Asia-Pacific: Cow Peas Market 2024

Cow Peas Market Size in Asia-Pacific

The Asia-Pacific cow peas market totaled $X in 2022, picking up by X% against the previous year. Overall, consumption, however, recorded a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cow Peas Production in Asia-Pacific

In value terms, cow peas production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Myanmar (X tons) constituted the country with the largest volume of cow peas production, accounting for X% of total volume. Moreover, cow peas production in Myanmar exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), sevenfold. China (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Myanmar amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Sri Lanka (X% per year) and China (X% per year).

The average cow peas yield expanded to X tons per ha in 2022, surging by X% against the previous year's figure. In general, the yield, however, showed a perceptible shrinkage. Over the period under review, the cow peas yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. 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 totaled X ha in 2022, approximately reflecting the previous year's figure. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cow peas production reached the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Cow Peas Exports

Exports in Asia-Pacific

Cow peas exports skyrocketed to X tons in 2022, surging by X% against the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, cow peas exports skyrocketed to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Myanmar represented the major exporting country with an export of about X tons, which amounted to X% of total exports. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%). The following exporters - Lao People's Democratic Republic (X tons), China (X tons), Afghanistan (X tons) and Malaysia (X tons) - together made up X% of total exports.

Myanmar was also the fastest-growing in terms of the cow peas (dry) exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. By contrast, Thailand (X%), China (X%) and Afghanistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) remains the largest cow peas supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by India, with a X% share.

In Myanmar, cow peas exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (X%), while the other leaders experienced more modest paces of growth.

Cow Peas Imports

Imports in Asia-Pacific

In 2022, imports of cow peas (dry) in Asia-Pacific soared to X tons, rising by X% compared with the year before. Over the period under review, imports, however, continue to indicate a drastic downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cow peas imports skyrocketed to $X in 2022. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of cow peas (dry), namely Japan, Pakistan, Afghanistan and India, represented more than two-thirds of total import. It was distantly followed by China (X tons), committing a X% share of total imports. The following importers - Malaysia (X tons) and Taiwan (Chinese) (X tons) - each reached a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cow peas importing markets in Asia-Pacific were Afghanistan ($X), Japan ($X) and India ($X), together comprising X% of total imports. Pakistan, China, Malaysia and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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