Hong Kong SAR, China - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCow Peas Price in Hong Kong SAR - 2023
Contents:
- Cow Peas Price in Hong Kong SAR (CIF) - 2023
- Cow Peas Price in Hong Kong SAR (FOB) - 2022
- Cow Peas Imports in Hong Kong SAR
- Cow Peas Exports in Hong Kong SAR
Cow Peas Price in Hong Kong SAR (CIF) - 2023
In November 2023, the average cow peas import price amounted to $1,346 per ton, which is down by -38.2% against the previous month. In general, the import price saw a pronounced setback. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 87% m-o-m. The import price peaked at $2,766 per ton in September 2023; however, from October 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($13,015 per ton), while the price for Myanmar ($836 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Cow Peas Price in Hong Kong SAR (FOB) - 2022
In 2022, the average cow peas export price amounted to $2,342 per ton, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2014 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs at $2,457 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($6,217 per ton), while the average price for exports to Macao SAR ($1,870 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 the Netherlands (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cow Peas Imports in Hong Kong SAR
Cow peas imports into Hong Kong SAR soared to 1.4K tons in 2022, with an increase of 17% on the previous year. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, imports attained the peak of 1.6K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cow peas imports soared to $2.4M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period.
| Import of Cow Peas in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 752 | 980 | 941 | 780 | 1.2% |
| United States | 684 | 569 | 530 | 557 | -6.6% |
| Myanmar | N/A | N/A | N/A | 295 | 0% |
| Japan | 471 | 458 | 231 | 243 | -19.8% |
| India | 43.4 | 77.7 | 71.4 | 172 | 58.3% |
| Madagascar | N/A | N/A | 30.1 | 83.8 | 178.4% |
| Brazil | N/A | 140 | N/A | 67.0 | -30.8% |
| Others | 159 | 195 | 107 | 189 | 5.9% |
| Total | 2,110 | 2,420 | 1,910 | 2,386 | 4.2% |
Top Suppliers of Cow Peas to Hong Kong SAR in 2022:
- China (499.1 tons)
- United States (334.3 tons)
- Myanmar (237.8 tons)
- India (86.4 tons)
- Madagascar (70.5 tons)
- Brazil (49.8 tons)
- Japan (33.3 tons)
Cow Peas Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of cow peas (dry), which decreased by -29.7% to 103 tons in 2022. Overall, exports recorded a precipitous shrinkage. The smallest decline of -2.8% was in 2021.
In value terms, cow peas exports fell notably to $240K in 2022. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 1.5% against the previous year.
| Export of Cow Peas in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 182 | 201 | 168 | 128 | -11.1% |
| Canada | 21.2 | 30.6 | 32.4 | 52.9 | 35.6% |
| United States | 43.5 | 23.0 | 33.1 | 25.0 | -16.9% |
| Netherlands | 3.6 | 7.5 | 15.9 | 18.7 | 73.2% |
| Panama | 1.7 | 1.7 | 8.4 | 5.4 | 47.0% |
| United Kingdom | 21.7 | 21.9 | 13.7 | 2.5 | -51.3% |
| Australia | 24.0 | 1.6 | 1.7 | N/A | -73.4% |
| Israel | 36.6 | N/A | N/A | N/A | 0% |
| Others | 5.7 | 6.0 | 24.6 | 7.1 | 7.6% |
| Total | 340 | 293 | 298 | 240 | -11.0% |
Top Export Markets for Cow Peas from Hong Kong SAR in 2022:
- Macao SAR (68.6 tons)
- Canada (18.2 tons)
- United States (7.9 tons)
- Netherlands (3.0 tons)
- Panama (2.5 tons)
- United Kingdom (0.7 tons)
This report provides an in-depth analysis of the cow peas market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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