Austria: Cow Peas Market 2024

Cow Peas Market Size in Austria

For the fourth year in a row, the Austrian cow peas market recorded growth in sales value, which increased by 26% to $X in 2022. Over the period under review, consumption showed a strong expansion. Cow peas consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Cow Peas Exports

Exports from Austria

In 2022, the amount of cow peas (dry) exported from Austria skyrocketed to X tons, surging by 46% on the previous year's figure. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 229%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cow peas exports fell notably to $X in 2022. In general, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 284%. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Germany (X tons) was the main destination for cow peas exports from Austria, with a 56% share of total exports. Moreover, cow peas exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was taken by Slovenia (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+22.5% per year) and Slovenia (+72.5% per year).

In value terms, Germany ($X) remains the key foreign market for cow peas (dry) exports from Austria, comprising 58% of total exports. The second position in the ranking was taken by Hungary ($X), with a 14% share of total exports. It was followed by Switzerland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+21.8% per year) and Switzerland (-4.3% per year).

Export Prices by Country

The average cow peas export price stood at $X per ton in 2022, declining by -43% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 27%. The export price peaked at $X per ton in 2021, and then contracted markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Hungary ($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 Switzerland (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Cow Peas Imports

Imports into Austria

For the fourth consecutive year, Austria recorded growth in purchases abroad of cow peas (dry), which increased by 22% to X tons in 2022. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 124% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, cow peas imports skyrocketed to $X in 2022. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 170% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cow peas to Austria, accounting for a 66% share of total imports. Moreover, cow peas imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+34.5% per year) and the Netherlands (+15.1% per year).

In value terms, China ($X) constituted the largest supplier of cow peas (dry) to Austria, comprising 71% of total imports. The second position in the ranking was held by Italy ($X), with an 8.1% share of total imports. It was followed by Germany, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+43.2% per year) and Germany (+4.3% per year).

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, growing by 11% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cow peas import price increased by +47.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 85% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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