
China - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
China Imports of Cow Peas Increase 50% to $249K in August 2022
China Cow Peas Imports
In August 2022, overseas purchases of cow peas (dry) increased by 111% to 401 tons, rising for the second consecutive month after two months of decline. In general, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in September 2021 when imports increased by 363% month-to-month.
In value terms, cow peas imports soared to $249K (IndexBox estimates) in August 2022. Over the period under review, imports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in September 2021 with an increase of 515% m-o-m.
COUNTRY | Import Value of Cow Peas in China (thousand USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Aug 2021 | Sep 2021 | Oct 2021 | Nov 2021 | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | |
India | 228 | 1,821 | 2,236 | 1,016 | 2,942 | 423 | 798 | 598 | 425 | 159 | 73.6 | 166 | 249 |
Myanmar | 113 | 276 | N/A | 314 | 234 | 409 | 943 | 1,460 | 1,781 | 445 | 39.5 | N/A | N/A |
Others | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.7 | 6.1 | N/A | N/A | N/A | N/A |
Total | 341 | 2,097 | 2,236 | 1,330 | 3,177 | 832 | 1,741 | 2,058 | 2,213 | 603 | 113 | 166 | 249 |
Imports by Country
In August 2022, India (401 tons) was the main cow peas supplier to China, accounting for a approximately 100% share of total imports.
From August 2021 to August 2022, the average monthly growth rate of volume from India stood at +2.1%.
In value terms, India ($249K) constituted the largest supplier of cow peas to China.
From August 2021 to August 2022, the average monthly rate of growth in terms of value from India was relatively modest.
Import Prices by Country
In August 2022, the cow peas price amounted to $621 per ton (CIF, China), shrinking by -29.1% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2021 an increase of 33% m-o-m. The import price peaked at $907 per ton in October 2021; however, from November 2021 to August 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From August 2021 to August 2022, the rate of growth in terms of prices for Myanmar amounted to -0.7% per month.
This report provides an in-depth analysis of the cow peas market in 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.
Making Data-Driven Decisions to Grow Your Business
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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