Report Update Nov 1, 2024

Venezuela - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Cow Peas Market 2024

Cow Peas Market Size in Venezuela

The Venezuelan cow peas market shrank slightly to $X in 2021, falling by -3.1% against the previous year. Over the period under review, consumption, however, recorded a dramatic decline. Cow peas consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Cow Peas Production in Venezuela

In value terms, cow peas production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +6.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 48% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Cow Peas Exports

Exports from Venezuela

In 2020, after two years of growth, there was significant decline in overseas shipments of cow peas (dry), when their volume decreased by -89.3% to X tons. Overall, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 14%. As a result, the exports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, cow peas exports fell markedly to $X in 2020. Over the period under review, exports showed a sharp descent. The pace of growth was the most pronounced in 2019 with an increase of 15% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for cow peas exports from Venezuela, with a 98% share of total exports. It was followed by Turkey (X kg), with a 1.7% share of total exports.

From 2018 to 2020, the average annual rate of growth in terms of volume to the United States totaled -64.8%.

In value terms, the United States ($X) remains the key foreign market for cow peas exports from Venezuela, comprising 99% of total exports. The second position in the ranking was held by Turkey ($X), with a 1.2% share of total exports.

From 2018 to 2020, the average annual rate of growth in terms of value to the United States amounted to -70.8%.

Export Prices by Country

In 2020, the average cow peas export price amounted to $X per ton, which is down by -31.5% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2019 an increase of 0.8%. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Average prices varied somewhat for the major export markets. In 2020, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2018 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-17.0%).

Cow Peas Imports

Imports into Venezuela

In 2021, approx. X kg of cow peas (dry) were imported into Venezuela; with a decrease of -89.5% on the year before. Over the period under review, imports showed a dramatic downturn. The smallest decline of -20% was in 2015. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cow peas imports fell remarkably to $X in 2021. Overall, imports continue to indicate a precipitous slump. The smallest decline of -20% was in 2015. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X kg) was the main supplier of cow peas to Venezuela, accounting for a approx. 100% share of total imports.

From 2017 to 2021, the average annual rate of growth in terms of volume from Brazil was relatively modest.

In value terms, Brazil ($X) constituted the largest supplier of cow peas to Venezuela.

From 2017 to 2021, the average annual growth rate of value from Brazil was relatively modest.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2021, jumping by 32% against the previous year. Over the period under review, import price indicated resilient growth from 2017 to 2021: its price increased at an average annual rate of +15.1% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cow peas import price increased by +75.5% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2017 to 2021, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cow peas (dry) in the world?

The countries with the highest volumes of cow peas consumption in 2020 were Nigeria, Niger and Burkina Faso, together accounting for 77% of global consumption. Kenya, Ghana, Senegal, Mali, Cameroon, Sudan and Tanzania lagged somewhat behind, together comprising a further 15%.

What are the largest producers of cow peas (dry) in the world?

The countries with the highest volumes of cow peas production in 2020 were Nigeria, Niger and Burkina Faso, together comprising 78% of global production. Kenya, Ghana, Senegal, Mali, Cameroon, Sudan and Tanzania lagged somewhat behind, together comprising a further 15%.

What are the leading suppliers of cow peas (dry) to Venezuela?

In value terms, the U.S. constituted the largest supplier of cow peas to Venezuela.

What are the leading importers of cow peas (dry) from Venezuela?

In value terms, the U.S. remains the key foreign market for cow peas exports from Venezuela, comprising 98% of total exports. The second position in the ranking was occupied by Turkey $405), with a 2% share of total exports.

What is the average export price for cow peas (dry) in Venezuela?

The average cow peas export price stood at $1,211 per ton in 2019, remaining relatively unchanged against the previous year.

What is the average import price for cow peas (dry) in Venezuela?

The average cow peas import price stood at $661 per ton in 2018, approximately equating the previous year.

This report provides an in-depth analysis of the cow peas market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 195 - Cow peas, dry

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023