Turkey: Cow Peas Market 2024

Cow Peas Market Size in Turkey

In 2022, after three years of growth, there was decline in the Turkish cow peas market, when its value decreased by -2.7% to $X. Overall, consumption, however, enjoyed a resilient expansion. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Cow Peas Production in Turkey

In value terms, cow peas production stood at $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 17%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of cow peas (dry) in Turkey stood at less than X kg per ha, standing approx. at 2021 figures. Over the period under review, 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.

The cow peas harvested area in Turkey stood at less than X ha in 2022, remaining stable against 2021 figures. In general, the harvested area saw a relatively flat trend pattern.

Cow Peas Exports

Exports from Turkey

In 2022, after two years of growth, there was significant decline in overseas shipments of cow peas (dry), when their volume decreased by -58.4% to X tons. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 212%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, cow peas exports declined sharply to $X in 2022. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 216%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for cow peas exports from Turkey, with a 56% share of total exports. Moreover, cow peas exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+106.4% per year) and Austria (-3.2% per year).

In value terms, Germany ($X) remains the key foreign market for cow peas (dry) exports from Turkey, comprising 56% of total exports. The second position in the ranking was taken by the UK ($X), with an 18% share of total exports. It was followed by Austria, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+94.1% per year) and Austria (-6.6% per year).

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2013 an increase of 21% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to the UK ($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 Cuba (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Turkey

In 2022, overseas purchases of cow peas (dry) decreased by -72.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 749%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cow peas imports reduced sharply to $X in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 612%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Kyrgyzstan (X tons), Peru (X tons) and Argentina (X tons) were the main suppliers of cow peas imports to Turkey, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +17.0%), while imports for the other leaders experienced a decline.

In value terms, the largest cow peas suppliers to Turkey were Kyrgyzstan ($X), Peru ($X) and Argentina ($X), together accounting for 98% of total imports.

Peru, with a CAGR of +18.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, picking up by 26% against the previous year. Overall, the import price, however, showed a noticeable reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :