Germany: Cow Peas Market 2024

Cow Peas Market Size in Germany

The German cow peas market skyrocketed to $X in 2021, rising by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Cow Peas Exports

Exports from Germany

Cow peas exports from Germany surged to X tons in 2021, growing by 22% on the previous year's figure. In general, exports, however, recorded a sharp decrease. The pace of growth appeared the most rapid in 2018 with an increase of 198%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cow peas exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 182% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for cow peas exports from Germany, with a 32% share of total exports. Moreover, cow peas exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. France (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+131.7% per year) and France (+19.2% per year).

In value terms, Spain ($X), the Netherlands ($X) and Austria ($X) were the largest markets for cow peas exported from Germany worldwide, with a combined 63% share of total exports. France, Poland, Belgium, Luxembourg and Switzerland lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, Poland, with a CAGR of +578.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cow peas export price stood at $X per ton in 2021, with an increase of 12% against the previous year. Overall, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cow peas export price increased by +37.3% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 80% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 the Netherlands (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Germany

In 2021, cow peas imports into Germany skyrocketed to X tons, growing by 17% against the previous year. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 175%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, cow peas imports surged to $X in 2021. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 161%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Peru (X tons), Uzbekistan (X tons) and Madagascar (X tons) were the main suppliers of cow peas imports to Germany, with a combined 74% share of total imports. These countries were followed by the Netherlands, Turkey, the UK, Canada and Spain, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +109.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cow peas suppliers to Germany were Peru ($X), Uzbekistan ($X) and Madagascar ($X), with a combined 68% share of total imports. The Netherlands, Turkey, Spain, the UK and Canada lagged somewhat behind, together comprising a further 24%.

The UK, with a CAGR of +76.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2021, picking up by 3.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :