India - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCow Peas Price in India - 2023
Contents:
- Cow Peas Price in India (CIF) - 2023
- Cow Peas Price in India (FOB) - 2023
- Cow Peas Imports in India
- Cow Peas Exports in India
Cow Peas Price in India (CIF) - 2023
The average cow peas import price stood at $780 per ton in October 2023, flattening at the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 20% m-o-m. The import price peaked at $833 per ton in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the countries with the highest prices were Mozambique ($845 per ton) and Madagascar ($827 per ton), while the price for Brazil ($691 per ton) and Kenya ($706 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Mozambique (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Cow Peas Price in India (FOB) - 2023
The average cow peas export price stood at $971 per ton in October 2023, increasing by 9.7% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 17% m-o-m. The export price peaked at $1,049 per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was the United States ($1,518 per ton), while the average price for exports to China ($872 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Cow Peas Imports in India
In 2022, the amount of cow peas (dry) imported into India fell significantly to 36K tons, shrinking by -42.5% against 2021. Overall, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year.
In value terms, cow peas imports fell significantly to $29M in 2022. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of $57M, and then dropped sharply in the following year.
| Import of Cow Peas in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 10.1 | 4.9 | 10.6 | 11.4 | 4.1% |
| Brazil | 31.1 | 25.8 | 40.0 | 9.4 | -32.9% |
| Mozambique | N/A | N/A | 2.9 | 3.9 | 34.5% |
| Myanmar | 0.2 | N/A | 0.3 | 2.5 | 132.1% |
| United Arab Emirates | 0.1 | N/A | N/A | 0.6 | 81.7% |
| Others | 2.2 | 3.5 | 3.2 | 1.4 | -14.0% |
| Total | 43.7 | 34.3 | 57.0 | 29.1 | -12.7% |
Top Suppliers of Cow Peas to India in 2022:
- Madagascar (13.5K tons)
- Brazil (11.2K tons)
- Mozambique (6.5K tons)
- Myanmar (3.0K tons)
- United Arab Emirates (0.6K tons)
Cow Peas Exports in India
After three years of growth, overseas shipments of cow peas (dry) decreased by -43.4% to 14K tons in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 316%. As a result, the exports attained the peak of 24K tons, and then contracted sharply in the following year.
In value terms, cow peas exports contracted rapidly to $11M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 301% against the previous year. As a result, the exports reached the peak of $23M, and then fell notably in the following year.
| Export of Cow Peas in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 1.4 | 18.7 | 7.2 | 126.8% |
| United Arab Emirates | 0.4 | 0.2 | 0.6 | 1.7 | 62.0% |
| Canada | 0.2 | 0.3 | 0.5 | 0.4 | 26.0% |
| Nepal | N/A | N/A | 0.5 | 0.4 | -20.0% |
| United States | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Vietnam | 0.2 | 0.7 | 0.2 | 0.3 | 14.5% |
| Sri Lanka | 1.2 | 1.2 | 0.1 | N/A | -71.1% |
| Others | 1.4 | 1.6 | 2.2 | 0.9 | -13.7% |
| Total | 3.7 | 5.7 | 23.0 | 11.2 | 44.7% |
Top Export Markets for Cow Peas from India in 2022:
- China (9.7K tons)
- United Arab Emirates (1.7K tons)
- Nepal (0.6K tons)
- Canada (0.3K tons)
- Vietnam (0.3K tons)
- United States (0.2K tons)
This report provides an in-depth analysis of the cow peas market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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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The rate of growth was highest in August 2023 with a 146% increase in imports compared to the previous month. In terms of value, Cow Peas imports significantly dropped to $2.4M in November 2023.
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