Central Asia: Cow Peas Market 2024

Cow Peas Market Size in Central Asia

The Central Asian cow peas market fell rapidly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cow Peas Production in Central Asia

In value terms, cow peas production declined markedly to $X in 2022 estimated in export price. In general, production, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Uzbekistan (X tons) constituted the country with the largest volume of cow peas production, comprising approx. X% of total volume. Moreover, cow peas production in Uzbekistan exceeded the figures recorded by the second-largest producer, Turkmenistan (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume in Uzbekistan stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Turkmenistan (X% per year) and Tajikistan (X% per year).

Cow Peas Exports

Exports in Central Asia

In 2022, after two years of decline, there was significant growth in overseas shipments of cow peas (dry), when their volume increased by X% to X tons. In general, exports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cow peas exports soared to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Uzbekistan was the major exporter of cow peas (dry) in Central Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Turkmenistan (X tons), committing a X% share of total exports.

Uzbekistan was also the fastest-growing in terms of the cow peas (dry) exports, with a CAGR of X% from 2017 to 2022. Turkmenistan (X%) illustrated a downward trend over the same period. Turkmenistan (X p.p.) significantly strengthened its position in terms of the total exports, while Uzbekistan saw its share reduced by X% from 2017 to 2022, respectively.

In value terms, Uzbekistan ($X) emerged as the largest cow peas supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a X% share of total exports.

From 2017 to 2022, the average annual growth rate of value in Uzbekistan totaled X%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, which is down by X% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Cow Peas Imports

Imports in Central Asia

In 2022, imports of cow peas (dry) in Central Asia soared to X tons, surging by X% compared with the previous year. Overall, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cow peas imports surged to $X in 2022. In general, imports, however, saw a deep downturn. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kyrgyzstan dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), mixing up an X% share of total imports.

Kyrgyzstan was also the fastest-growing in terms of the cow peas (dry) imports, with a CAGR of X% from 2015 to 2022. Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Kyrgyzstan (X p.p.) increased significantly in terms of the total imports from 2015-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kyrgyzstan ($X) constitutes the largest market for imported cow peas (dry) in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

From 2015 to 2022, the average annual growth rate of value in Kyrgyzstan stood at X%.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

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 Kazakhstan ($X per ton), while Kyrgyzstan amounted to $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Source: IndexBox Platform

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