Portugal: Cow Peas Market 2025

Cow Peas Market Size in Portugal

The Portuguese cow peas market dropped rapidly to $X in 2022, which is down by -16.5% against the previous year. Overall, consumption continues to indicate a abrupt descent. Cow peas consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production in Portugal

In value terms, cow peas production contracted notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep contraction. The growth pace was the most rapid in 2018 with an increase of 53% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of cow peas (dry) in Portugal was estimated at less than X kg per ha in 2022, flattening at 2021. In general, the yield continues to indicate a relatively flat trend pattern. 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 Portugal stood at less than X ha, approximately reflecting 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Cow Peas Exports

Exports from Portugal

In 2022, shipments abroad of cow peas (dry) increased by 1.1% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 104% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cow peas exports expanded sharply to $X in 2022. Overall, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by 62% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sao Tome and Principe (X tons), Angola (X tons) and Cabo Verde (X tons) were the main destinations of cow peas exports from Portugal, together comprising 81% of total exports. Guinea-Bissau and France lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Guinea-Bissau (with a CAGR of +19.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sao Tome and Principe ($X), Angola ($X) and Cabo Verde ($X) constituted the largest markets for cow peas exported from Portugal worldwide, with a combined 80% share of total exports. Guinea-Bissau and France lagged somewhat behind, together comprising a further 16%.

In terms of the main countries of destination, Guinea-Bissau, with a CAGR of +23.3%, recorded 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 2022, surging by 6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 29%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sao Tome and Principe ($X per ton) and Guinea-Bissau ($X per ton), while the average price for exports to Angola ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Portugal

In 2022, imports of cow peas (dry) into Portugal surged to X tons, growing by 24% compared with 2021. Overall, imports recorded a temperate increase. The most prominent rate of growth was recorded in 2020 with an increase of 148% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cow peas imports surged to $X in 2022. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 109% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), Peru (X tons) and Canada (X tons) were the main suppliers of cow peas imports to Portugal, together accounting for 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +12.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of cow peas (dry) to Portugal, comprising 51% of total imports. The second position in the ranking was taken by Canada ($X), with a 24% share of total imports. It was followed by Peru, with a 22% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+9.8% per year) and Peru (-1.6% per year).

Import Prices by Country

In 2022, the average cow peas import price amounted to $X per ton, jumping by 45% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cow peas import price increased by +90.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and Canada ($X per ton), while the price for Peru ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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