Italy: Cow Peas Market 2025

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

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