Sweden: Cow Peas Market 2024

Cow Peas Market Size in Sweden

The Swedish cow peas market soared to $X in 2022, with an increase of 79% against the previous year. Over the period under review, consumption saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production in Sweden

In value terms, cow peas production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a sharp slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 77,385,400% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The average yield of cow peas (dry) in Sweden stood at less than X kg per ha in 2022, almost unchanged from 2021. Overall, the yield saw 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 Sweden totaled less than X ha, remaining stable against the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Cow Peas Exports

Exports from Sweden

Cow peas exports from Sweden soared to X tons in 2022, picking up by 122% on 2021 figures. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 171% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cow peas exports shrank notably to $X in 2022. Over the period under review, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2019 when exports increased by 114% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for cow peas exports from Sweden, accounting for a 72% share of total exports. Moreover, cow peas exports to Finland exceeded the volume sent to the second major destination, Denmark (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland amounted to -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+4.4% per year) and Norway (-2.4% per year).

In value terms, Finland ($X) remains the key foreign market for cow peas (dry) exports from Sweden, comprising 58% of total exports. The second position in the ranking was held by Norway ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland amounted to -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+11.7% per year) and Denmark (-1.4% per year).

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, shrinking by -64.3% against the previous year. In general, the export price showed a pronounced curtailment. The pace of growth was the most pronounced in 2020 an increase of 199% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+93.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Sweden

In 2022, approx. X tons of cow peas (dry) were imported into Sweden; jumping by 94% on the previous year. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 191%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, cow peas imports skyrocketed to $X in 2022. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Denmark (X tons), Lithuania (X tons) and Canada (X tons) were the main suppliers of cow peas imports to Sweden, together accounting for 55% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +54.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of cow peas (dry) to Sweden, comprising 28% of total imports. The second position in the ranking was held by Turkey ($X), with a 10% share of total imports. It was followed by Canada, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Denmark amounted to +60.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.0% per year) and Canada (+3.9% per year).

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, reducing by -12% against the previous year. Over the period under review, the import price recorded a mild slump. The growth pace was the most rapid in 2017 an increase of 43%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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