Hungary: Cow Peas Market 2025

Cow Peas Market Size in Hungary

In 2022, the Hungarian cow peas market decreased by -58.3% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a notable expansion. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cow Peas Production in Hungary

In value terms, cow peas production dropped slightly to $X in 2022 estimated in export price. In general, production, however, saw a prominent increase. The growth pace was the most rapid in 2016 with an increase of 93%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

The average yield of cow peas (dry) in Hungary dropped slightly to X tons per ha in 2022, shrinking by -1.6% against 2021. In general, the yield showed a slight slump. The growth pace was the most rapid in 2014 with an increase of 34% against the previous year. Over the period under review, the average cow peas yield attained the maximum level at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. 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 Hungary amounted to X ha, approximately equating the previous year's figure. Over the period under review, the harvested area saw a prominent increase. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 100% against the previous year. Over the period under review, the harvested area dedicated to cow peas production reached the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Cow Peas Exports

Exports from Hungary

In 2022, exports of cow peas (dry) from Hungary reduced rapidly to X tons, which is down by -23.1% on 2021. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 108% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cow peas exports contracted to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 290%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for cow peas exports from Hungary, with a 95% share of total exports. Moreover, cow peas exports to Romania exceeded the volume sent to the second major destination, Bulgaria (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-6.0% per year) and Slovakia (-35.3% per year).

In value terms, Romania ($X) remains the key foreign market for cow peas (dry) exports from Hungary, comprising 95% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Romania totaled +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+1.7% per year) and Slovakia (-34.4% per year).

Export Prices by Country

The average cow peas export price stood at $X per ton in 2022, growing by 14% against the previous year. Overall, the export price posted measured growth. The most prominent rate of growth was recorded in 2013 an increase of 137%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Hungary

After two years of growth, supplies from abroad of cow peas (dry) decreased by -56.1% to X tons in 2022. Over the period under review, imports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of 137% against the previous year. Imports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, cow peas imports contracted dramatically to $X in 2022. Overall, imports, however, enjoyed noticeable growth. The growth pace was the most rapid in 2013 when imports increased by 219%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest supplier of cow peas to Hungary, with a 49% share of total imports. Moreover, cow peas imports from Slovakia exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), threefold. Canada (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia stood at +262.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+26.0% per year) and Canada (+14.5% per year).

In value terms, Slovakia ($X), Canada ($X) and Serbia ($X) constituted the largest cow peas suppliers to Hungary, together accounting for 72% of total imports.

Among the main suppliers, Slovakia, with a CAGR of +228.0%, saw the highest growth rate of 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

In 2022, the average cow peas import price amounted to $X per ton, growing by 23% against the previous year. Overall, the import price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by 35%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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