Report Update Nov 1, 2024

Colombia - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Cow Peas Market 2024

Cow Peas Market Size in Colombia

In 2021, the Colombian cow peas market decreased by -21.1% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a deep contraction. Cow peas consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Cow Peas Exports

Exports from Colombia

In 2021, overseas shipments of cow peas (dry) were finally on the rise to reach X tons after four years of decline. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 567% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cow peas exports surged to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 494%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cow peas exports from Colombia, accounting for a 76% share of total exports. Moreover, cow peas exports to the United States exceeded the volume sent to the second major destination, Curacao (X kg), fourfold. The third position in this ranking was held by Aruba (X kg), with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +46.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (+21.4% per year) and Aruba (+3.1% per year).

In value terms, the United States ($X) remains the key foreign market for cow peas exports from Colombia, comprising 89% of total exports. The second position in the ranking was held by Curacao ($X), with a 5.3% share of total exports. It was followed by Switzerland, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +39.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (+16.3% per year) and Switzerland (+39.8% per year).

Export Prices by Country

In 2021, the average cow peas export price amounted to $X per ton, growing by 11% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 95% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Curacao ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+14.0%), while the prices for the other major destinations experienced a decline.

Cow Peas Imports

Imports into Colombia

In 2021, overseas purchases of cow peas (dry) decreased by -16.9% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 170% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cow peas imports dropped remarkably to $X in 2021. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 200% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Peru (X tons) was the main cow peas supplier to Colombia, with a 95% share of total imports. Moreover, cow peas imports from Peru exceeded the figures recorded by the second-largest supplier, Madagascar (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Peru totaled -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (-20.8% per year) and Ecuador (-15.4% per year).

In value terms, Peru ($X) constituted the largest supplier of cow peas to Colombia, comprising 95% of total imports. The second position in the ranking was held by Madagascar ($X), with a 2.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Peru stood at -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (-8.1% per year) and Ecuador (-13.8% per year).

Import Prices by Country

In 2021, the average cow peas import price amounted to $X per ton, dropping by -6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Ecuador ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Madagascar (+16.1%), 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 2020 were Nigeria, Niger and Burkina Faso, with a combined 77% share of global consumption. These countries were followed by Kenya, Ghana, Senegal, Mali, Cameroon, Sudan and Tanzania, 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 2020 were Nigeria, Niger and Burkina Faso, with a combined 78% share of global production. Kenya, Ghana, Senegal, Mali, Cameroon, Sudan and Tanzania lagged somewhat behind, together comprising a further 15%.

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

In value terms, Peru constituted the largest supplier of cow peas to Colombia, comprising 96% of total imports. The second position in the ranking was occupied by Argentina, with a 3.9% share of total imports.

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

In value terms, the U.S. remains the key foreign market for cow peas exports from Colombia.

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

The average cow peas export price stood at $3,157 per ton in 2020, picking up by 17% against the previous year.

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

The average cow peas import price stood at $1,210 per ton in 2020, growing by 13% against the previous year.

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

Colombia

Data coverage:

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