Australia: Cow Peas Market 2024

Cow Peas Market Size in Australia

The Australian cow peas market soared to $X in 2022, rising by X% against the previous year. In general, consumption, however, recorded a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production in Australia

In value terms, cow peas production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with a decrease of X%. Cow peas production peaked in 2022 and is expected to retain growth in the immediate term.

In 2022, the average cow peas yield in Australia amounted to less than X kg per ha, stabilizing at 2021. Over the period under review, the yield continues to indicate a relatively flat trend pattern. 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 in Australia amounted to less than X ha in 2022, remaining stable against the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

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Cow Peas Exports

Exports from Australia

In 2022, the amount of cow peas (dry) exported from Australia plummeted to X tons, shrinking by X% against 2021. Overall, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, cow peas exports reduced notably to $X in 2022. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Singapore (X tons) and New Zealand (X tons) were the main destinations of cow peas exports from Australia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Singapore ($X) and New Zealand ($X) constituted the largest markets for cow peas exported from Australia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, New Zealand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, continues to indicate moderate growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Australia

Cow peas imports into Australia skyrocketed to X tons in 2022, jumping by X% on 2021 figures. Overall, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, cow peas imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Canada (X tons), the United States (X tons) and India (X tons) were the main suppliers of cow peas imports to Australia, together comprising X% of total imports. Myanmar and Thailand lagged somewhat behind, together accounting for a further X%.

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

In value terms, Canada ($X), the United States ($X) and India ($X) appeared to be the largest cow peas suppliers to Australia, with a combined X% share of total imports. Thailand and Myanmar lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, saw 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 average cow peas import price amounted to $X per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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