Southern Asia: Cow Peas Market 2024

Cow Peas Market Size in Southern Asia

The South Asian cow peas market surged to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, showed a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production in Southern Asia

In value terms, cow peas production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible curtailment. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

The country with the largest volume of cow peas production was Sri Lanka (X tons), accounting for X% of total volume.

In Sri Lanka, cow peas production remained relatively stable over the period from 2012-2022.

In 2022, the average cow peas yield in Southern Asia fell to X tons per ha, with a decrease of X% on the previous year. In general, the yield recorded a pronounced decrease. The growth pace was the most rapid in 2016 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2022, the growth of the cow peas 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.

In 2022, approx. X ha of cow peas (dry) were harvested in Southern Asia; rising by X% compared with the year before. The total harvested area indicated a tangible increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cow peas harvested area increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cow peas production reached the maximum in 2022 and is likely to see steady growth in years to come.

Cow Peas Exports

Exports in Southern Asia

Cow peas exports dropped rapidly to X tons in 2022, reducing by X% on 2021. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cow peas exports contracted significantly to $X in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, India (X tons) was the main exporter of cow peas (dry), comprising X% of total exports. It was distantly followed by Afghanistan (X tons), constituting a X% share of total exports.

India was also the fastest-growing in terms of the cow peas (dry) exports, with a CAGR of X% from 2012 to 2022. Afghanistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points.

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

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, remaining constant against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cow peas export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (X%).

Cow Peas Imports

Imports in Southern Asia

Cow peas imports soared to X tons in 2022, growing by X% on the previous year. Overall, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cow peas imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of cow peas (dry), namely Pakistan, Afghanistan and India, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest cow peas importing markets in Southern Asia were Afghanistan ($X), India ($X) and Pakistan ($X), together accounting for X% of total imports.

Pakistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Afghanistan ($X per ton), while Pakistan ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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