Report Update Nov 1, 2024

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

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Ecuador: Cow Peas Market 2024

Cow Peas Market Size in Ecuador

In 2021, the Ecuadorian cow peas market increased by 2.5% to $X, rising for the third consecutive year after four years of decline. Over the period under review, consumption continues to indicate significant growth. Cow peas consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Cow Peas Production in Ecuador

In value terms, cow peas production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Cow Peas Exports

Exports from Ecuador

In 2021, shipments abroad of cow peas (dry) decreased by -15.9% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports recorded a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 121% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cow peas exports contracted to $X in 2021. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 81% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for cow peas exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Colombia stood at -15.9%.

In value terms, Colombia ($X) also remains the key foreign market for cow peas exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to Colombia amounted to -13.5%.

Export Prices by Country

The average cow peas export price stood at $X per ton in 2021, rising by 2.8% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cow peas export price increased by +8.5% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 84% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2021, the rate of growth in terms of prices for Colombia amounted to +2.8% per year.

Cow Peas Imports

Imports into Ecuador

In 2015, cow peas imports into Ecuador declined notably to X tons, which is down by -34.1% against the previous year. In general, imports showed a dramatic contraction. Imports peaked at X tons in 2014, and then contracted notably in the following year.

In value terms, cow peas imports fell rapidly to $X in 2015. Over the period under review, imports recorded a precipitous curtailment. Imports peaked at $X in 2014, and then declined dramatically in the following year.

Imports by Country

In 2015, Peru (X tons) was the main cow peas supplier to Ecuador, with a approx. 100% share of total imports.

From 2014 to 2015, the average annual growth rate of volume from Peru stood at -34.1%.

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

From 2014 to 2015, the average annual growth rate of value from Peru amounted to -33.3%.

Import Prices by Country

In 2015, the average cow peas import price amounted to $X per ton, remaining constant against the previous year. Over the period from 2014 to 2015, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2015, the rate of growth in terms of prices for Peru amounted to +1.0% per year.

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, together comprising 77% 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 accounting for a further 15%.

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

In value terms, Peru constituted the largest supplier of cow peas to Ecuador.

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

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

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

The average cow peas export price stood at $1,105 per ton in 2020, remaining stable against the previous year.

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

In 2015, the average cow peas import price amounted to $1,202 per ton, increasing by 5.8% against the previous year.

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

Ecuador

Data coverage:

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