Cow Peas Market in Japan
Market Overview
In 
, the Japanese cow peas market was finally on the rise to reach $ after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Cow peas consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
, the Japanese cow peas market was finally on the rise to reach $ after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Cow peas consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Consumption
In , consumption of cow peas (dry) was finally on the rise to reach tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a perceptible contraction. Over the period under review, consumption reached the peak volume at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The revenue of the cow peas market in Japan soared to $ in , rising by % 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). Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
, consumption of cow peas (dry) was finally on the rise to reach tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a perceptible contraction. Over the period under review, consumption reached the peak volume at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The revenue of the cow peas market in Japan soared to $
in , rising by % 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). Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for cow peas in Japan, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Cow peas market in Japan consists almost entirely of imported products.
Trade Balance
Japan remains a net importer of cow peas; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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