Report Update Nov 1, 2024

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

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Italy: Cow Peas Market 2024

Cow Peas Market Size in Italy

For the third year in a row, the Italian cow peas market recorded growth in sales value, which increased by 12% to $X in 2021. Over the period under review, consumption, however, posted strong growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Cow Peas Exports

Exports from Italy

For the fourth year in a row, Italy recorded growth in shipments abroad of cow peas (dry), which increased by 107% to X tons in 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 598% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, cow peas exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 793% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons), Bosnia and Herzegovina (X tons) and Austria (X tons) were the main destinations of cow peas exports from Italy, with a combined 51% share of total exports. These countries were followed by Germany, the United States, Democratic Republic of the Congo, Greece and Malta, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of +154.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for cow peas exported from Italy worldwide, with a combined 46% share of total exports. The United States, Greece, Germany, Democratic Republic of the Congo and Malta lagged somewhat behind, together comprising a further 36%.

Democratic Republic of the Congo, with a CAGR of +150.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, rising by 7.6% against the previous year. Overall, the export price enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 an increase of 128%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Greece ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Lebanon (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Italy

For the third year in a row, Italy recorded growth in supplies from abroad of cow peas (dry), which increased by 3.3% to X tons in 2021. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2015 with an increase of 34%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, cow peas imports surged to $X in 2021. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Madagascar (X tons) constituted the largest supplier of cow peas to Italy, accounting for a 55% share of total imports. Moreover, cow peas imports from Madagascar exceeded the figures recorded by the second-largest supplier, Peru (X tons), fourfold. Brazil (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Madagascar totaled +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-9.2% per year) and Brazil (+26.8% per year).

In value terms, Madagascar ($X) constituted the largest supplier of cow peas to Italy, comprising 53% of total imports. The second position in the ranking was taken by Peru ($X), with a 17% share of total imports. It was followed by Brazil, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Madagascar totaled +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-7.8% per year) and Brazil (+28.5% per year).

Import Prices by Country

The average cow peas import price stood at $X per ton in 2021, increasing by 16% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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 comprising 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 accounting for 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 Italy?

In value terms, the largest cow peas suppliers to Italy were Madagascar, Brazil and Belize, with a combined 68% share of total imports.

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

In value terms, the largest markets for cow peas exported from Italy were Belgium, France and Hungary, with a combined 56% share of total exports. Turkey, Sudan, Democratic Republic of the Congo and Lebanon lagged somewhat behind, together accounting for a further 35%.

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

In 2020, the average cow peas export price amounted to $1,720 per ton, with a decrease of -1.8% against the previous year.

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

The average cow peas import price stood at $1,147 per ton in 2020, increasing by 8.6% against the previous year.

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

Italy

Data coverage:

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