EU: Cow Peas Market 2025

Cow Peas Market Size in the EU

The EU cow peas market contracted to $X in 2022, with a decrease of -14.4% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Cow Peas Production in the EU

In value terms, cow peas production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 50%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Croatia (X tons), Latvia (X tons) and Poland (X tons), with a combined 86% share of total production.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +7.5%), while production for the other leaders experienced mixed trends in the production figures.

In 2022, the average yield of cow peas (dry) in the European Union shrank significantly to X tons per ha, with a decrease of -39.5% against the year before. In general, the yield saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 150%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cow peas (dry) production in the European Union reached X ha, surging by 2.4% on the previous year's figure. The total harvested area indicated a pronounced increase from 2012 to 2022: its figure increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cow peas harvested area decreased by -2.3% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 91%. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the cow peas harvested area failed to regain momentum.

Cow Peas Exports

Exports in the EU

In 2022, after three years of growth, there was significant decline in shipments abroad of cow peas (dry), when their volume decreased by -52.8% to X tons. In general, exports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 when exports increased by 116% against the previous year. As a result, the exports attained the peak of X tons, and then declined significantly in the following year.

In value terms, cow peas exports shrank significantly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. The level of export peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Latvia represented the key exporting country with an export of about X tons, which finished at 34% of total exports. Spain (X tons) ranks second in terms of the total exports with a 16% share, followed by France (10%), Germany (9.1%), the Netherlands (7.4%) and Poland (5.5%). Portugal (X tons) followed a long way behind the leaders.

Latvia was also the fastest-growing in terms of the cow peas (dry) exports, with a CAGR of +62.4% from 2012 to 2022. At the same time, France (+28.8%), Poland (+11.2%), Spain (+8.0%) and Germany (+1.9%) displayed positive paces of growth. By contrast, the Netherlands (-2.2%) and Portugal (-8.8%) illustrated a downward trend over the same period. While the share of Latvia (+34 p.p.), Spain (+10 p.p.), France (+9.5 p.p.), Poland (+4 p.p.) and Germany (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Portugal (-4.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cow peas supplying countries in the European Union were Spain ($X), the Netherlands ($X) and France ($X), together accounting for 46% of total exports. Germany, Latvia, Poland and Portugal lagged somewhat behind, together accounting for a further 35%.

Latvia, with a CAGR of +27.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by 35% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cow peas export price decreased by -25.0% against 2018 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 70%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.3%), while the other leaders experienced mixed trends in the export price figures.

Cow Peas Imports

Imports in the EU

In 2022, approx. X tons of cow peas (dry) were imported in the European Union; with a decrease of -34.1% compared with the year before. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cow peas imports reduced remarkably to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 44%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), France (X tons), Germany (X tons), Greece (X tons) and Spain (X tons) represented roughly 66% of total imports in 2022. It was distantly followed by the Netherlands (X tons), comprising a 5.4% share of total imports. Hungary (X tons), Belgium (X tons), Austria (X tons), Portugal (X tons), Croatia (X tons), Cyprus (X tons) and Slovenia (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +29.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cow peas importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), together accounting for 44% of total imports. Spain, Greece, the Netherlands, Austria, Hungary, Belgium, Portugal, Slovenia, Cyprus and Croatia lagged somewhat behind, together accounting for a further 47%.

Among the main importing countries, Croatia, with a CAGR of +26.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, jumping by 18% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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