Myanmar: Cow Peas Market 2024

Cow Peas Market Size in Myanmar

The Myanmar's cow peas market shrank sharply to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a deep contraction. Cow peas consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production in Myanmar

In value terms, cow peas production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average cow peas yield in Myanmar reached X kg per ha, therefore, remained relatively stable against the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. Over the period under review, the average cow peas yield attained the peak level at X kg per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. 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 Myanmar contracted modestly to X ha in 2022, approximately mirroring 2021. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the harvested area dedicated to cow peas production reached the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Cow Peas Exports

Exports from Myanmar

In 2022, overseas shipments of cow peas (dry) increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cow peas exports soared to $X in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for cow peas exports from Myanmar, with a X% share of total exports. Moreover, cow peas exports to China exceeded the volume sent to the second major destination, India (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with an X% share.

From 2015 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

In value terms, China ($X) emerged as the key foreign market for cow peas (dry) exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

Export Prices by Country

The average cow peas export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Myanmar

In 2022, overseas purchases of cow peas (dry) decreased by X% to X kg, falling for the second year in a row after two years of decline. Overall, imports faced a dramatic slump. The smallest decline of X% was in 2021. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cow peas imports amounted to $X in 2022. Over the period under review, imports saw a sharp contraction. The smallest decline of X% was in 2021. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Madagascar (X kg) was the main cow peas supplier to Myanmar, accounting for a approx. X% share of total imports.

From 2015 to 2022, the average annual growth rate of volume from Madagascar stood at X%.

In value terms, Madagascar ($X) constituted the largest supplier of cow peas (dry) to Myanmar.

From 2015 to 2022, the average annual rate of growth in terms of value from Madagascar totaled X%.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price saw a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the average import price decreased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Madagascar.

From 2015 to 2022, the rate of growth in terms of prices for Madagascar amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :