Argentina: Cow Peas Market 2025

Cow Peas Market Size in Argentina

In 2022, the Argentinian cow peas market increased by 312% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed temperate growth. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Cow Peas Production in Argentina

In value terms, cow peas production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 22% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of cow peas (dry) in Argentina amounted to less than X kg per ha, approximately reflecting the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cow peas (dry) production in Argentina stood at less than X ha, approximately mirroring the previous year. Overall, the harvested area showed a relatively flat trend pattern.

Cow Peas Exports

Exports from Argentina

In 2022, overseas shipments of cow peas (dry) decreased by -91.8% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 837%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cow peas exports contracted sharply to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 856% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons), Turkey (X tons) and Chile (X tons) were the main destinations of cow peas exports from Argentina.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +31.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Colombia ($X), Turkey ($X) and Chile ($X) appeared to be the largest markets for cow peas exported from Argentina worldwide.

Chile, with a CAGR of +25.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, declining by -26.5% against the previous year. Overall, the export price saw a pronounced reduction. The growth pace was the most rapid in 2013 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Cow Peas Imports

Imports into Argentina

Cow peas imports into Argentina dropped rapidly to X tons in 2022, which is down by -37.9% against 2021. In general, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by 254% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cow peas imports shrank markedly to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 224% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Peru (X tons) was the main cow peas supplier to Argentina, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru stood at +9.2%.

In value terms, Peru ($X) constituted the largest supplier of cow peas (dry) to Argentina.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru stood at +7.1%.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, growing by 2.5% against the previous year. Overall, the import price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to -1.9% per year.

Source: IndexBox Platform

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