Turkey - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCow peas Price in Turkey - 2023
Contents:
- Price Forecast for Cow Peas in Turkey till 2025
- Cow peas Price in Turkey (CIF) - 2023
- Cow peas Price in Turkey (FOB) - 2023
- Turkey Cow peas Imports
- Turkey Cow peas Exports
Price Forecast for Cow Peas in Turkey till 2025
Cow peas Price in Turkey (CIF) - 2023
The average cow peas import price stood at $878 per ton in January 2023, almost unchanged from the previous month. Over the period under review, the import price, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 12% against the previous month. Over the period under review, average import prices hit record highs at $1,239 per ton in May 2022; however, from June 2022 to January 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In January 2023, the country with the highest price was Uzbekistan ($1,130 per ton), while the price for Madagascar ($862 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Cow peas Price in Turkey (FOB) - 2023
The average cow peas export price stood at $1,197 per ton in January 2023, stabilizing at the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 15% m-o-m. Over the period under review, the average export prices reached the maximum at $1,525 per ton in June 2022; however, from July 2022 to January 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In January 2023, the countries with the highest prices were Sweden ($1,523 per ton) and Syrian Arab Republic ($1,417 per ton), while the average price for exports to Angola ($1,025 per ton) and Belgium ($1,058 per ton) were amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Turkey Cow peas Imports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Million USD | |||||
| Madagascar | 5.8 | 3.8 | 8.2 | 7.9 | 10.8% |
| Brazil | 0.3 | 0.7 | 1.5 | 1.4 | 67.1% |
| Uzbekistan | 0.4 | 0.3 | 0.9 | 0.8 | 26.0% |
| Myanmar | 0.7 | 0.3 | 0.5 | 0.5 | -10.6% |
| Peru | 0.1 | N/A | 0.4 | 0.4 | 58.7% |
| Others | 0.3 | 0.3 | 0.1 | 0.1 | -30.7% |
| Total | 7.7 | 5.3 | 11.6 | 11.2 | 13.3% |
Top Suppliers of Cow peas to Turkey 2022:
- Madagascar (6.6K tons)
- Brazil (1.3K tons)
- Uzbekistan (0.7K tons)
- Myanmar (0.5K tons)
- Peru (0.2K tons)
In 2022, the amount of cow peas (dry) imported into Turkey dropped to 9.5K tons, waning by -10.6% compared with the previous year's figure. In general, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 79%. As a result, imports attained the peak of 11K tons, and then contracted in the following year.
In value terms, cow peas imports declined to $11M in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 117% against the previous year. As a result, imports reached the peak of $12M, and then fell slightly in the following year.
Turkey Cow peas Exports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Thousand USD | |||||
| Iraq | 3,145 | 2,834 | 4,722 | 3,319 | 1.8% |
| Italy | 53.2 | 349 | 660 | 464 | 105.8% |
| Germany | 223 | 269 | 351 | 246 | 3.3% |
| United Kingdom | 83.3 | 175 | 335 | 235 | 41.3% |
| Iran | 643 | 15.6 | 258 | 206 | -31.6% |
| Syrian Arab Republic | 36.7 | 3.7 | 212 | 149 | 59.5% |
| Algeria | 83.8 | 22.0 | 137 | 95.9 | 4.6% |
| Azerbaijan | 97.0 | 89.8 | 90.6 | 63.7 | -13.1% |
| Others | 765 | 1,014 | 936 | 690 | -3.4% |
| Total | 5,130 | 4,773 | 7,701 | 5,469 | 2.2% |
Top Export Markets for Cow peas from Turkey 2022:
- Iraq (3004.7 tons)
- Italy (308.1 tons)
- Iran (197.8 tons)
- United Kingdom (170.6 tons)
- Germany (143.6 tons)
- Syrian Arab Republic (122.1 tons)
- Algeria (72.0 tons)
- Azerbaijan (65.5 tons)
In 2022, exports of cow peas (dry) from Turkey fell markedly to 4.6K tons, dropping by -34.8% compared with the year before. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, the exports attained the peak of 7K tons, and then fell significantly in the following year.
In value terms, cow peas exports contracted sharply to $5.5M in 2022. Overall, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. As a result, the exports attained the peak of $7.7M, and then reduced rapidly in the following year.
This report provides an in-depth analysis of the cow peas market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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
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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
208
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