Canada: Cow Peas Market 2025

Cow Peas Market Size in Canada

The Canadian cow peas market soared to $X in 2022, with an increase of 138% against the previous year. Overall, consumption, however, continues to indicate a slight downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production in Canada

In value terms, cow peas production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of cow peas (dry) in Canada totaled less than X kg per ha in 2022, remaining relatively unchanged against the previous year's figure. Overall, the yield recorded 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.

The cow peas harvested area in Canada amounted to less than X ha in 2022, remaining relatively unchanged against 2021 figures. In general, the harvested area saw a relatively flat trend pattern.

Cow Peas Exports

Exports from Canada

In 2022, cow peas exports from Canada contracted to X tons, declining by -13.6% compared with the previous year. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 16% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cow peas exports shrank to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 29%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cow peas exports from Canada, with a 54% share of total exports. Moreover, cow peas exports to the United States exceeded the volume sent to the second major destination, Angola (X tons), eightfold. Greece (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-5.0% per year) and Greece (+2.3% per year).

In value terms, the United States ($X) remains the key foreign market for cow peas (dry) exports from Canada, comprising 55% of total exports. The second position in the ranking was held by Angola ($X), with a 7.9% share of total exports. It was followed by Italy, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-5.1% per year) and Italy (+1.1% per year).

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, with an increase of 9.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and Angola ($X per ton), while the average price for exports to the UK ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (-0.1%), while the prices for the other major destinations experienced a decline.

Cow Peas Imports

Imports into Canada

In 2022, cow peas imports into Canada dropped slightly to X tons, approximately mirroring 2021. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 68%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cow peas imports reached $X in 2022. Over the period under review, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of 62%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of cow peas to Canada, accounting for a 86% share of total imports. Moreover, cow peas imports from the United States exceeded the figures recorded by the second-largest supplier, Madagascar (X tons), more than tenfold. The third position in this ranking was taken by India (X tons), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+20.1% per year) and India (+10.1% per year).

In value terms, the United States ($X) constituted the largest supplier of cow peas (dry) to Canada, comprising 79% of total imports. The second position in the ranking was taken by Madagascar ($X), with a 4% share of total imports. It was followed by Peru, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+18.8% per year) and Peru (-3.2% per year).

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, with an increase of 5.2% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 decreased by -21.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 36%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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 Nigeria ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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