Report Update Nov 1, 2024

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

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Hungary: Cow Peas Market 2024

Cow Peas Market Size in Hungary

The Hungarian cow peas market dropped markedly to $X in 2021, reducing by -91.7% against the previous year. Over the period under review, consumption continues to indicate a dramatic descent. Cow peas consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Cow Peas Production in Hungary

In value terms, cow peas production soared to $X in 2021 estimated in export price. Over the period under review, production showed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 192%. Cow peas production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

The average yield of cow peas (dry) in Hungary was estimated at X tons per ha in 2021, leveling off at the previous year's figure. Over the period under review, the yield, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2013 when the yield increased by 99% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2021, the growth of the average cow peas 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 2021, the total area harvested in terms of cow peas (dry) production in Hungary was estimated at X ha, leveling off at 2020. Overall, the harvested area recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 100% against the previous year. The cow peas harvested area peaked at X ha in 2018; however, from 2019 to 2021, the harvested area stood at a somewhat lower figure.

Cow Peas Exports

Exports from Hungary

In 2021, approx. X tons of cow peas (dry) were exported from Hungary; growing by 234% compared with 2020 figures. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,777% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, cow peas exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,769% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia amounted to +50.8%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia totaled +50.6%.

Export Prices by Country

The average cow peas export price stood at $X per ton in 2021, growing by 50% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Serbia amounted to -0.1% per year.

Cow Peas Imports

Imports into Hungary

Cow peas imports into Hungary soared to X tons in 2021, jumping by 171% against 2020. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,400%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, cow peas imports skyrocketed to $X in 2021. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 1,718% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Serbia (X tons) was the main cow peas supplier to Hungary, with a 90% share of total imports. Moreover, cow peas imports from Serbia exceeded the figures recorded by the second-largest supplier, Italy (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Serbia was relatively modest.

In value terms, Serbia ($X) constituted the largest supplier of cow peas to Hungary, comprising 84% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Serbia was relatively modest.

Import Prices by Country

In 2021, the average cow peas import price amounted to $X per ton, declining by -22.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 63% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Serbia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.6%).

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 accounting for 77% of global consumption. Kenya, Ghana, Senegal, Mali, Cameroon, Sudan and Tanzania lagged somewhat behind, together comprising 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, together comprising 78% of global production. These countries were followed by Kenya, Ghana, Senegal, Mali, Cameroon, Sudan and Tanzania, which together accounted for a further 15%.

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

In value terms, Italy constituted the largest supplier of cow peas to Hungary.

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

In value terms, Serbia remains the key foreign market for cow peas exports from Hungary.

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

In 2020, the average cow peas export price amounted to $240 per ton, shrinking by -20.1% against the previous year.

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

In 2020, the average cow peas import price amounted to $2,913 per ton, increasing by 40% against the previous year.

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

Hungary

Data coverage:

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