a variety of ways.

The cow pea market in the United States has been growing steadily in recent years. This is due to the increasing popularity of international cuisine, as well as the growing demand for healthy and affordable foods. Cow peas are typically very affordable, and they are sold both fresh and dry. Some of the leading brands of cow peas include Goya, D'allesandro, and Progresso.

There are several factors driving the growth of the cow pea market in the United States. First, more and more Americans are becoming aware of the health benefits of cow peas. This legume is a good source of protein and fiber, which can help people lose weight or maintain a healthy weight. Additionally, cow peas are low in calories and fat, making them a healthy choice for people looking to improve their diet.

Another factor driving the growth of the cow pea market is the increasing popularity of plant-based diets. More and more people are choosing to eat less meat and dairy, and instead focus on eating more fruits, vegetables, and grains. Cow peas are a perfect food for people following a plant-based diet, as they are packed with nutrients and fiber.

Finally, the price of cow peas has been dropping in recent years, making them more affordable for consumers. The combination of all these factors has resulted in strong growth for the cow pea market in the United States.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cow peas market in the U.S.. 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 States

Data coverage:

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