Spain: Cow Peas Market 2025

Cow Peas Market Size in Spain

The Spanish cow peas market soared to $X in 2021, rising by 67% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a significant expansion. Cow peas consumption peaked in 2021 and is likely to see gradual growth in the near future.

Cow Peas Exports

Exports from Spain

In 2021, exports of cow peas (dry) from Spain surged to X tons, growing by 178% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 2,544%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, cow peas exports soared to $X in 2021. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 2,233%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Cuba (X tons) was the main destination for cow peas exports from Spain, accounting for a 94% share of total exports. It was followed by France (X tons), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cuba totaled +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+29.7% per year) and Italy (-31.2% per year).

In value terms, Cuba ($X) remains the key foreign market for cow peas exports from Spain, comprising 89% of total exports. The second position in the ranking was taken by France ($X), with a 4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cuba totaled +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+46.2% per year) and Italy (-26.1% per year).

Export Prices by Country

The average cow peas export price stood at $X per ton in 2021, falling by -18.1% against the previous year. In general, the export price showed a pronounced decrease. The pace of growth appeared the most rapid in 2020 an increase of 96% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Cuba ($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 France (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Spain

In 2021, imports of cow peas (dry) into Spain soared to X tons, picking up by 49% compared with 2020 figures. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 214% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, cow peas imports skyrocketed to $X in 2021. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 213%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Peru (X tons) constituted the largest cow peas supplier to Spain, with a 89% share of total imports. Moreover, cow peas imports from Peru exceeded the figures recorded by the second-largest supplier, Madagascar (X tons), tenfold. The third position in this ranking was taken by Myanmar (X tons), with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Peru stood at +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+18.7% per year) and Myanmar (-40.2% per year).

In value terms, Peru ($X) constituted the largest supplier of cow peas to Spain, comprising 90% of total imports. The second position in the ranking was held by Madagascar ($X), with an 8.3% share of total imports. It was followed by Myanmar, with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Peru totaled +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+23.0% per year) and Myanmar (-35.9% per year).

Import Prices by Country

In 2021, the average cow peas import price amounted to $X per ton, with an increase of 22% against the previous year. Overall, the import price showed 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 Myanmar ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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