Asia: Cow Peas Market 2024

Cow Peas Market Size in Asia

The Asian cow peas market totaled $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cow Peas Production in Asia

In value terms, cow peas production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Uzbekistan (X tons), Myanmar (X tons) and Yemen (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average cow peas yield in Asia soared to X tons per ha, with an increase of X% compared with the year before. The yield indicated noticeable growth 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 yield increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. The level of yield peaked in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cow peas (dry) production in Asia was estimated at X ha, flattening at the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Cow Peas Exports

Exports in Asia

In 2022, approx. X tons of cow peas (dry) were exported in Asia; surging by X% compared with 2021 figures. In general, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, cow peas exports surged to $X in 2022. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Uzbekistan represented the largest exporter of cow peas (dry) in Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Myanmar (X tons), generating an X% share of total exports. The United Arab Emirates (X tons) and Thailand (X tons) took a relatively small share of total exports.

Exports from Uzbekistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Uzbekistan, cow peas exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Cow Peas Imports

Imports in Asia

In 2022, the amount of cow peas (dry) imported in Asia surged to X tons, growing by X% compared with 2021 figures. Overall, imports, however, saw a drastic downturn. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cow peas imports expanded remarkably to $X in 2022. Over the period under review, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

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), constituting a X% share of total imports. The following importers - the United Arab Emirates (X tons), Georgia (X tons), Malaysia (X tons), Iran (X tons), Taiwan (Chinese) (X tons), Iraq (X tons) and Thailand (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X), Japan ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Pakistan, China, the United Arab Emirates, Malaysia, Iran, Taiwan (Chinese), Georgia, Thailand and Iraq lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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