Egypt: Cow Peas Market 2024

Cow Peas Market Size in Egypt

The Egyptian cow peas market skyrocketed to $X in 2021, surging by 43% against the previous year. Over the period under review, consumption posted a resilient expansion. Cow peas consumption peaked in 2021 and is likely to see gradual growth in years to come.

Cow Peas Production in Egypt

In value terms, cow peas production dropped to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 57% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

The average yield of cow peas (dry) in Egypt shrank modestly to X tons per ha in 2021, remaining relatively unchanged against 2020 figures. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 3.4%. The cow peas yield peaked at X tons per ha in 2018; afterwards, it flattened through to 2021. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of cow peas (dry) were harvested in Egypt; leveling off at 2020. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by 2.5%. As a result, the harvested area attained the peak level of X ha; afterwards, it flattened through to 2021.

Cow Peas Exports

Exports from Egypt

In 2021, cow peas exports from Egypt fell markedly to X tons, with a decrease of -45.8% against 2020 figures. In general, exports, however, posted pronounced growth. The growth pace was the most rapid in 2017 with an increase of 642%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, cow peas exports contracted dramatically to $X in 2021. Over the period under review, exports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 581%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X tons), Bulgaria (X tons) and Germany (X tons) were the main destinations of cow peas exports from Egypt, together accounting for 86% of total exports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +46.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) emerged as the key foreign market for cow peas exports from Egypt, comprising 46% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports. It was followed by the UK, with a 19% share.

From 2012 to 2021, the average annual growth rate of value to Austria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+54.3% per year) and the UK (0.0% per year).

Export Prices by Country

In 2021, the average cow peas export price amounted to $X per ton, rising by 5.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced 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 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Bulgaria ($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 Israel (+43.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Egypt

In 2021, the amount of cow peas (dry) imported into Egypt surged to X tons, jumping by 54% against 2020. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 849% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, cow peas imports soared to $X in 2021. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 901% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) was the main supplier of cow peas to Egypt, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to +27.1%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +30.4%.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2021, increasing by 15% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.6% 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 import price increased by +101.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 36%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +2.6% per year.

Source: IndexBox Platform

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