Report Update Nov 1, 2024

Belgium - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

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Belgium: Cow Peas Market 2024

Cow Peas Market Size in Belgium

In 2022, the Belgian cow peas market decreased by -35.6% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt downturn. Cow peas consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Cow Peas Exports

Exports from Belgium

In 2022, overseas shipments of cow peas (dry) decreased by -93.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 282%. The exports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, cow peas exports shrank notably to $X in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 390% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted significantly in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for cow peas exports from Belgium, with a 75% share of total exports. Moreover, cow peas exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), eightfold. The third position in this ranking was taken by Luxembourg (X tons), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-11.7% per year) and Luxembourg (-1.7% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for cow peas (dry) exports from Belgium, comprising 54% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports. It was followed by Luxembourg, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.2% per year) and Luxembourg (+3.2% per year).

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, declining by -8.6% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 57%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Luxembourg (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Belgium

After three years of growth, purchases abroad of cow peas (dry) decreased by -83.9% to X tons in 2022. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 165% against the previous year. Imports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, cow peas imports plummeted to $X in 2022. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 195%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest cow peas supplier to Belgium, accounting for a 58% share of total imports. Moreover, cow peas imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. Brazil (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.1% per year) and Brazil (+232.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cow peas (dry) to Belgium, comprising 48% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by Brazil, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.9% per year) and Brazil (+212.2% per year).

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cow peas (dry) in the world?

The countries with the highest volumes of cow peas consumption in 2021 were Nigeria, Niger and Burkina Faso, together comprising 74% of global consumption. These countries were followed by Kenya, Mali, Ghana, Senegal, Cameroon, Sudan and the United States, which together accounted for a further 15%.

What are the largest producers of cow peas (dry) in the world?

The countries with the highest volumes of cow peas production in 2021 were Nigeria, Niger and Burkina Faso, with a combined 74% share of global production. Kenya, the United States, Mali, Ghana, Canada, Senegal, Cameroon and Sudan lagged somewhat behind, together accounting for a further 17%.

What are the leading suppliers of cow peas (dry) to Belgium?

In value terms, Canada constituted the largest supplier of cow peas to Belgium, comprising 35% of total imports. The second position in the ranking was occupied by Madagascar, with a 16% share of total imports. It was followed by Turkey, with a 14% share.

What are the leading importers of cow peas (dry) from Belgium?

In value terms, the largest markets for cow peas exported from Belgium were France, Germany and Portugal, with a combined 95% share of total exports.

What is the average export price for cow peas (dry) in Belgium?

The average cow peas export price stood at $1,258 per ton in 2021, falling by -14.5% against the previous year.

What is the average import price for cow peas (dry) in Belgium?

The average cow peas import price stood at $1,250 per ton in 2021, surging by 3.3% against the previous year.

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

Belgium

Data coverage:

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

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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